my intention is not to "attack" you but the commercial realities...

my intention is not to "attack" you but the commercial realities of your ideas are below:

1. if the deal was done at 1.6 cents rather than at 0.4 cents

2. the vendor would have received 250M shares

3. the finders fee would be 15.6M shares

4. the placement would be 112.5M shares

5. the shareholder entitlement would be 1 for 4 or 138M shares

6. the company would be valued at $20M, which does not provide enough upside for new investors funding the deal

7. the new investors want upside. doing the deal at 1.6 cents was too expensive

8. as i previously posted, a $13M shell is simply too expensive, particularly for a company like RIR

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