“..Mark Hotchin yesterday implored investors in his Hanover and United Finance businesses to set aside their anger and decide on Allied Farmers’ proposed debt for equity swap on the deal’s merits.
At an investor briefing on the proposed $400 million transaction in Wellington yesterday, Hotchin, Hanover’s directors, and Allied Farmers directors fronted up to several hundred predominantly elderly investors.
One woman told Hotchin and his colleagues how Hanover had declined her request for early redemption of their investment early last year ..
.. after her husband had been diagnosed with blood cancer.
“We wrote a letter to Hanover directors begging and I have never begged in my life ..
.. begging to get our funds back to be able to get my husband to America to get a stem cell transplant, the only option ..
.. and you denied my request for that,” she said.
“How callous! You deserve to rot!”
go to source/story>>Hotchin: Put your anger aside – Business – NZ Herald News
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