Sheppard mentions the beating Bridgecorp boss Rod Petricevic took after he turned up at a swanky restaurant and was told to get lost. Sheppard jokingly suggests that these finance company bosses all deserve a pummelling, but what he really would like to see is these guys being subject to ridicule:
But seriously, a bit of a whacking doesn't really hurt them that much. What will really hurt is causing these guys economic loss, public isolation and ridicule. Hey Hell Pizza, produce some more of those bill boards! And while you're at it, why don't you produce a Hanover Pizza? One with no toppings and just an outside crust with the middle missing.
Maybe you could offer one of these little dozeys in exchange for $1000 of first ranking debentures stock in Hanover? And if the deal with Allied Farmers goes though, one for every 100,000 Allied shares? With a bit of luck you could take the company over with your Hanover hole in the middle, no topping pizzas.
Perhaps KFC could introduce a chicken neck grill? Nice and healthy, no fat, no meat, lots of bones to gag on. Call it the Hot Hotchin. How about some chicken beaks mixed in the coleslaw? Call it the Watson Waldoff. Seriously, take the piss out of these guys. Have their names on everybody's lips, epitomise them as greedy, shallow guys who strip out all value and leave the plate bare.Sheppard is now promising a naming and shaming of those who have contributed to the Hanover situation:
My next blog was going to be a list of the people Watson and Hotchin have had working for them and who presumably are happy to help them on their ways. Birds of a feather flock together. The challenge for those who have aided and abetted this travesty is to confess the crimes and go to the regulators and deal to their master. If they don't want to do that, then start vilifying them too. Names and addresses shortly.
However, my next blog will instead be on Mark Cooper and his allegations of fraud against Hanover. My review of his files does not indicate fraud. But if investors do have remedies against Hanover directors personally, those remedies will be lost if they vote for the Allied deal.Sheppard is probably right to attack the Allied deal. I'm no high roller or slick corporate, but the plan to acquire Hanover sounds like a really really dumb thing to do. Still, it is almost Christmas, so what better time to buy a turkey?
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