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Originally Posted by Toasty
I never thought about WorkFlowmax as a competitor as it doesn't have the GPS component but has all the job tracking capability.
That would have to be a risk - cant be too hard to add in a GPS component. Question is would Xero (workflows owner) step on the toes of one of its Alumni?
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Originally Posted by CJ
Weldon's about as useful as a celebrity endorsement for a finance company in the mid 2000's.
If fact probably less as he won't suck in new customers.
The CEO looks promising so will be interesting to see how it goes.
Well said, CJ.
Weldon is not highly thought of in the broking community - that much I know.
ExNZX staff when he was CEO have nothing good to say about him - I have heard terms like 'egomaniac prick, social misfit etc' to describe his personality.
He milked NZX and the broking/investment community for all he could extract from a monopoly and only a revolt by the listed companies (when he tried to raise charges yet again) stopped him from filling his pockets with more ill-gotten loot.
Diligent lost credibility when it appointed him as a director imho, and GeoOP should have done more homework before appointing him as Chairman.
Noticed how Weldon ran a million miles away from Diligent when the **** hit the fan on its listing, but was so quickly to claim credit for any success?
Last edited by Balance; 08-09-2013 at 11:47 AM.
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From some comments in NBR on Mark weldon :
"The NZSE used to be a vibrant place with many participants and players. Sure it had its faults but which industry does not?
The industry back then generated a lot of good and high playing jobs, especially for young graduates coming through the system.
Then came the NZX and Mark Weldon. He saw a monopoly and started cranking up charges, without providing any real incremental services or benefits back to the industry and the market, especially investors.
Meanwhile, the NZX struggled to keep executives. For example, how many CFOs in ten years?
Heck, the guy even wanted to charge for real time company's announcements! Just compare what the ASX provides to the industry versus NZX.
It took a rebellion by some listed companies for Mark to back off from continuously cranking up the (already) exorbitant charges.
Proof of the exorbitant charges - NZX's profits kept soaring even while the service to the industry deteriorated.
Net result - sure NZX is now worth $250m more than it was when Mark took over. Good for NZX shareholders, especially Mark Weldon.
The real cost to NZ though is the loss of hundreds of jobs as firms cut back to stay profitable, and a stock market and industry that has gone backwards in whichever way you care to measure.
Commerce and finance graduates now cannot find decent jobs in the industry in NZ. Just check with the broking firms, investment banks and employment agencies in NZ.
They now have to go across to Australia to get jobs.
And oh yes, how many broking and investment banking firms and staff were there in 2000 versus today? The flow on of this reduced capital market activity is less jobs for the other professions - law, accounting, media, etc.
Future generations will look back at Mark Weldon and those who supported Mark Weldon (Forsyth Barr especially, the Wellington business mafia, John Key and vested interest groups) as people who destroyed billions of wealth in NZ - all for a sack of silver.
Reflect on that, folks."
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Originally Posted by Balance
From some comments in NBR on Mark weldon :
"The NZSE used to be a vibrant place with many participants and players. Sure it had its faults but which industry does not?
The industry back then generated a lot of good and high playing jobs, especially for young graduates coming through the system.
Then came the NZX and Mark Weldon. He saw a monopoly and started cranking up charges, without providing any real incremental services or benefits back to the industry and the market, especially investors.
Meanwhile, the NZX struggled to keep executives. For example, how many CFOs in ten years?
Heck, the guy even wanted to charge for real time company's announcements! Just compare what the ASX provides to the industry versus NZX.
It took a rebellion by some listed companies for Mark to back off from continuously cranking up the (already) exorbitant charges.
Proof of the exorbitant charges - NZX's profits kept soaring even while the service to the industry deteriorated.
Net result - sure NZX is now worth $250m more than it was when Mark took over. Good for NZX shareholders, especially Mark Weldon.
The real cost to NZ though is the loss of hundreds of jobs as firms cut back to stay profitable, and a stock market and industry that has gone backwards in whichever way you care to measure.
Commerce and finance graduates now cannot find decent jobs in the industry in NZ. Just check with the broking firms, investment banks and employment agencies in NZ.
They now have to go across to Australia to get jobs.
And oh yes, how many broking and investment banking firms and staff were there in 2000 versus today? The flow on of this reduced capital market activity is less jobs for the other professions - law, accounting, media, etc.
Future generations will look back at Mark Weldon and those who supported Mark Weldon (Forsyth Barr especially, the Wellington business mafia, John Key and vested interest groups) as people who destroyed billions of wealth in NZ - all for a sack of silver.
Reflect on that, folks."
All because of Mark Weldon? I don't think so,the market is way bigger than one person,c,mon. And ... He is gone from the scene now so...
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Originally Posted by moosie_900
if he did that for NZX imagine what he can do for GeoOP!
(just playing devils advocate, don't crucify me please!)
Difference is that NZX is a monopoly.
Any idiot can run and milk a monopoly.
Mark Weldon's entry as director into Diligent (and the subsequent price action) gives you a fair idea of what to expect from Weldon as Chairman.
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so I see moosie is into cougars.. a moose chasing a cougar... Think the cougar could eat the moose up though lol!
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Originally Posted by moosie_900
It is also important to note, registered investors will not be able to receive a Disclosure Document and subscription agreement until they have returned all the required documents attached certifying they are eligible investors.
Please see below for an indicative timetable:
Registrations of interest close |
5pm on Friday, 20 September 2013 |
Disclosure Document (subject to approval by the NZX) and subscription agreement sent out to all registered eligible investors |
From Tuesday, 23 September |
Share offer closes. All subscription agreements must be sent to Share Registrar (Link Market Services) |
Early October 2013 |
Quotation and trading of shares expected to commence on the NZAX |
Second or third week of October 2013 |
Please note: This timetable is indicative only and GeoOP reserves the right to amend it.
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Thats the info i got last week.
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1/2+7 = 28 1/2 for her so you are too young
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