RLE 0.00% 2.0¢ real energy corporation limited

Ok just worked out there is unlikely going be much if any...

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  1. 6,287 Posts.
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    Ok just worked out there is unlikely going be much if any shortfall to retail holders(maybe insiders will get a few) as the maximum OB's on offer match 5:2 of OA outstanding currently

    brilliant OA'a holders are getting get well shafted. basically, we are being told are OA's are worth bugger all basically for what they trade today or less as the OB will come down in price as the SP is under pressure from the fact we will be up for another Cap raise come JUNE to the same Insto/sophs so another 47mill+ shares and free OBs to fund the pipeline etc..maybe at 8c etc

    The goal from day 1 of issuing OA's too loyal S/holders was the plan to have booked reserves pre-ex-date. so we would be rewarded for our faith and loyalty and there to help fund the pipeline .... while Sophs/insto got the much better OB opts and cheap shares ..
 
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Currently unlisted public company.

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