Wednesday, December 18, 2013

Michael Owen Tinkler did not stay long


If you view this section of the blog then it is clear that Michael Owen Tinkler has historically been close to George Kerr and his companies. Probably not more so than when he also joined the board of Pyne Gould Corp at the beginning of 2012 only to retire several months later on 28 November (p.8).

Maybe the heat around the "controversial $28 million related-party lending", which "involved a short-term loan from Perpetual to a company directed by Michael Tinkler, also PGC's general counsel at the time" was enough to make him decide to seek greener pastures with Burton & Co in Auckland.


In addition Burton & Co's web page (copied below) seems to suggest that Michael is no longer acting as general council for PGC.

If you review the Companies Office register then you will note that Michael resigned from 12 of the 53 (mostly Kerr and Baker Street Capital Management related) companies. Is it just me or does it seem that things have turned a bit frosty between Kerr/PGC/Baker Street Capital Management and Mr Tinkler?
If it is indeed the case then Michael might want to reconsider ;-) His real estate expertise might come in handy for Baker Street Capital Management's Sears Holdings investment (The Case for Sears Holdings) where BS is now one of the largest shareholders. 

Cheerio!
jA

Anderson Cooper once said, I think it's a good thing that there are bloggers out there watching very closely and holding people accountable. Everyone in the news should be able to hold up to that kind of scrutiny. I'm for as much transparency in the newsgathering process as possible.

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