Riva Deal 31st May - Where is it ?, page-48

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$tockfella

3,157 Posts.

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06/06/18

21:31

Post #: 33544708
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Originally posted by the bottom line ↑

You said that already - it didn't make sense then - it doesn't make sense now.

Lets say Riva on the market buy 20 million shares below 4.3 - aren't they better off commercially - doesn't it help the chances of the Entitlement Offer - doesn't it help with the confidence in the market and in the project - and doesn't it help MSM and its shareholders?

Where are the downsides - please don't repeat the rubbish that Riva would "be paying premium due to the sheer volume they are after"

Flaws in your argument:
1. I am not suggesting they buy 79 million shares on market - you keep ignoring that point
2. I am suggesting they buy as many as they can under 4.3 cents
3. I am not suggesting they only buy on market - I am suggesting they buy as many below 4.3 cents as they can prior to taking up their funding shares - this way they assist all the parties and process, as above and they lower their overall entry price. Something that every smart investor seeks to do.
4. On what basis do you possibly try and suggest that buying on market (even if it end up being a significant number) would end up driving the price north of 4.3 cents - Tim Neesham tried and it didn't do as you suggest - in reality, it did squat.
5. If they purchased 20 million at say an average of +3 cents and that drove the price to 4.3 cents isn't that a great result for everyone - including Riva, themselves.

The only question you and the other TB's should be asking is - why is Riva not doing that (and just so you don't use the same lame excuse that it will cause them to buy at "premium" prices - I repeat - I repeat and I repeat again - they stop buying when the shares reach 4.2 cents. That may end up being (under your romantic belief) only a few shares - then so much the better and everyone's a winner.

To not do that attacks the credibility of the agreements and long term relationship with them and destroys your argument Mr "incorrect"

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... sorry. I didnt read all that. But i'll sum it up for you. Riva have firmly committed to the placement at 4.3cents as announced. Have a good night. 1,2,3,4, 4.3 cents. As announced in cornerstone announcement. Take a read. Take some notes. Revise and come back another time. Until they dont, they are. And until they aren't you are incorrect. Simple as that.

MSM Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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Riva Deal 31st May - Where is it ?, page-48

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