TPI 4.29% 73.0¢ transpacific industries group ltd

Ann: Suspension from official quotation , page-3

  1. 15,276 Posts.
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    bluesdog...

    Madness to risk undermining an entity via foreign borrowings without the appropriate levels of currency hedging in place.

    Many a good business model has been bought undone by the so-called "boys upstairs"...who, with typically accounting/banking backgrounds, often have little experience with the actualy businesses in question.

    TPI would have made a good short though...I was a little slow when she plunged last week...and am annoyed with myself for not holding shortd originally set near $6!

    Could buy them back off-market for about 50c now...and possibly much less in a few weeks/months.

    I do hope they pull through as a entity though...real people with real jobs here.

    An issue often missed in such scenarios.

    Cheers!
 
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