Final submissions

A few readers wanted to make the final reminder public, so can you please have your source material submitted no later than 15 September. A friend of the board is currently working on syndication to the New York Times and trying to get Michael Lewis interested as well. This is a good place to start for those of you that do not know Mr Lewis. I am an admirer of Mr Lewis' work and you will enjoy his articles and he has written very good books too, which you can find here. The Bloomberg and Financial Times stories looks like it will happen, but it would be rather nice to get the other two on board as well. We need that source material though.

Cheerio,
jA

Perpetual challenges FMA raids...with your money

While you read the following article by Niko Kloeten on Good Returns remember that Perpetual/Pyne Gould uses company money and therefore essentially shareholder money to protect that what has now become the farsical behaviour of its directors.

J

Perpetual challenges FMA raids

Perpetual Trust has taken the Financial Markets Authority to court over searches of companies associated with Pyne Gould Corporation, as part of an investigation into related-party loans.

 

Baker Street Capital Management accused of double standards by PGC shareholder

I neglected to blog this contribution I received some weeks back. The author accuses Baker Street Capital of double standards, because Baker Street Capital is doing exactly the same things to Pyne Gould shareholders about which they are complaining about in the letter. It appears that Baker Street Capital do not enjoy being beaten with the same stick which they are using to clobber Pyne Gould shareholders.

I edited some of it and provided links.

J

---------------------------

Dear John,

Jackie xxx (Edited: name withheld) faxed me this letter that Baker Street (Edit: Baker Street Capital Management LLC) sent to a company called Tix Corporation in which they complain about the way the shareholders are being treated. Jackie is feeling more than a bit crook about this affair and still cannot believe that the family’s investment is worthless after they stuck with the Pynes for generations.