Do you know there are regulation for funds not to hold major holding in small cap company? Since RAMS drops in market Cap fund are force to sell down their stake.
Westpac only withdraw their support if RHG dont sell them the franchise I dont see any other condition attached..RAMS franchise has been bought by Westpac.
If they cant get funding for the deadline they can extend the loan at a little higher costt here is no force closure on RHG books. If they force to get higher funding, they can pass some of the cost to mortgage holder.
RHG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held