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0.2¢ new zealand coastal seafoods limited

Yep the old XTV, bullshit prevails again. Hang on to your money

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mgavoca

777 Posts.

363

22/10/20

11:21

Post #: 48296818
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Originally posted by Tiga33: ↑

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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Yep the old XTV, bullshit prevails again. Hang on to your money

NZS Price at posting: 3.0¢ Sentiment: None Disclosure: Held
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