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RBC, RUBICON LIMITED
plastic
post Posted: Apr 14 2019, 05:15 PM
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Scuttlebutt reckons the reason for Jacinda and Co to ram through the new capital gains tax laws next week is so they can clip Lukie Luke's and Sidekick's latest windfall.



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What did Uncle Mel do to us?
 
plastic
post Posted: Apr 12 2019, 05:01 PM
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Onwards we march to the edge of an abyss which we know not where or when. But my guess is ANZAC(US) Day or thereabouts.

Lukie Luke won't be taking shares unless he knows its a deal and a half. No twenty year wait times for him.






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What did Uncle Mel do to us?
 
plastic
post Posted: Apr 3 2019, 12:28 PM
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Why would Lukie Luke and Sidekick notify markets of their "relevant" interests in the company when they are under the five per cent threshold and are now completely "irrelevant"?

Its another quarter at this rate.





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What did Uncle Mel do to us?
 
plastic
post Posted: Apr 1 2019, 01:54 PM
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New shares issued under s47 of the Companies Act as per below.

Must be why we've been seeing the softness in the price lately. Just happens to be the day Jacinda is in China. Of all the days in a year. What are the chances of that?

Some of us remember the CNIFP and Hughie took a bath on that one too.




QUOTE
47 Consideration to be decided by board

(1)

Before the board of a company issues shares under section 42 or section 44, the board must—

<h5 class="label-para">(a) </h5>decide the consideration for which the shares will be issued and the terms on which they will be issued; and

<h5 class="label-para">(b) </h5>if the shares are to be issued other than for cash, determine the reasonable present cash value of the consideration for the issue; and

<h5 class="label-para">© </h5>resolve that, in its opinion, the consideration for and terms of the issue are fair and reasonable to the company and to all existing shareholders; and

<h5 class="label-para">(d) </h5>if the shares are to be issued other than for cash, resolve that, in its opinion, the present cash value of the consideration to be provided for the issue of the shares is not less than the amount to be credited for the issue of the shares.

(2)

The directors who vote in favour of a resolution required by subsection (1) must sign a certificate—

<h5 class="label-para">(a) </h5>stating the consideration for, and the terms of, the issue; and

<h5 class="label-para">(b) </h5>describing the consideration in sufficient detail to identify it; and

<h5 class="label-para">© </h5>where a present cash value has been determined in accordance with subsection (1)(b), stating that value and the basis for assessing it; and

<h5 class="label-para">(d) </h5>stating that, in their opinion, the consideration for and terms of issue are fair and reasonable to the company and to all existing shareholders; and

<h5 class="label-para">(e) </h5>if the shares are to be issued other than for cash stating that, in their opinion, the present cash value of the consideration to be provided for the issue of the shares is not less than the amount to be credited for the issue of the shares.

(3)

Before shares that have already been issued are credited as fully or partly paid up other than for cash, the board must—

<h5 class="label-para">(a) </h5>determine the reasonable present cash value of the consideration; and

<h5 class="label-para">(b) </h5>resolve that, in its opinion, the present cash value of the consideration is—

<h5 class="label-para">(i) </h5>fair and reasonable to the company and to all existing shareholders; and

<h5 class="label-para">(ii) </h5>not less than the amount to be credited in respect of the shares.

(4)

The directors who vote in favour of a resolution under subsection (3) must sign a certificate—

<h5 class="label-para">(a) </h5>describing the consideration in sufficient detail to identify it; and

<h5 class="label-para">(b) </h5>stating—

<h5 class="label-para">(i) </h5>the present cash value of the consideration and the basis for assessing it; and

<h5 class="label-para">(ii) </h5>that the present cash value of the consideration is fair and reasonable to the company and to all existing shareholders; and

<h5 class="label-para">(iii) </h5>that the present cash value of the consideration is not less than the amount to be credited in respect of the shares.

(5)

The board must deliver a copy of a certificate that complies with subsection (2) or subsection (4) to the Registrar for registration within 10 working days after it is given.

(6)

For the purposes of this section, shares that are or are to be credited as paid up, whether wholly or partly, as part of an arrangement that involves the transfer of property or the provision of services and an exchange of cash or cheques or other negotiable instruments, whether simultaneously or not, must be treated as paid up other than in cash to the value of the property or services.

(7)

A director who fails to comply with subsection (2) or subsection (4) commits an offence and is liable on conviction to the penalty set out in section 373(1).

(8)

Nothing in this section applies to the issue of shares in a company on—

<h5 class="label-para">(a) </h5>the conversion of any convertible financial products; or

<h5 class="label-para">(b) </h5>the exercise of any option to acquire shares in the company.

(9)

If the board of a company fails to comply with subsection (5), every director of the company commits an offence and is liable, on conviction, to the penalty set out in section 374(2).

Section 47(8)(a): amended, on 1 December 2014, by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).







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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 29 2019, 04:38 PM
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Goodness me! Could it be?

The hedged and ambiguous language would suggest she doesn't actually know why she is going for ONE day to China. But it is likely and could be included in and amongst a smorgasboard of subject material but is all yet to be finalized. I mean wtf?

I think there must be something special in either the tea or the biscuit. I'm just trying to figure out which one. If I were to use her language I would say, it might be the tea but equally it could be the biscuit but because tea and biscuits are part of the hospitality package it could also involve coffee and cake . But would cake include cream and jam or are we talking chocolate chips in biscuits which is pretty similar to sugar in your tea if you choose to put it in. And don't forget, if you like milk in either tea or coffee that would be dairy. But at the end, its only tea and a biscuit. Unless you choose the coffee and cake. But coffee and cake isn't finalized yet.

https://www.nzherald.co.nz/business/news/ar...jectid=12217574

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Improving access to China for exports of New Zealand wood and paper products are among key areas of focus for Prime Minister Jacinda Ardern in her talks in Beijing next Monday.

Briefing media ahead of her lightning dash to the capital of the country's largest trading partner, Ardern said progressing the upgrade of the 11-year-old free trade agreement with China was among priorities in her meetings with China's two most powerful leaders, President Xi Xinping and Premier Le Keqiang.

She indicated the most productive focus was likely to be on areas where there was not already a phased reduction in barriers to access.

"There are areas on a phased approach that continue to improve over time," she said. Dairy products, accounting for one-third of all New Zealand exports to China, are among those covered by tariff and quota reductions through the early part of the next decade.

"So it's focusing on those areas that may be in addition to that.

"Wood and paper are the kinds of things being debated."

Forestry exports are the second largest source of exports to China, accounting for 23 per cent of the $13.9 billion of total exports to China in 2018.

Ardern said she had had "quite specific discussions with Li in the past and that may happen again". She will lunch with the Premier on the one-day trip, which was cut from a three-city state visit after the Christchurch mosque attacks on March 15.

------------------------------------------------------------------------------------------------

Asked whether she would raise the cyber attacks, Ardern said she hadn't "finalised everything I intend to raise







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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 29 2019, 10:26 AM
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Lukie Luke and Sidekick gone again but with notice this time. Don't know if he is still involved with Arborgen. But looks like the share price will be depressed for a very long time unless they reveal what it is he actually achieved in the twenty years he was there.

Why announce it on the last business day of the quarter and two days before Jacinda travels to China for tea and biscuits.

Next, Hughie.



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What did Uncle Mel do to us?
 


plastic
post Posted: Mar 25 2019, 08:04 AM
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Delisting and liquidation also got rid of all the shareholders so the value of the asset stripping process could end up in the hands of the few. Pretty dirty little trick to play when the Companies Act requires directors to work for the benefit of all shareholders and not just those who are invited to join a special partnership with concealed identities.

If the record date has been recorded for the final payout it makes sense for Lukie Luke and his sidekick to be selling down. Might be why he finally resigned.

So it is when it comes to all things related to the Hughie n Luke Show.



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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 22 2019, 05:50 PM
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Liquidation puts the knock on to Hughie's first and greatest mistake. The spending spree of FCL in forestry.
I think it's fair to say, we are at the end of the cycle and we were at the end of Hughie's cycle a long long time ago. This just underlines it. But the outcome is always the same; insiders make out like bandits.



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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 22 2019, 08:37 AM
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Interesting reading considering RBC was their largest shareholder. All over by March 31st.

QUOTE







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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 20 2019, 02:09 PM
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Not an all time low today in actual price but a match of the all time low of the 30 day average according to BigCharts.com.

Can we expect something?






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What did Uncle Mel do to us?
 
 


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