RLT 0.00% 81.5¢ renergen limited

Ann: Appointment of Underwriter and Share Dealing, page-33

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  1. 844 Posts.
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    Hmmm, 'short term funding leading into CR and IPO'

    "Yep, no worries we'll lend ya some money. How much collateral does RLT have?"

    None, we've got enough to last us till the end of this quarter.

    "Hmmm, now that's a problem?"

    We'll put our shares up as collateral.

    "Ok, we'll lend you $$$(why have RLT not disclosed the amount??) but you need to put ya shares on the line"

    That's how I read it - maybe someone here could volunteer an alternative scenario.
 
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Open High Low Value Volume
82.5¢ 83.0¢ 81.5¢ $4.644K 5.615K

Buyers (Bids)

No. Vol. Price($)
1 1056 81.5¢
 

Sellers (Offers)

Price($) Vol. No.
83.5¢ 45916 1
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