In the RMIT PDS it mentioned the company would still be...

In the RMIT PDS it mentioned the company would still be successful if it didnt get enough funds to takeover rnc. It also mentioned it had an alternative deal where it would buy some of rnc rent roll. I see it as a negative that they would mention this as they have some doubt on the deal. However, RMIT min NTA required by the ASX to list is 15 million. That 15 million will give them enough for RNC deal to go through. RMIT HAVE applied to ASX to list and the only criteria they must now meet is raising the capital. I think it is very likely the funds will be raised and the deal will go through. As an investor in RNC and now also RMIT I have my fingers crossed. May even top up on RNC before the 18th.