spot on mate -i know only reason I fancied oa's over ob's was i...

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27/02/19

10:42

Post #: 37583651
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Originally posted by jakspara ↑

Originally posted by Sharetrader78
I have to agree "What the???" CR has to be at a premium and extension on the OA's or else this is a huge middle finger to all long term S/H's
The one and only reason we're not already 25c+ is due to the recent CR, moreso the way in which it was carried out.....it was nothing short of flipping us long term supporters the bird (to put it nicely). We're about to find out what SB learnt from that.....hopefully alot, because this has the potential to really make or break the company. With more than enough money in the bank for the current/next quarter, near term options conversion money coming in, funding partners approaching, sales agreements becoming a near term possibility a discounted CR will be nothing short of a "kill switch", would seem an incredibly dumb move given the current circumstances......infact it'd be beyond that, it'd be absolute insanity. So yeh, as others have said, we just need to see the details.......IMO the only "pass mark" for the company going forward will be a placement at a hefty premium. Try and pull a discounted CR even to existing holders and you watch this sink, OA's will go up in smoke and the company will struggle to attract any form of investor ever again IMO.

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spot on mate -i know only reason I fancied oa's over ob's was i distrusted them a lot about CR's -and I thought surely OA's would be the best vehicle at present time for a CR! What with the talk of farm ins etc I am a bit blindsided too! I did learn years ago to treat oppies on resource stocks as gambling money however! Glad I did sell some shares in past week!

RLE Price at posting: 13.5¢ Sentiment: Hold Disclosure: Held
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spot on mate -i know only reason I fancied oa's over ob's was i...

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