Warning: If you put money into Rural Portfolio Investments or its financing arm Rural Portfolio Capital, you’re unlikely to get your investment back.

That’s the latest word from the receiver appointed to the two troubled firms run by rural entrepreneur Craig Norgate, who half-owns the companies.

Rural Portfolio Investments was formed to buy into Wrightsons and acquired 50%. That dipped to 30% when Wrightsons merged with Pine Gould Guinness. It was further diluted when PGG Wrightson issued more shares and others were sold to pay debt.

Meantime it’s reported Craig Norgate, who sits on the boards of 7 companies, and was key to the creation of Fonterra and PGG Wrightson, may  be headed overseas. In an interview with Country99TV, he refused to be drawn on his future movements. He offered his apologies to the 1400 investors.

Market analyst Arthur Lim says it would be a shame to see Craig Norgate’s energy lost to the country.