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Agreed. Without wishing to diminish Hugh's contributions over the years, we need new blood. In fact, why do we need Rubicon at all? Why not just Arborgen with ADRs listed in NZ? Two sets of directors and two company structures for the same business makes no sense, although I suspect there are some parties apart from the independent directors and officers who stand to benefit.
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Consolidation into Arborgen means that you end up a shareholder in a US registered company. Hence, need to list Arborgen in the US but retain listing in NZ. NZ shareholder protection would be diminished and could end up without any NZ director. In US terms Arborgen is a pretty small company and so what exchange would it list on?
Guess, I do not mind what approach is taken provided I can get out with a reasonable return on my investment. Some way still to go for that to happen.
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