I am new to this thread, but not to Hot Copper and as an SLT share holder, I am a little concerned about some of the speculitive posts turning up on this thread.
There is a process that needs to be followed on these reverse takeovers and this all takes time. Currently the brokers who have been issued stock in the up and coming capital raise and company restructure to RNT will be completing a book build. Once this is done there should be an announcement, possibly by next week I would estimate, that makes everything quite clear. I would think that most of the allocation will be picked up by what is termed as "sophisticated investors", with an amount set aside for existing SLT holders to participate in the capital raising, with a pro rata to their current share holding and the provision to apply for more, with scaling back if over subscribed.
Expect this offer to be at the price of 0.6 cents, allowing for a 33:1 share consolidation and a post consolidation re-listing price of 20 cents. Wether you take up any of your allocation will be up to you, but I doubt it will be a renounceable offer.
Regards Madoff
SLT Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
