RLE 0.00% 2.0¢ real energy corporation limited

Now things get interesting., page-112

  1. 1,190 Posts.
    lightbulb Created with Sketch. 88
    Tully

    I don't think that will be the case.

    Any funding party will require Due Diligence and will therefore have access to material non-public information.  The access to non public material information will also make them an insider and unable to purchase shares. This is usually done via a Confidentiality Agreement which will stipulate that the information cannot be used other than for its prime purpose (i.e. farmin) and will also probably have a no-buy component to the CA. 

    This is normal commercial practice and I would be shocked if it was not the case here.

    In terms of any farmin, I would hope that it will be done at a premium to the market value of the business, which can by definition, add value to the shares of RLE. 

    AL


 
watchlist Created with Sketch. Add RLE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.