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Kipper01

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16/03/19

13:38

Post #: 37784301
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Originally posted by Kipper01 ↑

Yes, I'm still scratching my head at all this. The OA's were a "guaranteed" lined-up $5m coming. So in order of ensuring it went through unhindered, why wasn't the anticipation of cash spend and preparedness for raising a few mil., done much better???

I normally take management's side, because they are in possession of all the facts, as opposed to shareholders who just think they are .... But nonetheless, surely a few mil could have more easily been provisioned for with less destruction to what would have been a simmering share price at this time, making a certainty of that Option conversion.

We've all said it a hundred times, this share price should be 20c comfortably by now with what is in the pipeline. Yet it hangs on grimly to 10c. With all the positives which have and are occurring about the place, this is an extremely deflating position to be in with our share price...

IMO, either poor advice has been given, or good advice has not been listened to. I would have expected management - who has been around the traps, might have found a much better way for the OA's and healthy share price generally, than the one chosen.

Kip

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Perversely, on the flip side of this "WOMFU", is that there'll be up to 45 million shares that won't be converted and dilute the share price!! Hoorah - a positive! : ( )

Last edited by Kipper01: 16/03/19

RLE Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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RLEOA, page-76

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