So, Washington H. Soul Pattinson participated in the placement and now have 6% of the company.
Interesting, that the most conservative old school company in Australia is a substantial shareholder in one of the most speculative companies listed in Australia. Soul Pattinson are known as deep value investors that hold through thick and thin over a very long term. One must assume that they have done their homework and have decided that RTD is not that speculative at all.
In the scheme of things the value of their holding in RTD is only $1.1 mil which is chicken sht to them. Lets hope their track record of success pays off here.
PGY Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held
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