Hi lloydray, clause 8.8.2 explicitly says they will raise capital . I see no reason why any raising would be done at greater than the present share price. Every other one has been at a discount. Ruane has been at pains to keep his shareholding below 50 percent , a compulsory takeover offer triggered at that level? They need 900 K , raising less than 3 quarters worth of basic expenses a little pointless, if he needs to put in a large percentage of that , the 50 percent level looms.
The recent loan ( the 261k ) ,was for Beyondie ? I note that the Ruane loans can all be called 12 months after the annual report. If he were to call in the loan , rwd doesn't survive as a public company. He has been very generous and is to be commended for that generosity. Someone not quite so nice , would be taking this private. If my projected 900 K dollar raise falls thru, privatisation would seem the logical next step. cheers
RWD Price at posting:
5.9¢ Sentiment: Hold Disclosure: Held
