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Thread: Rubicon

  1. #921
    Antiquated & irrational t.rexjr's Avatar
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    The CV sounds quite good when you leave off stomach stapling fraudster

  2. #922
    Legend minimoke's Avatar
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    Quote Originally Posted by t.rexjr View Post
    The CV sounds quite good when you leave off stomach stapling fraudster
    Are you angling for a job as prime minster. You are both as good at spotting competence and hiring based on sex and ethnicity.

    Not one mention of a climate change background. No degree study or work in the area. Heres what is says

    “Donna is a long-timeadvocate for the Treaty of Waitangi, a campaigner againstracism and a former Member of Parliament. She was also anearly advocate for the circular economy, representing NZ atthe Sustainable Business Conference in the Netherlands inthe early 2000’s.Donna represented the NZ MaoriCouncil, Maori Women’s Welfare League, NUMA, FOMA and TeWhanau o Waipareira Trust on the Appointments Boards for TeOhu Kaimoana and the Crown Forestry Rental Trust, and alsorepresented the NZ Maori Council on the UN Permanent Forumon Indigenous People2014-2017.

  3. #923
    Alley Cat Brain's Avatar
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    I think the Wikipaeda CV is worth reading.

    In 2003 Huata was expelled from the ACT party on allegations of fraud regarding the Pipi Foundation charity, which at the time was under investigation by the Serious Fraud Office.[3] Subsequently there were a series of legal battles around Huata's right to remain in parliament as an independent list MP. These culminated in one of the Supreme Court's first major decisions in 2004 and she was removed from Parliament,[4] giving the ACT Party a new MP, Kenneth Wang until the 2005 New Zealand Election.
    Huata was charged by the Serious Fraud Office and later convicted of fraud after taking $80,000 from the Pipi Foundation, a Government funded charity, she had set up as an MP in 1999. The media reported that "Some of the stolen money was used to pay for Awatere Huata's stomach stapling operation and some was used to pay state-integrated school fees for the couple's children."[5] On 30 September 2005, she was sentenced to 2 years 9 months in jail alongside her husband, Wi Huata, who received 2 years with the ability to apply for home detention. On 16 May 2006, she was released on home detention[6] and after her sentence was completed in February 2009, she was able to set up a correspondence teaching centre "The Learning Post".[7] In October 2010 another school she and her husband ran was forced to go into liquidation owing large sums of money. NZQA said that many of the courses were inadequately supported.[8] The school had only 15 pupils.[9]

  4. #924
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    Headlines from paywalled article from NBR today...

    Cross words at Rubicon AGM....

  5. #925
    Outside thinking.
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    Quote Originally Posted by sb9 View Post
    Headlines from paywalled article from NBR today...

    Cross words at Rubicon AGM....
    Have read, and largely agree with the concerns raised (as seemingly does NZSA.)

    Concerns raised ;
    - Hugh Fletcher's possible related party transaction concerning the sale of a Tenon/Rubicon owned Taupo based timber processor Clearwood the details of which have never been released
    - Overly obtuse annual reports
    - Rubicons 'wretched' share performance and contrastingly generous payment for its CEO and incoming directors
    - Dubious and possibly biased selections of new USA based directors.

    One can only hope the concerns will penetrate the thick skins of this Board in the months ahead and that RBC will start delivering.

  6. #926
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    Quote Originally Posted by Left field View Post
    Have read, and largely agree with the concerns raised (as seemingly does NZSA.)

    Concerns raised ;
    - Hugh Fletcher's possible related party transaction concerning the sale of a Tenon/Rubicon owned Taupo based timber processor Clearwood the details of which have never been released
    - Overly obtuse annual reports
    - Rubicons 'wretched' share performance and contrastingly generous payment for its CEO and incoming directors
    - Dubious and possibly biased selections of new USA based directors.

    One can only hope the concerns will penetrate the thick skins of this Board in the months ahead and that RBC will start delivering.
    Thanks for the snippets lf, much appreciated.

  7. #927
    Guru Xerof's Avatar
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    The AGM has passed and our crusader against snouts in the trough is not to be heard from. Sold out eh Balance, or given up pig hunting?

  8. #928
    Legend Balance's Avatar
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    Quote Originally Posted by Xerof View Post
    The AGM has passed and our crusader against snouts in the trough is not to be heard from. Sold out eh Balance, or given up pig hunting?
    Still here and taking the view that :

    1. RBC is definitely now on the right path towards realization of value (after years and years of cash burn),

    2. Never been a better alignment of interests in the main between the big shareholders/directors and other shareholders to realize that value,

    3. $850k is fair enough compensation (even if all paid out) when we consider what's at stake for the directors to move RBC along (heck, that Derek Handley was going to get paid $400k plus expenses etc for the CTO position!).

    What could go wrong is that the directors prove to be incompetent and incapable - a possibility but one which is well balanced against the real skin they have got in the game.

    D M Knott - 115.6m shares - 28.25% of RBC.

    R Tandon - 86.11m shares - 17.65% of RBC.
    Last edited by Balance; 26-09-2018 at 07:09 AM.

  9. #929
    Legend Balance's Avatar
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    Quote Originally Posted by t.rexjr View Post
    A worthwhile read. Thank you. Link below.

    https://www.edisoninvestmentresearch.com/research/report/rubicon988683/preview/


    In depth analysis by actual humans...
    Never take Edison seriously - they are simply regurgitating what the company tells them so read the report for infor and as a guide to what the directors and management are thinking.

    Assess for yourself the credibility of management and directors in what they are saying about the company and take it from there.

    With PEB, CRP, Snakk etc - directors have zero credibility so the reports are well and truly a total waste of $, time and paper.

    https://www.sharetrader.co.nz/showth...ighlight=tenon

    I did rely on Edison's infor on Tenon to invest in a few more and history showed that Edison was actually conservative in its valuation!

    Reality is that Tenon was a good play on the US housing recovery which was clearly there for anyone who cared to research at that time.
    Last edited by Balance; 26-09-2018 at 07:34 AM.

  10. #930
    Guru Xerof's Avatar
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    Thanks for your reply and thoughts Balance, appreciated.

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