RAP 0.00% 20.5¢ raptor resources limited

Why would the board unanimously recommend we vote in favor of...

Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #
ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 389 Posts.
    lightbulb Created with Sketch. 1095

    Why would the board unanimously recommend we vote in favor of this. Not a chance I'll be voting in favor.

    Does anyone have any experience with these scenarios? How is this likely to play out? I imagine they start low but would be willing to increase their offer just like any buyer.

    The 3 million license fee seems to be separate to the buyout offer which at least solves our immediate cashflow problem, and it's non exclusive. Best case scenario is shareholders vote no and we get additional offers?
 
watchlist Created with Sketch. Add RAP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.