(1) This answers why Henry Charrabe , RWL's CEO, has come across the world to Australia.
(2) This also answers the share price "manipulation". The investment banker had to keep the price down and fix it at 85cts to facilitate the 'merger'. Looking back at the broker data, I stand to be corrected, but I remember UBS was the biggest insto broker. UBS could be the investment bank/advisor. I prefer to call this a reverse takeover of EMC. In one fell swoop, RWL has gained a listing on a public bourse. Next stop, grow Fluence and list on NASDAQ. That's the ultimate destination.
(3) They pitched RWL - EMC to Tianjin months ago. Other words, they were already marketing the merged entity to the market. Good indication of the receptivity from the reaction of Tianjin. This could be the prelude for CCGC.
FLC Price at posting:
85.0¢ Sentiment: None Disclosure: Held
