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GEN, GENESIS RESEARCH AND DEVELOPMENT CORPORA
plastic
post Posted: Dec 8 2012, 09:19 AM
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In Reply To: dolor's post @ Nov 13 2012, 09:58 AM

Why are you so sure it has come to an end?

The non-independent Delight Grace/UBNZ director is still there despite the rapid comings and goings of another non-independent director. One can live in hope that they are doing whatever it takes to look after those factors that render them non-independent.

In fact, my Xmas wish is that the abrupt arrival and departure of Houwen Tan indicates something was finalized in the week she was there and we will have clarity on the future of this company before Xmas.

Whatever the speculation may be, it sure is strange what actually goes and doesn't go on.



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What did Uncle Mel do to us?
 
dolor
post Posted: Nov 13 2012, 09:58 AM
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In Reply To: plastic's post @ Jun 5 2012, 11:56 AM

Sad that this has come to an end. The flagship of NZ biotech floundering on Chinese medling. A profound lesson to those seeking future ffunding, as exemplified here, with F & P, and Crafar farms. They want total control and are patient until this is achieved by fair means or by foul.

 
plastic
post Posted: Jun 5 2012, 11:56 AM
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Kind of hope they decide to not go ahead with the Mariposa deal, delist and merge with a private company that has got cash flow. Then wait til market conditions are better and relist.

Still no notice on the meeting. Maybe they might go to shareholders and ask for the meeting to be delayed and go in to a suspension the same way SLA is until they find a better deal.

http://legislation.govt.nz/act/public/1993...el_25_h&p=1

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Subject to subsections (2) and (3), the board of a company must call an annual meeting of shareholders to be held—
  • (a) [Repealed]
  • (b) either—
    • (i) in the case of an exempt company, if all the shareholders of the company agree, not later than 10 months after the balance date of the company; or
    • (ii) in the case of a company, not being a company to which subparagraph (i) applies, not later than 6 months after the balance date of the company; and




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What did Uncle Mel do to us?
 
plastic
post Posted: May 23 2012, 09:54 AM
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AGM agenda must be coming out shortly. I guess the Mariposa deal will be rubber stamped then.



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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 7 2012, 11:25 AM
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With just $20k or less left and not a share being traded on-market for months, is someone finally going to put this dog down?

They have a $250k loan facility available but with no viable future any use of it would be a completely self-serving money grab.

The Mariposa merger is totally bogus IMHO.



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What did Uncle Mel do to us?
 
plastic
post Posted: Feb 2 2012, 10:53 AM
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This dairy venture would be ideal for GEN instead of Mariposa. Especially if they partnered up with AgResearch, LandCorp and the Chinese. That would give them a stranglehold on patents that dominate the areas of soil, grass, bovine and process plus a distribution channel as well from the Chinese giving them some serious competitive advantages over the likes of Fonterra or Crafar owned farms. Would cull any WTO non-compliance arguments as well.

http://www.interest.co.nz/rural-news/57696...er-stoush-nears

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A new, New Zealand domiciled investor is believed to be poised to buy into the company, possibly taking a 50% stake, with the New Zealand Superannuation Fund, which has hundreds of millions of dollars earmarked for investment via its rural land strategy, touted as a possible buyer. The other existing Dairy Holdings shareholders are Jagewi Ltd, Christchurch businessman Humphrey Rolleston's company, with a 3.91% stake, and US investors NZ Cow Company, Pals Plus and Little Cow Company who each hold 8.33% stakes.

Dairy Holdings is run through four autonomous wholly owned subsidiary groups, Dairy Farm Holdings Ltd, Clumber Farms Ltd, Livestock Holdings Ltd and West Coast (Dairy) Ltd. For the 2011/12 season, these groups are operating 58 dairy units on 14,243 effective hectares, milking 43,992 cows to produce approximately 15.18 million kilograms of milk solids.




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What did Uncle Mel do to us?
 


plastic
post Posted: Jan 19 2012, 09:20 AM
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This must be why they gave up on the dairy strategy and have gone with the Mariposa option. That if the dairy option was ever actually genuine.

http://www.stuff.co.nz/business/farming/62...legal-challenge

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A Kiwi group hungry to buy the Crafar farms has hired legal big guns that are poised to seek a judicial review of Overseas Investment Office processes.

The Crafar Farms Purchase Group of New Zealand farmers and iwi, headed by businessman Sir Michael Fay, said it had retained QC Alan Galbraith and law firm Bell Gully to lead a legal challenge should the OIO recommend the Government approve the offer from Chinese company Shanghai Pengxin this month.

Group spokesman Alan McDonald said a legal approach seemed to be the only avenue to bring transparency to the application information and process behind any approval.




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What did Uncle Mel do to us?
 
plastic
post Posted: Sep 1 2011, 12:03 PM
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In Reply To: dolor's post @ Jun 28 2011, 09:40 AM

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Surely the retention and costs of retaining dual listing must be indicative of ulterior purpose?


Suspended on ASX. For not conforming with reporting requirements. But I read their mid-term on the ASX website before the due date...so what gives?



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What did Uncle Mel do to us?
 
dolor
post Posted: Jun 28 2011, 09:40 AM
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In Reply To: plastic's post @ Mar 15 2011, 08:00 AM

The collapsed house of GEN has their AGM tomorrow. With directors up for confirmation there is a chance for announcement of activity. Will we see a closed and impenetrable edifice, an open door to a new collaboration and business venture with the Chinese, a futive back door entrance shrouded in mystery and intigue, or will this be a last dying gasp of impending demise? Surely the retention and costs of retaining dual listing must be indicative of ulterior purpose? Others must be of similar mind given the recent upsurge in price.

 
plastic
post Posted: Mar 15 2011, 08:00 AM
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With two new directors coming on board this thing is about to do something drastic to create value or get gutted. The ESOP options expire on the 27th. So far, if you assume no notices means no conversions, not even the staff want the equity even though they keep saying they have something lined up in the dairy industry. This must mean that the cancer strategy of the current Chairman has been a flop as well as everything else they have done.

This thing should've delisted years ago.



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What did Uncle Mel do to us?
 
 


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