year of the rat , page-38

It was only a matter of time...


Not who but when
"was the only question"....
like us.....they had no choice....

GOOD - To the next stage:)
We move on:)



Allco Finance Group (ASX: AFG) – Sale of units in Rubicon America Trust,
Rubicon Europe Trust and Rubicon Japan Trust


Allco Finance Group (Allco) has been advised that Credit Suisse has now exercised its
rights under a margin lending facility relating to Allco's unitholdings in Rubicon America
Trust, Rubicon Europe Trust and Rubicon Japan Trust. Allco has been advised that
yesterday afternoon, Credit Suisse effected the sale of the following units:
41,000,000 units in Rubicon Japan Trust @ $0.22;
46,600,000 units in Rubicon Europe Trust @ $0.15; and
40,300,000 units in Rubicon America Trust @ $0.13.
After those sales, Allco's remaining unitholdings in the Rubicon trusts are as follows:
15,076 units in Rubicon Japan Trust;
8,334 units in Rubicon Europe Trust; and
5,756,227 units in Rubicon America Trust.
There is an amount of $443,474 outstanding on the Credit Suisse margin loan, and
Credit Suisse has advised that it intends to sell that number of units necessary to
discharge this outstanding balance.