NZX - NZ Exchange

[Balance]

Extremely sobering to note NZX track record of listings in recent times :

CBL,

Wynyard

Intueri

Snakk

Veritas

Plexxxure

Orion

Tegel

Metro Glass

Mostly useless companies in conjunction with a few equally useless brokers and promoters (Forsyth Barr deserves special mention) who are very good at hoodwinking the investing public - seem to list on NZX.

Be careful out there, folks.

The NZX as is where is - not an entity dedicated to protecting and safeguarding the interests of shareholders and investing public. Just a pure unadulterated profit and greed driven organisation devoid of ideas and direction.

Cases in point:

NBR headlines about NZX showing how useless NZX really is :

1. NZX dairy company, Keytone chooses ASX for listing (legacy of wunderkid Weldon and his sleeping board of directors who priced NZX fees out of the stratosphere for the miserable services it provides)

2. NZX wooing Paul Hyslop's Zoono group to list on NZX (refer Paul's past activities with Wislon Neill and with Fletcher Paper shares - http://www.nzherald.co.nz/business/n...bjectid=161850)

3. ExCEO Tim Bennett tipped for role with Kazakhstan (ironical, isn't it? He was promised multi-growth options bequeath by wunderkid Weldon and Chairman Harmos and found a pile of dog poo instead at NZX!)

If it is not so sad for NZ and NZX, NZX would actually be so funny as one huge comedy show!