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9.0¢ real energy corporation limited

Yes, I'm sure we will find out the dates soon ... as we know If...

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Sharetrader78

12,557 Posts.

1762

20/03/19

20:48

Post #: 37830213
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Originally posted by olderwiser ↑

There is another way to view this, just throwing it out there for discussion.
RLE state this offer is subject to shareholder approval, so a shareholder meeting is required with notice period. So what are the mechanics of this process, can a prospectus be offered and acted upon in advance of approval. Genuine question I don't know the answer
If so, nothing much to say.
If not, there will be a delay which may give A option holders time to sit back and wait out better news. If that delay is long enough, there is a possibility that decision can be made after reserves are known.

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Yes, I'm sure we will find out the dates soon ... as we know If you haven't exercised OA's 5pm 15th April then they are worthless The Options cease trading on the ASX on 8 April 2019 ..

So surely if OA holders want to convert into OB and pay the extra 1.9c they would have to commit prior to 15th one would think.??

RLE Price at posting: 9.8¢ Sentiment: Sell Disclosure: Held
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