I did post because I would like to understand that the company offering is not just $2 company with dreams of grandeur, from what I could find HAL was founded in 2011.
Reading their Offer Doc seems to be overly complicated structure for basically a property management business, brings to mind the likes of Centro, Record Realty, etc all had complicated structures to confuse investors and charge fees.
While as an RNC shareholder may not care to much as you are getting cash, if HAL is unable to fund then SP will drop back to below the 0.06 so someone like me looking to invest in RNC, the quality of the company throwing money around needs to be substantiated.
If anyone knows would like to find out -25mil shares in HAL how much % of the company is that and what is its current market valuation?
-How is the REX fund raising going? From docs on their site could only see they were raising $16.5mil
-What are plans of funds RNC receives?
--if distributing to shareholders then winding up RNC, then why didn’t they just buy the listed company and payout the debt, they plan to relist HAL in the future.
RNC Price at posting:
15.5¢ Sentiment: None Disclosure: Not Held
