boobybec Posted May 23, 2020 Share Posted May 23, 2020 On 22/05/2020 at 9:24 AM, Brodie said: Booby, your perogative to support a government that has no idea of how they can get NZ out of the shite! Watch this space as people will realise that Brodie and Chief are correct! Watch as the blind see people around them lose their business or their jobs unnecessarily, I probably won’t be having a go for a week or two until their is some recent form, as the most recent form is not relevant! Keep safe! Couldn't resist having one more crack at Princess Jacinda. She can walk on water, most of NZ know this apart from white, older men who feel hard done by because they can't increase their wealth. Having the attitude "the country's fucked but I'm alright" mentality Make no mistake NZ is a very poor country. Wages are terrible, and the price of living is horrendous. It doesn't matter who's in power, my children and your grand children are well on the back foot before they even start out. Back to racing can anyone tell me why they paid Greg O'Connor to be in the studio last week? completely unnecessary. PS How good is Get On, Richo is a real hottie 2 Quote Link to comment Share on other sites More sharing options...
hunterthepunter Posted May 23, 2020 Share Posted May 23, 2020 50 minutes ago, boobybec said: Couldn't resist having one more crack at Princess Jacinda. She can walk on water, most of NZ know this apart from white, older men who feel hard done by because they can't increase their wealth. Having the attitude "the country's fucked but I'm alright" mentality Make no mistake NZ is a very poor country. Wages are terrible, and the price of living is horrendous. It doesn't matter who's in power, my children and your grand children are well on the back foot before they even start out. Back to racing can anyone tell me why they paid Greg O'Connor to be in the studio last week? completely unnecessary. PS How good is Get On, Richo is a real hottie booby I think they calling your princess taxcinda now 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 23, 2020 Share Posted May 23, 2020 (edited) 11 hours ago, boobybec said: Couldn't resist having one more crack at Princess Jacinda. She can walk on water, most of NZ know this apart from white, older men who feel hard done by because they can't increase their wealth. Having the attitude "the country's fucked but I'm alright" mentality Make no mistake NZ is a very poor country. Wages are terrible, and the price of living is horrendous. It doesn't matter who's in power, my children and your grand children are well on the back foot before they even start out. Back to racing can anyone tell me why they paid Greg O'Connor to be in the studio last week? completely unnecessary. PS How good is Get On, Richo is a real hottie Booby, Firstly, my kids haven’t got kids so not sure how Brodie has got grandkids? Secondly, have done rather nicely financially since Arden has been in control, not so much to the NZBTAB though. Thirdly, NZ ‘ers have a very good quality of life compared to most countries overseas. It will not be as good now due to the governments borrowing due toCovid19 virus which will need to be paid back . In Queenstown at the mo, seems quite a few people around but they say it is very quiet. Stacks of rental cars all parked up, supposedly one outfit has 100 for sale. Edited May 23, 2020 by Brodie Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted May 23, 2020 Author Share Posted May 23, 2020 8 hours ago, Brodie said: Stacks of rental cars all parked up, supposedly one outfit has 100 for sale Hertz has filed for bankruptcy. Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted May 23, 2020 Author Share Posted May 23, 2020 20 hours ago, boobybec said: Make no mistake NZ is a very poor country. Wages are terrible, and the price of living is horrendous. China needs you. 1 Quote Link to comment Share on other sites More sharing options...
boobybec Posted May 25, 2020 Share Posted May 25, 2020 On 24/05/2020 at 8:53 AM, Chief Stipe said: China needs you. I am blonde, but what is that meant to mean? 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted May 25, 2020 Author Share Posted May 25, 2020 1 minute ago, boobybec said: I am blonde, but what is that meant to mean? You obviously haven't travelled. Quote Link to comment Share on other sites More sharing options...
hunterthepunter Posted May 25, 2020 Share Posted May 25, 2020 2 minutes ago, Chief Stipe said: You obviously haven't travelled. she travels well on Friday nights in nelson lol 1 1 Quote Link to comment Share on other sites More sharing options...
JJ Flash Posted May 25, 2020 Share Posted May 25, 2020 On 21/05/2020 at 8:54 AM, Chief Stipe said: I bet you my last dollar (which is getting close under this current regime) that the recruitment of a new CEO is in a bit of trouble. Another task that RITA haven't delivered on. Probably so but as a result of not being to be able to actually meet candidates face to face or not having any suitable candidates. Greg Quote Link to comment Share on other sites More sharing options...
JJ Flash Posted May 25, 2020 Share Posted May 25, 2020 (edited) On 21/05/2020 at 8:56 AM, Brodie said: Greg, seem you are in the know, these Baboons that think they were worth $500k did what exactly in the day to warrant their salaries?... Do you want to bet about current RITA salaries , yes or no. Its quite simple really. Stop whinging about things that happened in the past that cant be reversed. You dont moan about the just departed CEO of HRNZ salary and work package. 300K plus,plus etc and that is no reflection on him from me.. Any chance you and others with some semblance of intelligence focusing on the future however bleak it looks. Whats HRNZ doing to promote its sport,5/8ths of F all from what ive seen in last few years Greg Edited May 25, 2020 by JJ Flash Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 25, 2020 Share Posted May 25, 2020 (edited) 14 minutes ago, JJ Flash said: Do you want to bet about current RITA salaries , yes or no. Its quite simple really. Stop whinging about things that happened in the past that cant be reversed. You dont moan about the just departed CEO of HRNZ salary and work package. 300K plus,plus etc and that is no reflection on him from me.. Any chance you and others with some semblance of intelligence focusing on the future however bleak it looks. Whats HRNZ doing to promote its sport,5/8ths of F all from what ive seen in last few years Greg Greg, surely people invested and interested in racing has every right to whinge about what the big wigs have done to their livelihood? Racing is effed and that is due to people being paid by the punters inNZ and yet there are still the same big wigs milking the industry and paid also by the NZ taxpayer! Greg, you seem to think you know what is going on at the TAB, who reason racing will have major difficulty in recovering ever! So the big wigs at the NZ TAB that were on 750k or $500k have had their salaries halved or better than that or are they still on the gravy train of the punters that remain? We have Already seen plenty of things taken off the punter but nothing from the big wigs, that have stuffed racing? Saville and co. Should be gone, as what have they contributed to racing in the last few years that has been positive? Nothing! If they were in the private sector they would all be gone!!!!! Edited May 25, 2020 by Brodie 1 Quote Link to comment Share on other sites More sharing options...
JJ Flash Posted May 25, 2020 Share Posted May 25, 2020 15 hours ago, Brodie said: So the big wigs at the NZ TAB that were on 750k or $500k have had their salaries halved or better than that or are they still on the gravy train of the punters that remain? You tell us , you are the one moaning about salaries without a clue as to what current salaries are. All you do is rabbit on about previous salaries and bag individuals. Tell us what you think the CEO of RITA/NZTAB should be on? 15 hours ago, Brodie said: Greg, you seem to think you know what is going on at the TAB, A lot of it is pure common sense. Costs have been cut as excess staff are let go.Venue numbers have been reduced and reset by the relevant codes so watch the balls up there as self interest will once again rule the roost. Look no further than the Southland comedy show re course allocation. I give RITA 8/10 thusfar for trying to carry out the impossible that being fixing decades of incompetence in a potential sunset industry. Greg Quote Link to comment Share on other sites More sharing options...
Rangatira Posted May 25, 2020 Share Posted May 25, 2020 On 22/05/2020 at 11:11 AM, Brodie said: Always on the money is “Brodie” not a factual thing west of the alps Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted May 25, 2020 Author Share Posted May 25, 2020 2 hours ago, JJ Flash said: You tell us , you are the one moaning about salaries without a clue as to what current salaries are. All you do is rabbit on about previous salaries and bag individuals. Tell us what you think the CEO of RITA/NZTAB should be on? We'd know if there was a half-yearly report. In my opinion the current CEO should be on zero salary. Two reasons - It took 10 months and an external factor (Covid-19) before anything was done. You could argue longer as he led the Ministerial Advisory Committee for the prior 8 months and he would have had full access to the NZRB accounts; He told us all that RITA was NOT insolvent - less than a week later the Racing Minister told us that unless he threw more money RITA's way in 3 days its creditors were pulling the pin. With regard to the insolvency question. As CEO he couldn't convince RITA's creditors that he had a plan to trade out of that position hence the Government stepping in. I spent a bit of time on Sunday reviewing the last Annual report published for the year 2018-2019. The current assets versus current liabilities was -$21m and they only had $10m left in the revolving credit facility from the bank. So at that point they were cash short of -$10m. One would have expected that that was enough for a CEO to act quickly preferably with an axe on the $61m in salaries. They were already getting behind on their payments when the RITA was created. The Equity position was stated as being a positive $21m - a long way from the heady days when they had $70m+ in reserves alone. Now that positive was actually not tangible. Why? Because $45m in equity was "Intangible Assets" comprised mostly of "customised software." Given the performance of the software to date one could argue that it was a liability not an asset! Presumably a lot of this customisation was on software that they don't actually own the core of. So what was the Equity position of RITA at 31 July 2019? MINUS $21m! The new board did nothing for 10 months to address the situation and I bet they used up all of their revolving credit facility so that Equity position would have worsened by at least another $10m. 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 26, 2020 Share Posted May 26, 2020 (edited) 4 hours ago, JJ Flash said: You tell us , you are the one moaning about salaries without a clue as to what current salaries are. All you do is rabbit on about previous salaries and bag individuals. Tell us what you think the CEO of RITA/NZTAB should be on? A lot of it is pure common sense. Costs have been cut as excess staff are let go.Venue numbers have been reduced and reset by the relevant codes so watch the balls up there as self interest will once again rule the roost. Look no further than the Southland comedy show re course allocation. I give RITA 8/10 thusfar for trying to carry out the impossible that being fixing decades of incompetence in a potential sunset industry. Greg Greg, I have not seen anything from RITA that has shown me that they have any idea on how to pull racing out of the shite!! You say that salaries have been cut back but from what I have heard on the grapevine, that the big wigs are still on massive salaries and we are seeing nothing for these! Seem you know, what are the big wigs salaries at RITA and the NZ TAB on? Reality is that the industry can not afford to be paying them and for what they do, don’t deserve them. The gravy train needs to be knocked on the head now, and no point you just saying they have been reduced, reduced to what ?? Edited May 26, 2020 by Brodie Quote Link to comment Share on other sites More sharing options...
JJ Flash Posted May 26, 2020 Share Posted May 26, 2020 38 minutes ago, Brodie said: Greg, I have not seen anything from RITA that has shown me that they have any idea on how to pull racing out of the shite!! You obviously blind or just cant accept you might have it all wrong in places. Head in the sand type stuff. Surely reducing operating costs to stop continuing losses must have registered with you??. If not there is no hope for you in terms of constructive discussion 41 minutes ago, Brodie said: Reality is that the industry can not afford to be paying them and for what they do, don’t deserve them. I never thought of you as a socialist/communist- work for nothing. Now your really talking shit Ill leave you to your own dream world on this stuff. Greg Quote Link to comment Share on other sites More sharing options...
Brodie Posted May 26, 2020 Share Posted May 26, 2020 1 hour ago, JJ Flash said: You obviously blind or just cant accept you might have it all wrong in places. Head in the sand type stuff. Surely reducing operating costs to stop continuing losses must have registered with you??. If not there is no hope for you in terms of constructive discussion I never thought of you as a socialist/communist- work for nothing. Now your really talking shit Ill leave you to your own dream world on this stuff. Greg Greg, I have been told by someone in the know that Dean is on very big money! Certainly not a communist at all, totally the opposite! What I believe in is that if people are going to be paid massive salaries at the taxpayer and punters expense, then show us why you deserve it, and at the moment we haven’t been shown anything! A large handout from the government of over $70million given and what is the plan to get racing out of the shite? Laying off staff is a way of course, but is it the answer, I doubt it! You are so knowledgeable Greg, how many of the big wigs that should’ve seen the mistake buying the betting platform was, are still employed in the racing industry, and how much have their salaries dropped?? I take it if you don’t come back with the information Greg, then it is a given that they are still there and on the big salaries still!!!! How you can defend incompetence that has caused so many jobs to be lost defies much logic! Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted May 26, 2020 Author Share Posted May 26, 2020 Given that the top 20 executives at RITA are there to make strategic decisions and it appears that the previous strategic decisions they and others made are locked in, then sack them. There is $10m in savings straight away. 1 Quote Link to comment Share on other sites More sharing options...
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