So a $1m Placement means $750k (or 75M shares) by a party/parties other than Dag Stromme's $250k (25M shares)..
Is it strange we don't know who that is yet?.... or do we know and I just haven't seen?
In the Completion of Placement and Institutional Entitlement Offer announcement they quoted Dag Stromme but didn't say where remaining investment is coming from?
Here's a thought.... is it Repkon...!!
Which would provide motive for and help explain this CR 80% discount.
Im very interested to know as this whole scenario could be explained by TTT keeping their JV with Repkon alive and kicking.
Repkon Investments so far
$2.5M at 26c = 9.6m shares
$2.2M at 16c = 13.75m shares
with possibly
$0.75M at 1c = 75m shares
If it is Repkon it would give them 98.35m shares a 5.5c average !
I know its a stab in the dark but it does make a little bit of sense to me ....
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