We promised to start digging in our previous post and guess what? Dig and you will find!
We believe the reason Bryan Mogridge specifically and the Pyne Gould board, at the time made up of George Kerr, Bruce Irvine, John Duncan and Mogridge, changed their story is because although they promised to return the assets “surplus to core business requirements” (cash, PGW and Heartland shares), they used it as security to a loan to purchase more Heartland shares.
Someone was kind enough to send us the following information with the following advice,
If you are in a hurry and assume someone is trying to hide something in a dustbin then a bright spark will turn the bin upside down and dig through the garbage from the “bottom up”; read this report starting on the last page.
