Rubicon

[whatsup]

Lefty, WHAT FOR ?

[Leftfield]

29 March 2019 - Rubicon announced today that its CEO (Luke Moriarty) and CFO
(Mark Taylor), have departed the Company, and that all parties had amicably
agreed a settlement in relation to the finalisation of their roles. Rubicon
has agreed to make to Messrs Moriarty and Taylor (in the aggregate) a cash
payment of NZ$100,000 and an allotment of nine million Rubicon ordinary
shares. Four million of these new shares are to be issued on 1 April 2019,
with the balance of the issuance and allotment to be completed by 1 April
2022.

Lefty, WHAT FOR ?

Exactly! Maybe others know what this is about???.... all I can say is that I lose faith in a company when it starts blindsiding me with 'bad news.'

[minimoke]

..........

[dubya]

Its good news - suggests a thinning of the branches. In Feb they appointed Alex Brown as CFO. They wouldn't have amicable accepted shares if they didn't see longer term value in them.

Yeah I agree.

[minimoke]

..........

[Leftfield]

$1 a share by 1 April 2022!

Great, that gives me heaps of time to buy in when the good news starts flowing.

[dubya]

$1 a share by 1 April 2022!

Oooooh .... not sure if I agree with you on that one lol. Sure hope so though. If it gets to a buck by then I can see one of the Sharetrader Christchurch get togethers being a real rough night!!!!

[mikeybycrikey]

$1 a share by 1 April 2022!

If you changed that to "$1 a share within 3 years", it would probably work any time in the last 10 years. It's always just around the corner.

[biker]

I see it as a positive that they have only taken 100k cash total (70/30?) out of the company and the rest in shares.
Moriarty and Taylor know the potential of Arbogen.
They also know that there is is no market for their shares at current levels.
A good indication IMO that they see plenty of upside in Rubicon over the next 3 years.

Disc. Have been the holder of a lot of RBC for a long time and at this point in time there is no merit in that.

[SilverBack]

Now the company raises $772,000 less fees with a placement. Sounds like money to cover administration plus Moriarty/Taylor payouts. Since RBC has no trading revenue other than through Aborgen, I hope this is not the way of the future.