ANALYSIS: Why do shareholders appoint a patsy to their boards just before their companies fail?
Buller Electricity's takeover offer valuing Pulse Energy at a little over $42 million is now a fait accompli, with Buller having moved to the compulsory acquisition stage.
You could say 2015 was a year that promised much but failed to deliver.
It's one thing to be left with a tonne of shares you don't want but it can be equally frustrating to come up short when you do want a piece of the action.
They say in lobbyland that most often it's the squeaky wheel that gets the oil.
Looking back now, it's clear that Trilogy had turned the corner in 2014. But few would have picked what was to come.
Shareholders in Coats Group, formerly GPG, have another important decision to make.
Most people who bought shares in Air NZ when the government sold down its stake almost exactly two years ago would be pleased they did.
It's no secret now that most of PGC's disclosure issues stem from Torchlight.
Few companies listed on the NZX can display such consistent performance growth and returns to shareholders in recent times as Ebos Group.