Seems quite strange that RBC have been quite vocal re IPO since before last failed attempt, as if they were pulling all the strings....but now not so. Or maybe I was reading it wrong all the time.
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NBR has headline on RBC meeting - Rubicon holds on to Tenon cash with the byline : "Annual meeting excludes NBR after CEO seeks to suppress reporting of certain comments".
So with yours truly reporting, you are now more aware of what was said at the meeting.
Written by Tim Hunter who wrote a scathing article on the ArborGen court case and vilified Luke Moriarty because of it, then remained very silent when the case was effectively dismissed.
He's an Arse IMO and I'm glad the meeting booted out the media.
I don't know why Moriarty didn't ask them to leave when he first asked if there were any media present. He said he was fearful of negative reporting if he did, but he has only ever had negative reporting from the NBR so why worry?
Tenon has good lift, but no spin off for Rubicon, even with $42m+ due
I presume that the Top Dogs in TEN and RBC aren't to worried about the share price not going up as they have foot in both doors.They win whatever.
Latest Tenon announcement about purchase of assets and company wind up can only be good for RBC shareholders. If the focus then is completely on ArborGen, the RBC share price should finally get some traction.
https://www.nzx.com/companies/TEN/announcements/294889
Well, looks like sale could be on its*way.