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RBC, RUBICON LIMITED
plastic
post Posted: Aug 20 2019, 04:03 PM
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Isn't this where the Stump to Pump project would come to the fore? If I recall, it was an Arborgen stump that was being converted to the pump. In which case, it puts a whole new light on Arborgen and RBC.

https://www.nzherald.co.nz/nz/news/article....jectid=12260020
QUOTE
Petrol prices: Motorists pay too much at pump says Commerce Commission




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What did Uncle Mel do to us?
 
plastic
post Posted: Aug 20 2019, 04:50 AM
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In Reply To: plastic's post @ Aug 15 2019, 06:59 PM

Eight working days left. Hughie must be hanging around for his payout. That he doesn't take shares in lieu as per the new guy, Lukie Luke and Sidekick tells us he doesn't see the money as being in Arborgen.



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What did Uncle Mel do to us?
 
plastic
post Posted: Aug 19 2019, 05:23 PM
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Ok. So the new director doesn't want cash. Wants shares instead. Which means, expect nothing until he's voted in. There should be the normal payout conditions in a change of control which occurs during an IPO, or a buyout or a PIPE. And Hughie remains.

I don't know if there is an Arborgen competitor out there but there should be. It will be interesting to know more about it if there is.
It appears to me we will have to wait until November and humbly and gratefully give our thanks.

We live in interesting times.




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What did Uncle Mel do to us?
 
plastic
post Posted: Aug 16 2019, 04:42 PM
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Nominations for directors closed today.

Nothing changed.

Hughie is still there. His replacement is already in the house. The share price is the same. And still no AGM agenda or Tenon capital return notice.

Wtf is Hughie still doing there? As the line in the famous movie said, go home HF.



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What did Uncle Mel do to us?
 
plastic
post Posted: Aug 15 2019, 06:59 PM
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In Reply To: plastic's post @ Jul 16 2019, 02:36 PM

No matter how liberal you wish to interpret the phrase, within the next month, we are now left with two weeks before the month referred to is over and one month has passed since the advice was given.

What is the problem they have I wonder.
Attached File(s)
Attached File  Tenon.jpg ( 35.61K ) Number of downloads: 1

 




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What did Uncle Mel do to us?
 
plastic
post Posted: Aug 14 2019, 07:41 AM
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Technically, the Golden Cross was about to form which is a trend reversal signal. But, with the trouble in the C-Suite it hasn't had the legs and continues down. I have a feeling a cliff edge might be very close to being fallen over.



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What did Uncle Mel do to us?
 


plastic
post Posted: Aug 13 2019, 06:17 AM
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QUOTE
Strange this guy is appointed just four days before nominations close and four weeks before the AGM where shareholders can vote on the nominations.


And just two weeks before the notice of meeting is released.



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What did Uncle Mel do to us?
 
plastic
post Posted: Aug 12 2019, 06:30 PM
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Strange this guy is appointed just four days before nominations close and four weeks before the AGM where shareholders can vote on the nominations. Stranger too is that he has absolutely no relevant experience with trees and forestry.

He meets the criteria for independence. That doesn't mean he is independent though. In NZ, that is usually a euphemism for a yes man.

If NZ can't find someone who knows something about trees then there is something seriously wrong.

Tenon in liquidation from December 2017 and still not liquidated.

It is my guess, there is something seriously wrong at RBC.



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What did Uncle Mel do to us?
 
plastic
post Posted: Aug 12 2019, 08:38 AM
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So the director count goes up to eight! For a dog company like this. Hughie still there even though his replacement has arrived.

So they weren't bluffing on the new director but if the only asset is Arborgen which has a future only in the US, why aren't they appointing directors to it instead of RBC. Especially when RBC shareholders have no legal recourse or claim to Arborgen assets.

Hughie said he is gone by the AGM. That's now just four weeks away unless they shift the date. Not long before we find out the big secret if there is one or if it is all a mega flop.

Tenon cap return still not made either. Got a feeling all is not well in the C-Suite.



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What did Uncle Mel do to us?
 
plastic
post Posted: Aug 10 2019, 07:17 PM
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It's time Hughie and his hand picked bunch of cronies like Lukie Luke realized their putrid brand of business style has seen its best days and move on.

I fear history will not be kind to a man whose legacy, given the privileged life, is mediocre at best if i am to be charitable.




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What did Uncle Mel do to us?
 
 


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