Forum Archive Index - December 2000

["Grant Keymer" <grant@jenlogix.co.nz>]

Where did you hear that Te R?

I can't find any reference to it on Access Brokerage...

 

Usually if this happens it means that a company has not complied with the NZSE rules, e.g.

 

1)  Not providing a copy of their annual report within the stipulated time

2)  Not paying the annnual listing fee

3)  Not complying with any of the myriad rules & regulations which govern a public company.

 

Often it is not serious -- the company is reinstated once it complies with the rule(s) in question.

 

But other times it may be an indication that something serious is amiss within the company i.e. they don't have enough cash to pay the annual listing fee.

 

In any case it is an indication of poor management because complying with the NZSE rules is mandatory if you are a public company.  Suffice to say that this kind of lapse is very unsettling to shareholders... but then I ain't telling you nothing!

 

Best of luck Te R and I would be intrigued to know where you heard this info.

 

Cheers

 

Grant Keymer
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