Pharmazen

[Sideshow Bob]

PAZ need a good hard kick up the rear end. Web site only has the 2023 Annual report on it. Its terribly out of date. Communication with shareholders is abysmal. Need a decent Board of Directs. Burt hasn't been seen for ages, McIntosh is too close to the business and poor decisions. Chen not really a heavy hitter.

So I'm hoping for a new investor who can actually take this company forward in a significant structure and managed way.

Absolutely - the level of communication is useless, as is the progress. Always excuses.

Any new investor is naturally going to want a large pound of flesh to put their money in, and will heavily dilute existing holders. They are also going to make some significant changes as status quo isn't working.

I wonder when we'll see a result? If Air NZ can get a result out before the end of February, surely these guys can manage it in March??

[Minimoke]

Absolutely - the level of communication is useless, as is the progress. Always excuses.

Any new investor is naturally going to want a large pound of flesh to put their money in, and will heavily dilute existing holders. They are also going to make some significant changes as status quo isn't working.

I wonder when we'll see a result? If Air NZ can get a result out before the end of February, surely these guys can manage it in March??

Ya dreaming mate! 5 June 2025 was when the let the market know there 2024 results. with $30m in sales there is no excuse for not having the report done by the end of February

[lorraina]

Those of us with long memories know of a number of companies that lived in "interesting times" and today are regarded as being " well positioned".
2CC,ATM,CHI,GEN,GFL [usx],SCL,SKL,SEK,TRA,and even EBO and MFT.
Whether PAZ can join them is the challenge facing PAZ's long term directors/shareholders Max Shepherd,Wayne Burt and Craig McIntosh,who with other long term shareholders The Patterson family, Ken Fergus and a few others hold just over 50% of the company...
I do not know whether they can or can not succeed.,but I do know they will be giving it their best shot.

[Minimoke]

How long do we have to have our trading activities restricted in this trading halt. Its been over a week now. Giving insiders the opportunity to shuffle the walnut shells.

Road out side Rolleston site now reopened. And it looks like the for for sale sign has bene refreshed.

[Sideshow Bob]

Certainly must have a good idea on the FY result that they must be all over?

Although they might be still counting the walnut shells. 

[Minimoke]

Certainly must have a good idea on the FY result that they must be all over?

Although they might be still counting the walnut shells. 

My money is them blaming the auditors again.

[Minimoke]

Trading stopped for 22 days now. Negotiations cant be going well. And still no financial results.

[Basil]

In my book companies make results or they make up excuses.  PAZ management are expert's at making up excuses.  I'd wager the war and its effects on the business will be the excuse they use next.  The key question is will their bankers continue to have patience if these negotiations fail ?

[Minimoke]

In my book companies make results or they make up excuses.  PAZ management are expert's at making up excuses.  I'd wager the war and its effects on the business will be the excuse they use next.  The key question is will their bankers continue to have patience if these negotiations fail ?

Even one of the biggest cot cases around (Synlait), managed to get their 31 January results out yesterday. And they had a complex $949m in revenue. gee - even their loss was greater than PAZ's revenue.

Sadly PAZ now just appears to be a plaything for its major shareholders.

[lorraina]

The current chairman is PAZ's largest shareholder.
The two other directors are PAZ's second and third largest shareholders.
I expect they have "the owners eye" and are working hard behind the scenes, in difficult times,to find a path ahead for PAZ.

[winner (n)]

The current chairman is PAZ's largest shareholder.
The two other directors are PAZ's second and third largest shareholders.
I expect they have "the owners eye" and are working hard behind the scenes, in difficult times,to find a path ahead for PAZ.

What's your 'owner's eye' think of current situation?

Back to their glory days one day maybe

[lorraina]

No I think if they can find capital their glory days are ahead of them
Excellent plant and equipment.
Excellent products .
Demand for traceable ingredients for human and pets is strong.
With capital there are a huge number of opportunities for them to expand their range of products.
Their capabilities include milling [bones for calcium] ,extraction [kril and mussell oil and blackcrrants] and freeze drying fruit and vegetable etc].
Capable of making use of any vegetable,fruit,animal [cows] or marine [fish or mussells].
Can even use waste of any of the above to produce first rate product up to pharmaceutical standards..
My major concern is someone like Mark Stewart,Talleys or Scales will take them over cheaply.

[winner (n)]

No I think if they can find capital their glory days are ahead of them
Excellent plant and equipment.
Excellent products .
Demand for traceable ingredients for human and pets is strong.
With capital there are a huge number of opportunities for them to expand their range of products.
Their capabilities include milling [bones for calcium] ,extraction [kril and mussell oil and blackcrrants] and freeze drying fruit and vegetable etc].
Capable of making use of any vegetable,fruit,animal [cows] or marine [fish or mussells].
Can even use waste of any of the above to produce first rate product up to pharmaceutical standards..
My major concern is someone like Mark Stewart,Talleys or Scales will take them over cheaply.

If they could produce stuff like this they'd be really profitable

https://www.animates.co.nz/dog/food/dry-food?filter.brand=Orijen

[lorraina]

https://www.bing.com/ck/a?!&&p=bb276a7992611cb7c8fcc32d0c986e8a529459730c3ebb73feaf1fa1ae8130ebJmltdHM9MTc3NDIyNDAwMA&ptn=3&ver=2&hsh=4&fclid=0652eaa1-2977-6f77-0ed4-fcd428c16e4d&u=a1aHR0cHM6Ly93d3cuYmluZy5jb20vYWxpbmsvbGluaz91cmw9aHR0cHMlM2ElMmYlMmZ3d3cud2FpdGFraWJpby5jb20lMmYmc291cmNlPXNlcnAtbG9jYWwmaD1keXFDMDlyOXIlMmZ6JTJiZDNONGs1VGFDRnhEN1AlMmJuSFRqN1hHZm5wekRJaXY4JTNkJnA9bHdfbWFnc21sJmlnPTE4RUE2NTg5QjhBNzRDQ0FCOUJCQTZEQzI1QzVDQ0EyJnlwaWQ9WU44MTM4eDk5OTAzOTY4MzA4NDk4Mzg0NzU

And for Winner 69;
https://www.waitakibio.com/functions/animal-nutrition

[BlackPeter]

No I think if they can find capital their glory days are ahead of them
Excellent plant and equipment.
Excellent products .
Demand for traceable ingredients for human and pets is strong.
With capital there are a huge number of opportunities for them to expand their range of products.
Their capabilities include milling [bones for calcium] ,extraction [kril and mussell oil and blackcrrants] and freeze drying fruit and vegetable etc].
Capable of making use of any vegetable,fruit,animal [cows] or marine [fish or mussells].
Can even use waste of any of the above to produce first rate product up to pharmaceutical standards..
My major concern is someone like Mark Stewart,Talleys or Scales will take them over cheaply.

Mhm. Just noticed that this is just another company trying to  make money based on some Otago University research.

Nothing wrong with that, though Pacific Edge sort of comes to  mind. And I am sure, there are many more companies like that living for decades from shareholder funds.

I see Pharmazen started in 2001 (hey, that's 25 years ago) and I doubt that longterm investors so far made a good deal. Question is - what changes do you see which might change this in the future?