Sequal to "How to lose $22m in 6 months"...How to lose $31m in 12 months

6 months ago we showed you how PGC shareholders were out of pocket by $22m. Now, 6 months on we were hoping for improved affairs, but regrettably things did not improve. Heartland shares increased significantly in price. The $22m number now increased to $31m and PGC's market value decreased by $4m. The $31m is now a staggering 22% of market value. Australia Equity Partners, ultimately controlled by Vadim Perelman

through his vehicle Baker Street Capital Management and George Kerr

has to shoulder the blame. Mr Kerr, preferred to not attend PGC's AGM, where shareholders expected him and his fellow controlling shareholder Mr Perelman to explain these deals. 

Reblogged: Pyne Gould Corporation – hedge fund discounts and shifty management

Analysis on Pyne Gould Corporation
http://fowci.wordpress.com/2013/04/21/pyne-gould-corporation-hedge-fund-discounts-and-shifty-management/

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.

Pyne Gould Corporation wants to shut down blog?

Shearing kept me busy, but I have a bit more time to post again.
We have the first official response from Pyne Gould Corporation regarding the questions raised on this blog.

They want to know who is controlling the blog (Hint: Anderson) and we want to know who controls Pyne Gould Corporation these days. Is it management, Mr George Kerr, Australia Equity Partners, Baker Street Capital Management, Mr Vadim Perelman and his hedgie friends?

That is what you get for asking questions about a public company in New Zealand.

Sue the blog by transparency6

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.