yeh, they might not be a direct link between the two T/H.
because, if it were the same deal, then RTA would have had to go into T/H at same time - but it didn't.
but the two transactions could still both involve Todd?
we can be sure that RTA has been forced to do a deal with Todd, because RTA was just about out of cash, and said it would need to do a CR, and Todd would be the only candidate for a CR or C/N conversion.
It already has control - so for RTA to say the T/H is because of a change in control, must mean RTA will be going over the 50% level. It will not be just a conversion of C/N facility, because RTA needs cash, and it has already spent the proceeds of C/N loan. So it will involve issuing further equity.
the FMS deal could frankly be anything.
but we can be confident, that if Todd are going to pump more money into RTA, then Todd will be prepared to do same with FMS.
Because FMS is RTA --- and RTA is FMS !!!!
and Todd is common denominator with cash !!!
and probably only prospect for funding in this market !
I still think deal is Todd either buying into PIOP, or providing funds to FMS directly thru CR or maybe loan via C/N.
anyway, hope it has positive effect on SP.
Very interesting that OCJ was buying up shares prior to this announcement.
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