Rubicon

[mfd]

The 7% rate seems a little excessive given the annual report shows the company can borrow at 5%, and it's only a couple of mill they needed to find. Slightly tarnishes some good news, an extra million in earnings and cashflow will be pretty handy. Just about covers the excessive directors fees.

[sb9]

so the directors and certain other parties are lending 20% of the amount themselves and getting 7% back. Pretty outrageous in the current low interest environment.

One word sums it up "daylight robbery", very inept board. Glad to be out of this at beginning of this year.

[Xerof]

One word sums it up "daylight robbery"

That's 2 words

The loan is subordinated behind all other debt, so higher risk requires higher rate of interest. 7% is not all that bad for that sort of borrowing. Bringing the building onto the Balance Sheet might also open up possibilities in the (near) future. Remember they have been giving the house a spring clean, with only one or two options in mind. The accumulator is still lurking btw, and the algobot is doing a good job with the lack of real liquidity, to walk the price down. Balance might like to provide a cryptic update if he has the inclination. I know nothing more than the next guy, but the price appears to be going in the opposite direction to the underlying activity, which always raises my suspicions of naughty behaviour behind the scenes

[Balance]

That's 2 words

The loan is subordinated behind all other debt, so higher risk requires higher rate of interest. 7% is not all that bad for that sort of borrowing. Bringing the building onto the Balance Sheet might also open up possibilities in the (near) future. Remember they have been giving the house a spring clean, with only one or two options in mind. The accumulator is still lurking btw, and the algobot is doing a good job with the lack of real liquidity, to walk the price down. Balance might like to provide a cryptic update if he has the inclination. I know nothing more than the next guy, but the price appears to be going in the opposite direction to the underlying activity, which always raises my suspicions of naughty behaviour behind the scenes

Squeezing Luke & Mark out of their 'ill-gotten' compensatory 4m shares plus their 4.5m shares they held before they left the company?

Seems fairly obvious to me that there are a couple of sellers and volumes done to date (since 4m shares issued) mean it will be a while before the sellers (whoever they are) get out.

The big boys who were selling left the scene at 19c.

[ari]

Is there now a larger opening fo Arborgen in Sth America, or will it be turned into farm land?

[percy]

Trump golf courses.!

[ari]

Not looking good for Arborgen HQ in Sth Carolina with evacuation order given.....

[Well Endowed]

Anyone have any idea on potential insurance should the Hurricane hit them? Presumably structures would be insured, but guessing plant stock wouldn't be?

[Leftfield]

Not looking good for Arborgen HQ in Sth Carolina with evacuation order given.....

Storm also gathering over the AGM.

NZSA opposed to latest attempt to increase pay and shares for Mr Adams (Director.) "Rubicon a serial destroyer of Shareholder value," they say.

"If the share offer is approved, the proposed remuneration for Mr Adams will total NZ$137,127. This will be made up of NZ$62,500 in cash remuneration, NZ$50,000 in share-based remuneration and NZ$24,627 of tax paid by Rubicon on behalf of Mr Adams for the share-based component of his package. This is an excessive amount given that Rubicon has a market capitalisation of only NZ$89m, is not profitable, does not pay dividends and has been a serial destroyer of shareholder value."

[winner69]

That Mr Adams could impart some of his learnings from Cavalier (Deputy Chair) which could help Arborgen/Rubicon