Forum Archive Index - November 2001

["dasd frasd" <g_smythe_@hotmail.com>]

The recent profit forecast announcement by Wakefield Hospital is a timely 
reminder about the ethics of the directors of some companies listed on the 
New Zealand Sharemarket. Is NZ still the wild west? To announce that the 
directors' forecasted profits, as stated in the prospectus 'could be' 50 
percent out after just two months into the life of the listing is a total 
disgrace. The director's must have known that their business forecasts were 
suspect, or if they did not the management and advisers to the company needs 
to be questioned.

Furthermore, to learn that some people loosely associated with the company 
were selling script soon after listing is of further concern.

What is of even further concern is the fact that this compny operates in the 
medical arena where ethics are suppose to be 'whiter than the driven snow'.

G Smythe


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