A little over 13 months ago Mike Pohio sold Tainui’s stake in Ryman Healthcare for $58 million at approximately $2.58 per share. Today those shares are worth $3.62.
Take a quick look at the math:
August 14 2012, 22.5 million shares @ $3.62 equals $81,450,000.
Mike Pohio of Tainui Group Holdings lost $23 million of your money. Over a year, that’s the equivalent of losing a staggering $442,307 per week!
Mike is in a hurry to help the community, by the way!