Ann: Trading Halt, page-24

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03/08/18

10:15

Post #: 34703298
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Originally posted by Red Baron ↑

This voluntary suspension is taking longer than most would have envisioned.

My thoughts are, the longer it is taking, the bigger the deal they are doing. As I said previously, they didn't bother with a trading halt for the Fertigation acquisition, so get the impression this is bigger. The term sheet for the capital raising had the "potential strategic acquisition of a lawful Cannabis license" at the top of the list for use of funds. Nutrients was #3. The Hanson's acquisition was fully paid for by issuing 5m shares. A MJ acquisition would probably be a mixture of cash and shares. As we all know, our share price bounces around both ways on low volume due to the low liquidity. A voluntary suspension would take the share price variable out of their negotiations. Looking at volumes/prices leading up to the trading halt, I can't see that word was leaking out requiring a trading halt, though it wouldn't take much to push the price up if news did manage to get out.

just my 2 cents worth as to why it's taking a while.

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I have to agree with this statement.

Taking much longer than expected so hopefully this correlates to a big global deal being worked through and finalised behind the scene

Hopefully it is a medical cannabis license acquisition which then creates the MC vertical integration for RGI and an exciting investment proposition for RGI moving forward

RGI Price at posting: 37.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: Trading Halt, page-24

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