RAP 0.00% 20.5¢ raptor resources limited

Ann: Increased Scheme Consideration from Pfizer, page-82

Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #
  1. 2,646 Posts.
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    All -

    a couple of things i have picked up on, but not yet seem to be covered:

    Firstly - From the Ann today :-

    On 30 May 2022, the Independent Expert provided a draft IER to the ResApp Board (Draft IER)
    which determined that the value of a ResApp share (on a controlling interest basis) was A$0.146
    to A$0.277, with a preferred value of A$0.207 per ResApp share.

    The term 'on a controlling interest basis' appears to be vague, and somewhat outside the guidelines of the expert report - which should need to include future earnings etc. To me, the term 'on a controlling interest basis' implies what Pfizer are offering, and no more.

    Secondly -

    Pfizer have increased their offer on the non verification of covid data to 14.5 - meaning, that even though the Algos are showing gold standard, they are suggesting that - if its only a little bit above gold standard we want a discount. But it does indicate that they want the rest of the product anyway, and that the covid testing is only a 'would you like fries with that' add-on

    The devil is in the detail here, and it appears to me that there are shenanigans afoot - and again, the BOD are assuming that most of us retail shareholders are nothing but stupid straw sucking donkey fiddlers.

    Still 1m of Ports - a big NO
 
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