Ann: Conditional sale of RUN Property and Agent P, page-15

re: Ann: Conditional sale of RUN Property and... The conditions include Heritage getting the funding. But there is a little gem in the announcement

In other circumstances the deposit will be retained by RUN and if the transaction does not complete in certain circumstances, deposit funds will be applied as subscription monies by Rental Express to subscribe for ordinary shares in RUN to be issued at 40 cents per RUN ordinary share.

40 cents a share ............. with 120 million on issue that's a price tag of $48,000,000 they want after paying back debt.

I would dearly love to see the state of Heritage finances to see if they could get the loans together. If so we are looking at nearly a 6 bagger.

It is incredible, after looking at the half yearly's in Feb that they stated that 20 million was repaid, this is quite amazing really, its either loan forgiveness as a legacy of Frank Cuicutto days, or some very effective smoke and mirrors.