Ann: $1.35 Unconditional and Last and Final Offer - 5th Supp, page-25

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Ackers09

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04/07/18

21:06

Post #: 34145493
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Originally posted by Maysgr ↑

See point 29.

I think we need to show a little bit of patience, we will hear from the Independent Directors in the very near future.

Let's not forget that RRP have known about the free float rule since October/November 2016.

They have basically known since January 2017 that completing a capital raise was the only way to become compliant with the 20% free float rule.

Those who have objected, and been the roadblocks, to completing a capital raise are now subject to Orders from the Takeovers Panel. I am sure the Takeovers Panel will step in if the independent directors feel they are being hindered or pressured by those who are the subject of the Orders.

The Independent directors will have known for atleast 24 hours what the Orders were from the Takeovers Panel.

For all we know they may have been speaking to their broker today about possible underwriting and pricing for a capital raise. They may also be negotiating with a party that was in the data room to participate in a placement.

We will just have to wait and see what they recommend, and what other details are provided in the announcement.

The offer is open to August 3, that's 4 weeks away. There is plenty of water to pass under the bridge between now and then.

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But rich calling for MORE patience we’ve been patient for how long now???

RRP Price at posting: 8.5¢ Sentiment: Hold Disclosure: Held
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Ann: $1.35 Unconditional and Last and Final Offer - 5th Supp, page-25

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