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[sharechat] AIR NZ and the NZSE


From: "Brian Jones" <ibbij@hotmail.com>
Date: Mon, 24 Sep 2001 10:03:39 +1200


It seems remarkable to me that with all the uncertainty and speculation 
surrounding AIR NZ and with a pending Board meeting which will in effect 
decide whether the Company continues to exist as we know it, that the NZ 
Stock Exchange has not supended trading in AIR NZ shares.
The oportunities for insider trading are enormous.With the Govt,SIA,BIL and 
the rest of the Board obviously in conflict,and each with the future of the 
Airline in their hands, insider trading would seem to me to be a certainty.
Also,  how can the market be kept fully informed when the situation is so 
fluid?
Any other civilised market would have suspended AIR NZ long ago.
Roll on our wild-west market and the gutless and impotent NZSE.

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