shady trading, page-8

Have a good look at what Hal is and the reason for the take over. Hal is an unlisted fund that want to list to be eligible for financial planners. Hal at the moment has excess funds and a fair amount, they have ran this type of business unit successfully returning 10% plus pa to fund holders.
Through the same model buying rent rolls reducing costs maximizing profits. Simple business that can probably be better run with there business model it gives an Australia wide presence something never done before.

Now Janaret you couldn't work out how run very intelligently RUN wiped 15 off a 35 mil debt so I understand that you don't get.
But you have think of it this 10 mil going to holders of run goes in to stapled Hal units. The over subscription of unlisted Hal has given them the mean and access to majority of cash. Any company making an offer will have sourced money will have done there homework before the offer bank cash if used will have ran eyes over the model how much cash they have and projections and would have signed a mou before the offer. I know things fall over and this may not get up but you 2 need to do a little reseach.