Thank you for providing so promptly, certain clarities, to a much blurred
situation.
I note that among our "...wafting puffs of smoke" assets, ARL holds
1,794,840 Raptis Group Shares, (ASX:RPG) which, as you are aware,
resumed trading on the ASX on 10/12/2015. Currently the only Sale Offer
is 0.40 cents with the highest Bid being 0.35 cents.
Wellington Capital as RE for the PIF, holds a further 3,485,321 Raptis Group
shares withthin the PIF portfolio, and in the light of the completed Wind-up
date being the 31/3/2016, it will be forced to sell those shares at whatever the
current rate might be, at their minimised time for Sale.
Of course there is no telling what price these shares may evolve to, but I feel it
would be in the best interest of ARL Shareholders, to have these shares transferred
by whatever means available, directly into ARL, thereby giving it complete control
of timing over the sale of this asset, which may well present as considerably more in
value, than what Wellington may be able to achieve within their scripted time schedule.
I Would very much be obliged to hear your thoughts and Opinion on this matter.
Regards.
light of the completed Wind-up date
OCV Price at posting:
0.0¢ Sentiment: None Disclosure: Held
