It's my prediction about what the halt was called for. No one...

It's my prediction about what the halt was called for.

No one can find any information about the proposed bluebird IPO ie a prospectus. If the IPO is off/significantly delayed then it is unlikely they'll have the funds which were committed to RMX as part of the joint venture to acquire 25% of the project let alone stage 2 funding.

In short I can't see RMX getting the money back they lent bluebird to acquire 25% of the project through RMMS. All that will happen is Bluebird will not get their 25% and rmx will have to find a way to fund the project themselves (still a huge risk tiny reward play).

The deal has been on the nose for a long time, time to get your head out of the sand. No one is interested in RMX, the sell side is very telling of what this news is ie negative.