Rubicon

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[whatsup]

I'm still trying to go through the numbers - but notice this gem form last year isn't in this years report "Were it trading at book value, it (i.e. Arborgen/RBC) would be (worth) circa NZ 40c. "

That has always been recognised, but legacy issues have held it back, Q is when will that change ?.

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[SilverBack]

Excellent news; "Rubicon announced today that Hugh Fletcher has advised the Company of his intention to retire as a director of Rubicon prior to the upcoming Annual Shareholders Meeting." Tiem to keep clearing out the dead wood and planting some new seedlings

f
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.

[whatsup]

f
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.

So who should take over who ?

[iceman]

f
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.

Agree. This seems to be a completely pointless double up of overheads. Arborgen is all we need. Could it not just takeover Rubicon ?

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[SilverBack]

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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