Think we must have been watching a different webinar. If you recall the last webinar was in December last year when Paul outlined the plan for RTE moving forward. It's a bold plan to bring in all associated companies with RTE under a single banner. As Paul said on the last occasion when Cosmos is up and running all shares will be equal. I heard nothing different in the webinar yesterday other than things are expanding at a greater rate than first anticipated. He did say there will be another capital raise next year before dividends are paid. This all makes sense to get the 'Cosmos' house in order before public listing. Given the markets at this time and world wide pending recession his time frame of 12 months seems to be in our favour. Hopefully the markets have picked up and if RTE lists on the NASDAQ it will have the financial backing and be a successful listing.
It makes sense to retain the name RTE after all it has been a successful business since 2002 in Dubai with a solid industry reputation, it's a no brainer that needs to be capitalised on.
Can't do much other than sit back and trust the experienced management team at RTE. Remember the big hitters, the savvy investors don't want to lose their money so that will be a driver moving forward to increase shareholder value.
MSM Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
