I starting to get rather concerned regarding NHE management in regards to the consolidation and there handling of the options offer. Entitlement date for Option offer 12 April 2006
Closing Date for oprtions offer 24th April 2006
It is now the 17th of April and it seems not one has recieved any forms to return regarding the 6 for 1 option offer, it seem to me management is dodgy and has planed this bang right in the middle of the easter holidays. What concerned me the most is management isnt responding to emails, and there fax is full time engaged it seems??.
There now is only 4 "working" days until the closing date for the option offer, not enough time to recieve and post back the acceptance forms in time especially if you live in NZ.
Those forced to hold NHEOA , due to not being given the option conversion forms and information in a timely manner if ever..stand to lose all their money should they not be able to exercise their options come june 30th as it unlikely the strike price will be reached in time.
Ofcourse the company stands to benefit due to option holders being forced to exercise before june 30th or lose there money. And where does that exercised money go... yep
ASX, computershare and my broker cant seem to help and just suggest contacting the company.. hmmm i hope i can tomorrow.
Anyone else in the situation or have been in the past with other companies?
Why havent we recieved the needed forms??
Can anyone shine some light on this?
cheers
AA
NHE Price at posting:
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