Forum Archive Index - August 2000

["Ian Andrews" <iandrews@ihug.co.nz>]

I guess I may qualify as one of the "negative writers to this board" about Wilson Neill Corporation about which Nikolai is referring. My major problem with WNC is that so much of the company's business which shareholders have a right to know about,is kept secret.Even "facts" such as how many shares are on issue - how on earth are investors supposed to value the shares when they don't know how many shares exist.  I have just discovered another 10 million shares have been issued since the Annual Report was mailed recently. Director Paul Hyslop & a well-known consultant working for WNC continue to be large sellers, despite enthusiastic public pronouncements about the company ( I realise there could be genuine reasons for selling, but surely I am not being "disloyal" to the company for raising the question )

 

In this regard, 1.5 million of the allotted shares appear to have been to Nikolai himself on 24 July( the date of his first Sharechat posting), according to registry records. Could he please describe the value he provided to the company in exchange for the shares & be more frank about his involvement with Wilson Neill?