How to lose $22m in 6 months

George Kerr has a reputation for being an astute dealmaker and the following is based on the assumption that it was him and Bryan Mogridge behind the dealing at PGC and Torchlight. Your board under the leadership of Bryan Mogridge is double backing and he is contradicting himself, which ultimately cost PGC shareholders and arm and a leg.

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

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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.