Forum Archive Index - April 2001

["SWLEE" <SWLEE@xtra.co.nz>]

Hi greg,

I'm sorry that you feel a sense of "blatant" ramping from my article. If you are a discerning investor and happen to be a RBC shareholder, one would certainly not wish the FFS/FFPS shareholder to dump their shares and convert into RBC shares. Because if that happens, FFS/FFPS may drop, RBC would drop in unison, ie every cent FFS/FFPS falls RBU will lose 1.39 cents per share.

 

Because of the considerable number of questions raised by this forum, what i attempted to do was to put up some hard facts and figures to assist the readers to make some informed judgment to support the argument. Perhaps you should do likewise to assist fellow readers rather than relying on hope that FFS will come right sometime. Come right it may, but its going to take some years.

 

Let me make my position clear, I neither bought nor sold any Rubicon shares except that I hold a petty 5300 Rubicon shares from FEG sale process. I bought a considerable number of FFS, reason being in anticipation, like many other investors (maybe yourself included), of a huge benefits from the FCL separation process. Of course it did not materialized as the separation unfolded, I sold them all and moved on, rather than left behind to nurse the "sick" dog.

 

My previous article was written for the benefit of a reader who was wondering whether to buy/hold FFS or RBC. My statement " my suggestion is that for those who believe that there is a future in FFS shares, the best option is sell them and convert the proceed into RBC shares NOW!". I stressed the word "NOW" because while the picking is still good with the current RBC share price offering a tremendous discount in comparison to FFS/FFPS share . Any discerning investor who has done a thorough analysis would agree, unless you are a novice.

 

 

 

Good luck to your FFS/FFPS shares, greg, I hope you do well with them.

 

Stephen

----- Original Message -----

From: greg

To: sharechat@sharechat.co.nz

Sent: Saturday, April 07, 2001 12:17 PM

Subject: [sharechat] Greg and greg are different.

Gerry,

greg and Greg are different people.

 

I totally disagree with SWLEE's opinion that the FFS/PA share price is artificially jacked up.  I admit to being a FL forests shareholder so that anybody looking at this site can judge whether my opinions are biased or not.

 

But statements like "My suggestion is that for those who believe that there is a future in FFS shares, the best option is sell them all now and convert the proceed into RBC shares NOW!." from SWLEE is blatant ramping.

 

Be careful everyone.  Use the posts on this site to alert you to possiblities.  But ALWAYS do your own research and make your own decisions.

 

Regards,

greg