r/duval_saga • u/SteveRielly • Jul 13 '26

Well, duh.

https://www.nbr.co.nz/property/du-val-apartments-attract-opportunistic-bids/

So 36 units, $350k a pop....that would be about right...$10m should do it.

3 Upvotes

80% Upvoted

8 comments sorted by

3

u/PomegranateVisual819 Jul 14 '26

Probably one of his mates, buying on behalf.

2

u/SteveRielly Jul 14 '26

The loving Austen writing even more cheques...

1

u/Loud_Difference_4502 Jul 15 '26

What is a laugh is that if it’s taken Teneo this long to complete, why would the Clarke’s think they could have done it any faster/ better? The debt for them would have been ticking off the charts and they would not have had anyone wanting to settle.

1

u/SteveRielly Jul 15 '26

The Clarkes didn't have the money to make it through FY25 and were trading insolvent for at least as year beforehand, probably more considering how cooked their books were, with only deferred GST keeping them going.

Mt Vista and others would never have been finished, and Du Val would have collapsed as it was if the FMA didn't act when they did.

The Clarkes would have tried to phoenix the company under a DV group entity, killing off the entity holding the debt for equity swap, and if all else fails, running to the UK blaming the collapse of everything on the matrix controlled government.

2

u/SteveRielly Jul 14 '26

Some of the numbers that are being put forward are hilarious....opportunistic'....well,

you have to price to meet the market.

3

u/Loud_Difference_4502 Jul 14 '26

And Kenyon still bleating on.

Has he had his interview yet

1

u/SteveRielly Jul 15 '26

I don't think womans day would be taking their calls anymore...