Shareholders like you and I don't need to be doing anything at...

Shareholders like you and I don't need to be doing anything at present, except wait.

The 96.3% shareholder (T2) have exercised their legal right to acquire our shares.

As part of this process, a new Independent Expert (IE) is engaged to prepare a report that determines what fair value is for each share in Realm.

The regulator (ASIC) gave T2 a list of 3 experts, where T2 can select one to prepare a new report.

Prior to preparing the report, T2 must advise the IE what price they intend to offer us for our shares. The IE then completes their report to determine if remaining shareholders are being offered 'fair' value for their shares.

Shareholders will receive correspondence from T2 in the mail about this. A letter will also be attached where shareholders can object to the proposed offer price. If there are objections covering more than 10% of the remaining number of shares not owned by T2, then T2 need to satisfy a Court (at their expense) that minority shareholders are being offered 'fair' value.

The new IE should be very close to completion, and we will find out a lot more then.

I suspect quite a number of holders will make their thoughts known on this forum.

@Van88

Yep, $1.35 guaranteed til the end of the year.

That figure isn't going to be enough, given IER 2 said the offer (@$1.35) was not fair.

Cash in the bank has also increased since then.

I wouldn't say it's being run in to ground, but they are doing everything within their power to limit the payout.