What are the realistic chances of the RDI float taking place within the current timeframe and at $2.20 given the recent dramatic fall in the price of equities? I would say zilch.
On or around the date of the proposed merger announcement ARH were trading at $1.53. Now they are 44 cents. Although there may be some recovery in the sp (i am hoping here)even if the float does get up i cannot see us remotely receiving the original deal.
Interesting to note the complete absence of posting from terryl, ubid and eaglesrock during these turbulent times.
What are the realistic chances of the RDI float taking place...
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