LMAO, talk about double dealing

geek_mrfxit, May 16, 8:17 am
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11449325&ref=nzhbiz_tw

"Earlier this month, Mega's shareholders pulled out of plans to list on the NZX via a back-door listing through shell company TRS Investments after several delays.

Under the deal, TRS was to have acquired Mega for $210 million by issuing 700 million shares at 30 cents apiece to Mega shareholders, after undertaking a share consolidation.

Mega shareholders would then have owned 99 percent of TRS, which would change its name to Mega."

geek_waipawa, Nov 16, 8:29 pm
I'm no fan of KDC, but to be fair, this sort of carry on is common in the business world. If it is legal and advantageous, they do it without any ethical qualms.

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