Yes I also have the feeling that .6cents is the operative...

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nitpicker

262 Posts.

20/03/15

23:24

Post #: 14954009
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Originally posted by Madoff ↑

I am new to this thread, but not to Hot Copper and as an SLT share holder, I am a little concerned about some of the speculitive posts turning up on this thread.

There is a process that needs to be followed on these reverse takeovers and this all takes time. Currently the brokers who have been issued stock in the up and coming capital raise and company restructure to RNT will be completing a book build. Once this is done there should be an announcement, possibly by next week I would estimate, that makes everything quite clear. I would think that most of the allocation will be picked up by what is termed as "sophisticated investors", with an amount set aside for existing SLT holders to participate in the capital raising, with a pro rata to their current share holding and the provision to apply for more, with scaling back if over subscribed.

Expect this offer to be at the price of 0.6 cents, allowing for a 33:1 share consolidation and a post consolidation re-listing price of 20 cents. Wether you take up any of your allocation will be up to you, but I doubt it will be a renounceable offer.

Regards Madoff

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Yes I also have the feeling that .6cents is the operative figure. I believe (hope) SLT is a good bet at that, but one thing I am very confident of...a dedicated rental site called rent.com.au, well managed as it has been so far, is a very good prospect.

SLT Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
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Yes I also have the feeling that .6cents is the operative...

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