Well we are stuffed. Due diligence gives them an out, plus all others that have been negotiated with are shut out of the process. Then we may be massively diluted.
Whichever way it goes it won't be in our favor.
"a number of conditions precedent, including the completion of detailed due diligence, and there is no guarantee that any formal agreement will be reached. RFG has granted Soliton Capital Partners limited exclusivity while discussions continue and further due diligence is being undertaken. Any formal recapitalisation proposal which might be concluded is expected to include debt and equity/equity-linked components, and may be dilutive to existing shareholders".
RFG Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
