Forum Archive Index - November 2001

["Colin Ross" <ceejaynz@xtra.co.nz>]

All investors beware !!
Beware of Companies who depend on Government decisions !!
Ask yourselves, who in our society is most able to move the "playing field"

(one who has been burned )

Ceejay


----- Original Message -----
From: dasd frasd <g_smythe_@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, November 21, 2001 7:04 PM
Subject: [sharechat] WFD - Heart Attack Stuff


> 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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