Red Rock are exchanging loans to RSL for shares at 17.0 cents, so this is the price per share at present for a professional buyer.(1 new share = 17 old shares ; so 17c for new shares = 1c for old shares)
(2,000,000 old shares x 1c = $20,000.00 = 117,648 new shares x 17c = $20,000.16) You basically haven't lost anything (yet) and stand to get it all back and more!!!
Realistic relisting time (my opinion): January/February 2010.
Share price could rocket if successfully relisted.
Red Rock will own 40% plus by then, so they will not allow it to fail.
Could be worse
Cheers
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Mkt cap ! $27.10M | |||
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