RYG 0.00% 3.3¢ raya group limited

Due Diligence

  1. 1,192 Posts.
    I have been thinking about due diligence, which is to be completed by 30th November, 2 weeks tomorrow.
    I have been worrying about whether to sell some stock beforehand in case there is any problems.
    I feel management of both Raya and Xped are acting as it is a forgone conclusion, a good sign.
    The original investors in Xped are watching the progress of the RYG price and must be delighted, I would assume a good portion of the 640M shares Xped will be receiving will be distributed to these investors. As they only stumped up $6M they will receive huge multiples and considering where the share price will be by March they wouldn't want DD to fail and go for an IPO which would be at much lower levels.
    I have convinced myself all will be OK however I would like to hear from others about any perceived obstacles to DD.
 
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