RGI 0.00% 4.8¢ roto-gro international limited

Ann: Release from Escrow, page-4

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  1. 1,540 Posts.
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    The shares coming out of escrow are held by the original owners of Rotogro. They also hold the 40m that came out of escrow Feb '18. They didn't sell back then so I can't see them selling now. The 7m Performance rights will only be issued if RGI's sales exceed $20m by June '19. With Freshero + gibio it's possible this could happen however once again they are issued to the original owners who haven't sold in the past.

    @GL77 no I haven't spoken to them in the last week, last I heard all was progressing nicely. Gibio are happy with the testing - growing a cos lettuce in 13 days is pretty amazing. Last I heard the Freshero testing was also exceeding expectations, Mahoney even bought shares in RGI. This stage of the Supra transfer is just procedural. 

    I think the low volume sell down is just someone wanting out & taking what he/she could get. News wise things have been quiet over the xmas/new year break.

 
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