Bob LeFridge :tinoflag: on nostr

Bob LeFridge :tinoflag: @Bob LeFridge :tinoflag: 1779747904

Update: Almost 12 months have passed since the Environment Court ordered Samnic directors to clean up their Gisborne forestry mess.

Remember the 80 or so investors who each lost $50k after being promised a $1m return? Well the three Samnic directors think those people should pick up the bill for their mismanagement.

Shareholders are saying "Nah!"

Enforcement seems to be a slow process.

https://www.stuff.co.nz/nz-news/360981807/directors-gun-forestry-clean-demand-payment-shareholders

#Samnic #NZ #Environment #Forestry

cameraobscura · 3w

nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpqxw2mexzsxusn4qkglfjwjrrpgv4dn05h06ennrw3w3vnjjr4765qqfwj33 Apparently the directors are a bit slow on the uptake: 'Samnic is now finally in a position to understand what is required moving forward.' Such unlucky timing, tho - 'Samnic’s directo...

Phil Stevens :tinoflag: · 3w

nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpqxw2mexzsxusn4qkglfjwjrrpgv4dn05h06ennrw3w3vnjjr4765qqfwj33 Meanwhile, top grade commercially produced biochar is fetching $1200 per cubic metre and removal credits on international voluntary markets are worth $300 per tonne.

Philip (is looking for work) · 3w

nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpqxw2mexzsxusn4qkglfjwjrrpgv4dn05h06ennrw3w3vnjjr4765qqfwj33 "complying with the order would make them bankrupt." Sounds like FAFO to me...