Ann: Suspension from Official Quotation, page-61

First 61 Last

Share
Profile

Follow
Fiscal 1

425 Posts.

51

26/09/18

05:38

Post #: 35840447
Share

Originally posted by Ryzie ↑

I don't believe the breach of contract notice was to make money. It's been done from a reputation standpoint imo.

Hypothetically, imagine you owned a block of units and you got an offer to have a pool installed. It's a good deal and adds value to the units so you sign the contract with the pool company. Then you go and tell all your tenants that a pool is getting installed. The tenants get excited and decide that they want to extend their lease for another 24 months. All your tenants are now on a 2 year lease because they believe they will be getting a pool to use. Then the date for the work to be started rolls around and the pool company never turns up. You give them a call to find out what has happened. They tell you there were some delays and they expect to start in a months time. You then go back to your tenants and advise them that it has been delayed and you provide them with the new date. The new date arrives and yet the work still doesn't get started. This continues for the next 12 months. Your tenants are furious because they decided to sign an extension on their lease because they believed they were going to have access to a pool.

At this point it doesn't really matter what happens between you and the pool company. The damage has already been done. The tenants have now lost faith in you. They have no doubt told all their friends and family. Before long the word has gotten out and the story is now being told in a different way. Perhaps they are saying that you tricked them into signing a two year lease and then didn't deliver.

Your reputation can be salvaged by taking legal action and perhaps some of the cost of losing tenants and also your time spent organizing to have the work done. This of course doesn't repair the damage that has been done.

Then one day a really nice Canadian citizen comes along and offers you a stack of money to buy the units off you... wait. That has nothing to do with the pool company anymore but it's a lot more exciting to talk about.

Expand

Hopefully the really nice Canadian man wants to buy the abundance of product you were growing in the greenhouse to supply the recreational market.

MXC Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

VUL

Vulcan appoints investment bank and M&A veteran to board

There are more pages in this discussion • 8 more messages in this thread...

First 61 Last

Add RGT (ASX) to my watchlist

(20min delay)
Last 35.0¢		Change 0.030(9.38%)		Mkt cap ! $16.94M

Open	High	Low	Value	Volume
32.0¢	35.0¢	32.0¢	$3.361K	9.732K

Buyers (Bids)

No.	Vol.	Price($)
1	16739	35.0¢

Sellers (Offers)

Price($)	Vol.	No.
35.5¢	8746	1

View Market Depth

No.	Vol.	Price($)
1	1666	0.300
1	20000	0.250
1	2200	0.230
1	4545	0.220
1	4761	0.210

Price($)	Vol.	No.
0.355	8746	1
0.360	971	2
0.365	100	1
0.370	2000	1
0.400	1183	5

Last trade - 16.10pm 13/09/2024 (20 minute delay)

RGT (ASX) Chart

Ann: Suspension from Official Quotation, page-61

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Utah authorities sign off on Anson's lithium extraction plans at Green River

Vulcan appoints investment bank and M&A veteran to board

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Suspension from Official Quotation, page-61

Top Stories

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Utah authorities sign off on Anson's lithium extraction plans at Green River

Vulcan appoints investment bank and M&A veteran to board

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News