NZ wine company makes crowd funding record

A wine company has set a new record by becoming the first New Zealand company to raise $2 million through crowd funding.

Invivo wines launched a campaign 11 days ago asking the New Zealand public to become shareholders in their company through crowd funding.

Under New Zealand legislation the maximum that can be raised through crowd funding is $2 million.

It only took the company two weeks before that total was reached and over 400 new shareholders were gained.

"It's very exciting times," says Invivo wines co-founder Tim Lightbourne.

"We look forward to meeting and working with our new 439 shareholders in the future."

"A lot of work has gone into preparing the offer and spreading the word around the country and we're glad it's paid off."

Invivo wines already has some famous names among their shareholders, with Graham Norton supporting their company by drinking Invivo wine on his show every week.

Where does the investment come from?

48% of investment came from the Auckland region.

49.2% of investment came from other New Zealand regions.

The remaining 2.8% was from international investors (Germany, US, Australia, Canada, UK).

A New Zealand wine company with British comedian Graham Norton’s seal of approval is looking for more support. Source: 1 NEWS


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Teina Pora eyes compo after retrial wiped

Teina Pora's battle with the law is finally over, and his attention is now turning to the matter of compensation.

The 39-year-old's convictions for the 1992 rape and murder of South Auckland woman Susan Burdett were quashed a month ago. Now the Privy Council in London has recommended he doesn't face a retrial.

Teina Pora gathered with friends the night he learned his convictions were quashed a month ago.

With the prospect of a retrial, he remained on tenterhooks - but no longer.

Mr Pora told his friend Steve Hodge the news this morning.

"I got a phone call early this morning and he said 'can you ring me urgently'. I thought 'oh God'. But it was all good news. And yeah, he was very happy. I think he'd been crying," Mr Hodge told ONE News.

Mr Pora's lawyer, Jonathan Krebs, says his client appreciates that this marks the end of his connection with the justice system over "this horrible crime".

Mr Pora was twice convicted for the rape and murder of Susan Burdett. But his defence team argued to the Privy Council that a confession he made to police was false. 

The Privy Council threw out the convictions and sought submissions from the Crown and defence as to whether he should be re-tried.

The Crown says when it considered Mr Pora had already spent more than 20 years in prison and was on parole at the time his appeal to the Privy Council was granted, it decided it wasn't in the public's interest to push for a retrial.

Now an innocent man, he's eyeing compensation for those two decades spent behind bars.

"You can imagine after all that time struggling to find somewhere to live, you're damn right compensation is on the agenda," Mr Hodge says.

Mr Krebs says compensation will be discussed later. "In time we'll talk to Teina about his wishes in that regard and then we'll move through the appropriate channels."

In 2001, David Dougherty received more than $800,000 compensation after a wrongful conviction saw him spend three years in prison.

One law expert, law professor Bill Hodge, says there's no set formula for assessing any payout.

"We could be looking at the minimum, something like $2million, the maximum something like $20million," he says.

It's a difficult decision. Mr Pora would be the first seeking compensation for spending more than half his life in prison.

Tenia Pora’s attention has turned to compensation now the Privy Council has ruled he will not face a retrial for rape and murder. Source: 1 NEWS


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National must make deals or face 'oblivion' - Peters

Winston Peters' win in the Northland by-election means the Resource Management Act changes National had intended to push through are now dead in the water.

Prime Minister John Key now says National will go back to the drawing board on the proposed changes, as it can no longer get the support needed.

National now holds only 59 seats in Parliament following Mr Peters' win, and it will need the cooperation of the Act Party, plus either United Future or the Maori Party to pass legislation.

Mr Peters said the Government will now have no choice but to play ball and make deals.

"The Government cannot afford to ignore this result," he said.

"If the Government thinks it's going to play cute here and say 'to hell with you', then they are going to be on their way to oblivion themselves."

Act leader David Seymour was comfortable the National Party was aware of the new conditions on the political playing field.

"Do I need to march up to John Key's office and say I'm more important now? No I don't.

"We've just negotiated significant improvements in the Immigration Bill [and] we continue to work on partnership schools.

"What really matters to New Zealanders is reforming the RMA and unless they play ball on that they don't have much to offer New Zealand."

Maori Party co-leader Marama Fox agreed her party was now in a much stronger position, but in saying that, it had a good agreement in place with National.

"It's about protecting our whenua for our children and grandchildren ... yes RMA has economic benefits but not at the expense of the environment."

"I think if we can get an advantage through Winston winning his seat then that's got to be an advantage and we're also open to talking with him about what we can do together possibly," she said.

"We'll be watching this space carefully."

United Future leader Peter Dunne said he was happy with his current deal with National.

The NZ First leader confirmed he’ll now resign as a list MP to become the elected Member of Parliament for Northland. Source: 1 NEWS


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