tag:blogger.com,1999:blog-918672081160600879.post5836950600312074355..comments2023-09-20T03:00:42.550-07:00Comments on wheeler's Corner NZ: What the hell is happening to us...Wheeler's Corner NZhttp://www.blogger.com/profile/18151905311166293297noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-918672081160600879.post-88225814290367527002016-04-05T04:15:11.005-07:002016-04-05T04:15:11.005-07:00
If you would like to go back a few years and ha...<br /> <br />If you would like to go back a few years and have a little look at Wishart’s Book; ‘The Paradise Conspiracy’ You would see the legalised Rip Off Merchants were alive and well in those times and all. What has happened in the intervening years has been the scams have grown bigger, more sophisticated and more secretive. Reading the book seemed like a who’s who of the big money artists of NZ at that time.<br /> <br />There was a major financial crash shortly after the story was exposed. I was pleased to see the number of big money boys, <br />Frank Renouf (First mate on an Aussie Tramp) was one caught up in it with quite a few more, which for me was a real helping of Poetic Justice! Sure I had a few shares in NZ Forest Products and a couple of their offshoot property enterprises that simply disappeared. I didn’t feel so bad when I found the big time Wheelers and Dealers went down at the same time. I accepted that those guys knew about as much about risk as I did. Otherwise how was it so many of them were taken to the cleaners?<br /> <br />To hand today, I received a report issued by; forager funds.com about the Dick Smith business.<br /> <br />See http://foragerfunds.com/bristlemouth/dick-smith-is-the-greatest-private-equity-heist-of-all-times<br /> <br />This is quite unbelievable. Read the full story and then try to get your eyebrows back to their normal positions above you eyes from half way down your back! Supporting figures are included which for me, as a simple chippie, were way over my head!<br /> <br />Not a bad deal, making half a billion out of a shonky deal like that evidently was!<br /> <br />Peter G.<br />Anonymousnoreply@blogger.com