Asset sales disruption: Mighty River Power Share Seminar Disrupted at Casino

Mighty River People's Power have disrupted a seminar about the privatisation of Mighty River Power.

The seminar was hosted today by 'investment advisers' Forsyth Barr at the Hamilton Casino's Rebo Bar.

The seminar confirmed fears that privatisation is not about 'mum and dad' investors. Of the 80 attendees only four were under 60, and three of those were protestors from the group.

'We obtained some useful information that we will circulate to political parties,' says spokesperson Alvina Edwards.

'We disrupted the meeting and handed out blood money. But only after we took in the 'insider trading' aspect of the sales.'

When the meeting was disrupted by Mighty River People's Power, the group of older Hamiltonians was urged to think of their parents and grandparents who built the dams on the Waikato River.

'We implored the group to consider that majority of NZers who oppose the asset sales, and to join us in our opposition - no sale!'

The group disrupted the meeting for ten minutes and engaged directly with potential investors.

'This is a critical way for us to engage with older NZers to stop these sales.'

Other features of the Forsyth Barr presentation

• Forsyth Barr indicates that if Maori delay the sales in September the sales are not likely to happen in 2012.
• Forsyth Barr presenting that the sale price will not be known until after shares are allocated.
• free casino parking vouchers (paid for by the taxpayer through cash set aside to facilitate the sales?)
• an absence of non-white faces at the presentation.
• the spectre of intergenerational theft (it is becoming clear that the sale will enable older NZers to cash in on the inheritance of their children and grandchildren).
• 'market fundamentals are looking sound with a favourable outlook of returns of 10 to 20%'

ENDS

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