Intueri Education IPO

**foggleboggle** · 05-09-2017, 05:41 PM

We shareholders should not give up too easily on this one. There could be a long way to go yet. Keep in mind that the McGrath Nicol report gives scant regard to the plight of shareholders. Check it out. If shareholders keep being treated like mangy dogs in these situations then mangy dogs will have to bite to get attention.

The share market depends on an orderly functioning process. Continually in these situations we are treated as collateral damage. Our financial system is now very dependent on shareholders. If shareholders lose confidence then who knows what could happen. Keep in mind in this case that there is about $150-$200million at stake. The Board and Management are by no means out of the woods yet. Common law processes as well as other possibilities could well come into play. Also there seems to have been a very significant failure to keep the market advised about serious non compliant matters - so much so that had anybody known the true position of how the company was functioning on certain matters then one would have not gone within a bulls roar.

In view of the amount of money involved and the types of avenues available to groups of individuals then we should keep our powder dry. Hang in there and wait to see what transpires as the amount of money down the drain is of a significant nature. So far we have received virtually no help from McGrath Nicol as they seem to not be very interested in us. That does not mean a great lot as they are only one in the whole equation.

As far as Ogg is concerned I cannot understand what he means by "The business as a whole is profitable and over the long term should recover". The business has been sold and as far as shareholders are concerned is of nil value.

**foggleboggle** · 05-09-2017, 06:49 PM

Really Ogg when you say the business is profitable one wonders where you are coming from. Do you understand what profitable means. I thought McGrath Nicol were appointed Liquidators. There is a long way to go in this yet. Mangy dogs may be mangy but they are sometimes pretty capable.

**foggleboggle** · 05-09-2017, 11:08 PM

We don't really know what is happening now and in any case it has no bearing on what happened previously. Once the TEC report comes out shareholders can look more clearly at what types of actions can be taken. Liquidators have a very bad record of looking after shareholders so we can forget about McGrath Nicol. You mentioned one shareholders name before but if I remember rightly employees of that company were also Board members which would almost certainly colour their response. In any case there are hundreds of other shareholders who need to be encouraged to look for avenues to recover the very substantial amount of money lost. If a funder can be found - which is highly probable - then a class action is most certainly in the wings.

**oldtech** · 09-10-2017, 01:58 PM

Not that it makes a lot of difference at this stage, but ... IQE Shares to be delisted on the 16th of October.

https://www.nzx.com/companies/IQE/announcements/308400

**percy** · 21-01-2018, 08:01 AM

Originally Posted by Ogg

The book is finally closed on this one...

http://www.tec.govt.nz/assets/Report...ember-2017.pdf

http://www.nzherald.co.nz/business/n...ectid=11978407

"Quantum had 1741 enrolments in 2013,when Intueri prospectus stated it had 4628."
???????..........
Explaining the discrepancy adds more ??????????? to me.
I think these ???????????? should have be put to the test in a court of law.
The Intueri prospectus was false.
The fact Arowana pocketed over $114 mil only adds fuel to the fire.
It was more than "woeful management practices."

**Hectorplains** · 21-01-2018, 09:14 AM

Originally Posted by percy

"Quantum had 1741 enrolments in 2013,when Intueri prospectus stated it had 4628."
???????..........
Explaining the discrepancy adds more ??????????? to me.
I think these ???????????? should have be put to the test in a court of law.
The Intueri prospectus was false.
The fact Arowana pocketed over $114 mil only adds fuel to the fire.
It was more than "woeful management practices."

Yep, if this happened in Australia it would've sparked a class action - as it has for another failed Ed provider in Ashley Services. Is it the lack of ambulance chaser law firms (Maurice Blackburn, Slaters et al) here?

**Brain** · 23-09-2019, 06:48 PM

NBR reports that the liquidators are taking legal action against individuals and organisations associated with the company.

ANZ owed $52m and unsecured creditors $6.6m

shareholders lost a fair bit too

Perhaps we will get to understand the level of incompetency and possibly dishonesty that led to this total trashing of shareholders wealth.

**couta1** · 23-09-2019, 06:56 PM

Originally Posted by Brain

NBR reports that the liquidators are taking legal action against individuals and organisations associated with the company.

ANZ owed $52m and unsecured creditors $6.6m

shareholders lost a fair bit too

Absolute mongrel of a company, lost everything so that's a fair bit.