Share
409 Posts.
lightbulb Created with Sketch. 228
clock Created with Sketch.
07/03/25
15:26
Share
Originally posted by BullishBearish:
↑
I'll take a quick stab in the dark. I initially believed that the key threshold would be dictated by an equity ratio of 2:1, however that assumption was clearly misguided as that has been and gone. Possibility 1 RMS’s 254.60 million shares are non-voting (?!), leaving Tembo and 1832 AM with a combined 201.1 million shares (approx 18.5%) of the remaining 1.082 billion shares outstanding. It is possible that these parties are not interested in the discussions taking place at the board level. Possibility 2 An agreement may have been reached that nothing short of a merger of equals will be acceptable. SL has been given the time to continue executing the strategy and if SPR eventually catches up to RMS, a deal may be struck. Possibility 3 I am throwing dung at walls. For reference SPR fully diluted 1.337b RMS 254.60m Tembo 110.35m 1832 AM 90.78
Expand
So RMS has 254.5m shares. I could imagine a blocking stake of 247.74m shares comprising; Tembo 110.35m 1832 90.78m DB 28.02m SL 11.73m Precision Fund 4.00m Bill Beament 2.86m Stalemate?