PVL 0.00% 4.6¢ powerhouse ventures limited

Before you buy I hope you look back at the whole sorry saga from...

  1. 13,963 Posts.
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    Before you buy I hope you look back at the whole sorry saga from listing.

    They might get to reinvent in Australia, but I’d say that they have burnt every shred credibility in NZ.

    I hold from prior it listing, and never sold as there was never any real liquidity, and I was always more hopeful that the plummeting share price, a bit poor at cutting my losses anyway.

    Once they’d burnt their credibility they burnt most remaining asset value on expenses. Would have been fine to sell their stakes in Mars, Invert Robotics, Syft and Arc Active if they were reinvesting the proceeds in seed companies, but the vast majority didn’t get re-invested, did it?

    Buyer be very wary.
    EL
 
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