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RBC, RUBICON LIMITED
plastic
post Posted: Jul 9 2021, 01:49 PM
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In Reply To: plastic's post @ Jul 9 2021, 11:12 AM

QUOTE
That means the earliest, we can expect the MBO motion is early September due to the two week notice provision.


Should read latest. Earliest is middle of August if the two week rule applies.



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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 9 2021, 11:12 AM
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On June 21, nominations for directors were closed off. Then they announce a takeover bid occurred but didn't divulge details. Instead Junior says they will conduct a strategic review. In the meantime, Dimon n Co. have been pulling their Harry Houdini tricks. Fair to surmise the takeover party is Dimon n Co.

AGM notice is not forthcoming. But as far as director nominations are concerned, the AGM cannot be held sooner than two months after the closing date for director nominations and no later than three months.

That means the earliest, we can expect the MBO motion is early September due to the two week notice provision.

So, settle in and watch the Olympics because not much is going to happen in the meantime.



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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 8 2021, 07:59 PM
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From the NZ Companies Act. Target month is September at the latest. Most likely August. Just like the HK dairy company I follow said it would be.

Company's constitution probably requires a two week notice period.

QUOTE
The board of a company must call an annual meeting of shareholders to be heldó
(a)
not later than 6 months after the balance date of the company; and
(b)
not later than 15 months after the previous annual meeting.




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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 7 2021, 02:43 AM
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No AGM notice yet. Nearly two weeks late compared to last year.

Will shareholders be asked to vote on the MBO as part of the "strategic review"? Dad's holding won't be able to be voted since they will be a related party.

The longer it goes on for, the more it looks like trouble at mill.



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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 1 2021, 03:03 PM
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Apparently its on Jamie Dimon's playist.
https://www.youtube.com/watch?v=TMCthi3pFEQ




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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 1 2021, 11:08 AM
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The JP Morgan Hokey Cokey dance has begun again.



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What did Uncle Mel do to us?
 


plastic
post Posted: Jun 30 2021, 01:19 PM
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Isaac Newton said, for every one action there's a re-action.

Is ARB gonna be NZs GME stock?

Junior might find out Dad and his drinking pals don't always get it right.



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What did Uncle Mel do to us?
 
plastic
post Posted: Jun 30 2021, 09:27 AM
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Where's Graeme Hart? He once owned Carter Holt Harvey and I believe he contributed to Arborgen's cloning processes through IP and the seedling enterprise in Te Teko.

Bet he didn't do it for nothing or no reason.




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What did Uncle Mel do to us?
 
plastic
post Posted: Jun 30 2021, 08:56 AM
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Wouldn't be at all surprised if we see a return of Mr. Perry. Pulling the same tricks he did when Gibbs and Brierley were on the register with GPG.
The margin bit might explain the price appreciation.

QUOTE
Rehypothecation happens if a customer leaves a number of securities with a broker as a deposit, most often in a margin account, and the broker then uses the securities as a pledge for the margin on his own margin account or as backing for a loan.


From the announcement. Wouldn't mind betting its the limited partner trust that involved Tenon and some people may've had a conflict of interest at the time.

QUOTE
30 June 2021 - Global advanced genetics seedling company, ArborGen Holdings
Limited (NZX:ARB) (ArborGen or the Company) advises that the Company has
received a confidential, non-binding, indicative, incomplete and highly
conditional proposal from a credible third party to acquire all of the shares
in, or assets of, ArborGen by way of a scheme of arrangement or other
alternative acquisition structure (the Proposal)




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What did Uncle Mel do to us?
 
plastic
post Posted: Jun 30 2021, 08:19 AM
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We have movement. JP Morgan makes a reappearance, as does Citibank along side that word rehypothecation and a strategic review is underway. Do you think that might include a MBO?

So much for the twin company strategy where all the shareholders are locked out of any legal entitlement of the subsidiary.

We await the AGM documents. Maybe then we will see how badly shareholders are going to be stiffed.

It is the Hughie and Luke Show after all.



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What did Uncle Mel do to us?
 
 


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