RTL lovely pullback on falling volume
look for volume
RTL deal, coal next to RIV ( 1.6 billion cap)
ok it might take some thought to get your head around, i just got it
250 million options to vendor
The terms of the Purchaser Options are such that the number to be issued is stated on a pre-Consolidation basis and their exercise price of $0.25 per share is stated on a post-Consolidation basis.
so the shares are to be consolidated so they can raise money at 20 c and list on the mining board, if the share are consolidated at
2:1 then the vendor gets 125 million options
3:1 then the vendor gets 83 million options
4:1 then the vendor gets 62 million options
5:1 50 million
Current price 3.4 c ( 6:1 current consolidation)
the higher the price the more options the vendor gets.
ME THINKS RTL WILL GET THE LIFE PUMPED OUT OF IT
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