Forum Archive Index - June 2003

[Marilyn Munroe <who.c@res.co.nz>]

<quote>
Under the terms of the agreement announced today,  the Government would pay
about $75.8 million to acquire a 35% interest in TRH in the form of new
shares to be issued at a price of 67c per share. After the share issue, the
Government would be entitled to elect three of the seven directors on the
TRH Board of directors.
</quote>

This leads me to propose the Kiwi business model;

1. Buy assets from government,
2. Strip assets & run down services,
3. Sell back to government,
4. Profit.

Boop-boop-de-do Marilyn

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