OTR 0.00% 31.5¢ onterran limited

Ann: Ceasing to be a substantial holder, page-3

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  1. 690 Posts.
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    Me too.

    According to the notice, WWM received $900,000 plus 1,090,909 redeemable convertible preference shares as consideration for 5,031,163 OTR shares.
    Leaving aside whatever value attaches to the RCPS might, the cash component equates to a share price for the 5 million odd OTR shares of $0.179.

    I can only wonder whether that is at all reflective of  what OTR shares are worth or is it a mirage.
    The 2.2m shares in the previously notified transaction by SOL changed hands for a peppercorn total consideration of one dollar.
    Consequently, I assumed that my shares in OTR are probably worth somewhat less than two flat rocks.

    What is going on?

    Cheers

 
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