Well they are taking their bloody time about it. But finally The Warehouse Group Ltd [WHS.NZX] are selling their financial services unit.
They shouldn't have bought it in the first place.
Seeing they are doing this and it is going to take "4-5 weeks" the rest of what they need to do to stop their ship from sinking will probably take 2 -3 years. They simply don't have this luxury of time.
But they cant see this.
As a result I ditched my meagre holding of 100 shares for $2.28.
It was only meant as a means to cause trouble but I don't wanna do that anymore.
So I'm gone.
The Warehouse will be history as well, Foodstuffs have written down their shareholding to zero. I suspect the other major shareholders have as well.
You too?
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