NZS 0.00% 0.2¢ new zealand coastal seafoods limited

Ann: Investor Webinar, page-57

  1. 281 Posts.
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    I am rather concerned in respect of recent happenings with NZS.
    I understand that the BOD (apart from the serial board sitter, Chairman Willisee) are relatively inexperienced,
    Nevertheless I find the recent situation where we have a substantial CR (with a complex sales price mechanism that was subsequently abandoned after the cut off date for investments), followed effectively immediately by a Trading Halt (to announce that a key contract will be substantially reduced) to be rather questionable,
    This,predictably, has been followed by a substantial drop in the SP.
    Added to this, neither of the last two Webinars are available for viewing reportedly due to equipment malfunctions.
    Whilst I do not normally subscribe to conspiracy theories, I find this sequence of events somewhat disturbing.
    I am a LT holder in NZS and my initial entry price was 1.3c.
    I participated in the recent CR at 4.2c.
    I also have a substantial holding of NZSOA.
    Trust is a very fragile commodity.
    I hope the future actions of the BOD and management demonstrate a more professional approach to their collective responsibilities to all shareholders..
 
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