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3.3¢ raya group limited

Ann: Ceasing to be a substantial holder, page-28

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Area51

1,025 Posts.

105

18/11/15

10:11

Post #: 16420827
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Originally posted by Graham_1954 ↑

Whilst RYG was still a Geothermal company a lot of "sophisticated investors" were brought on board to keep the business afloat while we waited for various approvals for Indonesian projects. (which we are still waiting for). There were a few hundred million shares issued to a variety of these business'. Melbourne Capital and Peleton Capital spring to mind. I don't remember ASC coming on board but I had stopped paying attention but I guess it was just another. They are in the business of turning over money and making profits. I guess they were happy with the return and jumped out to use the money elsewhere.
No big deal, nothing to worry about just hope the shares went to people interested in the Xped business and not making a quick buck.

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Probably reason why the price has been suppressed.

Last edited by Area51: 18/11/15

RYG Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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