An Acquest Capital rep responded to my requests for info a few...

An Acquest Capital rep responded to my requests for info a few weeks ago (my original email was sent to Novus). I can only assume Acquest is now running the IPO process. Not sure why.

New IPO documents will be released shortly. There were some changes to the structure, apparently to simplify. As such, those who have committed capital will have the ability to cancel their participation. I'm sure some will choose to cancel their participation, but a simplified structure may entice others to participate.

Still no certainty on the takeover, but I'm sure the half year report for RNC will show they are progressing well with debt repayment and operations generally. At this rate RNC may be in a position to pay a dividend before the takeover.

Disc: no holding in RMIT