Greedy Dr. Tan. If he wants to be a majority shareholder again, let him buy ON-MARKET like the rest of us did.
Rockeby shareholders beware - Tan will end up with 90%+ of the company after he buys (underwrites) his own Rights issue add the Placement to himself, convert the 1,410,000 options just prior to his yet to be announced Share Consolidation, then privitise Rockeby. Shareholders will be forced to sell their massively diluted shareholdings after an "Independent Recommendation" before Rockeby goes private. Seen this scenario before unfortunately.
We don't need this re-capitalisation, Rockeby has a $5,000,000 draw-down facility until Pepp etc revenue flows in.
Although Tan has probably done a deal to buy Fortrend's shareholding for a premium on the drawdown issue price to guarantee his total control.
"Conflict of interest" is an understatement.
Best Tan resigns now before he is sacked by shareholders or worse - prosecuted.
RBY Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
