Dr. Jim Diamond of the national Sierra Club Genetic Engineering Action Team 
 posted this on the Club Biotech Forum.--Tom
 ========================================================================
I'm sending only the first paragraph of the following story.  An "IPO"  is a
stock offering or "going public."

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BIOTECH: Tree  developer postpones IPO (05/11/2011) 
Paul Voosen, E&E Reporter
The  biotech tree developer ArborGen LLC has, at the last minute, postponed
its  plans to sell shares on the NASDAQ exchange, one of the company's
primary  investors announced today.
Apparently, the market was not ready to support  ArborGen, which has not
received regulatory approval to sell its  bioengineered trees. However, the
three timber giants backing the firm --  International Paper Co.,
MeadWestvaco Corp. and New Zealand's Rubicon Ltd. --  will continue to
support the company, they said, though it has not yet turned  a profit.
"All three partners remain committed to the future success of the  company,"
Rubicon said in a release to the New Zealand press. "And an  ArborGen IPO
will be reconsidered in the future, when market conditions are  more
favorable."

-=-=-=-=-=-
COMMENT: Sierra Club participates in  the Stop GE Trees Alliance and we have
opposed these genetically engineered  eucalyptus trees.  Eucalyptus trees 
are
already an invasive species in  warmer areas and have now been GE'd to be
invasive in cooler climes.   Traits such as low lignin or fast growth added
to these trees could spread  beyond original plantings and greatly compound
the problems they pose.   Plantations are never forests and in addition to
the losses of wildlife  habitat and soil carbon, biofuel from trees can't be
profitable without  government subsidy, and encroachment on arable land for
biofuel (no matter  where in the world it occurs) will raise food prices.  

Jim Diamond, M.D.
Advocating for healthy  societies on a healthy planet

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