Smoke and mirrors cause Mega problem for backdoor listing

What will it take for the NZX and the Financial Markets Authority to red card the proposed backdoor listing of Mega Ltd, the file sharing company founded by Kim Dotcom?

As far as Shoeshine is concerned, Mega has no business touting itself as an investment opportunity for Joe public – at least not until it provides some proper transparency surrounding its current ownership and that of its listing vehicle TRS Investments.

Recent events, surely, raise enough red flags for the regulators to think twice about letting this company list on the stock exchange.

 

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