Tuesday, December 6, 2011

"Porn king joins battle over gold explorer" (PNE.asx)

From The Australian:
PERTH porn king Malcolm Day and skimpies magnate Steve Zielinski are among the major shareholders behind a bitter struggle to seize control of listed explorer Paynes Find Gold, which is under fire over its high spending and generous salaries. 
 
Mr Day, the founder of listed Adultshop.com, and Mr Zielinski, the owner of Raunchy Promotions, are among dozens of investors backing fellow Perth businessman Carl Popal's push to install new directors at an extraordinary general meeting to be held on Friday.

The dissident shareholders claim the current board has wasted funds and failed to develop the company's lucrative gold tenements at Paynes Find, 420km northeast of Perth.

Mr Day is chairing a special committee to liaise with aggrieved shareholders. He owns more than 1.1 million shares with his socialite wife Bree, a former Penthouse Pet of the Year, through their company Goldshore Investments. He could not be reached for comment yesterday.

Mr Zielinski -- who last year beat insider-trading charges brought against him by the Australian Federal Police -- has about 1.45 million shares through his company S&CJ Pty Ltd....MORE
Previous posts in this series:
"We Must Study Porn to Defeat Al Qaeda" (PORN)
Entrepreneur Trades Sex for Solar
Mining: "Sex with Playboy model in bribe allegation"
"Clean Energy, China-Style: Sex, Cash and Stolen Technology" (AMSC)
KINKY NEWS NETWORK: CNN'S QUEST A VERY 'KNOTTY' BOY (Off-topic)
"MI5 is worried about sex...." (GS)
Sex.com; Match.com and Financing Solar
The Porn Shop Operators Strike Again: Harry & David files for bankruptcy

Stocks and Sex: A Socionomic View of Demographic Trends
Climateer Line of the Day: Oral Sex Edition
"When I see some of them looking for returns of 20 or 25 per cent, at a time when fellatio is close to zero, and in particular in a slump, that means we are destroying businesses,"
-Former French Justice Minister and current MEP Rachida Dati on foreign investment funds....