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New Zealand Beekeeping Forums
Bees in the Media
Manuka honey company sold for $36m
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<blockquote data-quote="Alastair" data-source="post: 11001" data-attributes="member: 13"><p>Thanks for updating on this Br. Adamson.</p><p></p><p>Looks like everything I said in the thread has proved correct and the company directors have now acknowledged the company is worth far less than what they paid for it.</p><p></p><p>They are also in a loss making situation with sheds full of honey they can't sell, and are appealing to their share holders to put in more money. When share holders are asked for money to finance planned growth it's usually a good thing. When share holders are asked for money to prop up a loss making operation it is often the start of a downwards spiral.</p><p></p><p>In my view this was completely obvious at the time, however I see this type of blinkered thinking in the corporate world all the time, I sometimes wonder how these people with QUOTE - "<em>Look at the backgrounds of the 'Me Today' directors? There is brand and business success written all over it</em>", how these supposed experts cannot see the obvious.</p><p></p><p>I'm sad for them but I think they walked into this company wearing rose tinted glasses and completely ignored some blatant warning signs, that were obvious to most beekeepers "on the ground".</p></blockquote><p></p>
[QUOTE="Alastair, post: 11001, member: 13"] Thanks for updating on this Br. Adamson. Looks like everything I said in the thread has proved correct and the company directors have now acknowledged the company is worth far less than what they paid for it. They are also in a loss making situation with sheds full of honey they can't sell, and are appealing to their share holders to put in more money. When share holders are asked for money to finance planned growth it's usually a good thing. When share holders are asked for money to prop up a loss making operation it is often the start of a downwards spiral. In my view this was completely obvious at the time, however I see this type of blinkered thinking in the corporate world all the time, I sometimes wonder how these people with QUOTE - "[I]Look at the backgrounds of the 'Me Today' directors? There is brand and business success written all over it[/I]", how these supposed experts cannot see the obvious. I'm sad for them but I think they walked into this company wearing rose tinted glasses and completely ignored some blatant warning signs, that were obvious to most beekeepers "on the ground". [/QUOTE]
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Bees in the Media
Manuka honey company sold for $36m
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