RAC 4.02% $1.79 race oncology ltd

Final SPP Guess, page-39

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    I was talking to my teenage son just now who is also long Race and told him that tomorrow is a very significant day. He asked why.

    I said, tomorrow Race will announce the results of its SPP. While we are all quite confident that we will be over subscribed even if we came significantly under subscribed we will still deliver a message to the wider market. The message that Race mgmt said when then announced the SPP- they put their trust in the loyal SH who are true believers in Zantrene and in the mgmt. The SH will participate through “beg, borrow or steal” to support the cause. It is not about the SPP discount but the fact that every dollar is going towards furthering cancer research and trials which yield great results for patients and SH!

    I would rather give my $$$ to Race mgmt who manage to squeeze value out of my dollars than I can do myself! They are the best agents you can have watch over your money.

    So no matter what is reported tomorrow by Race (and I will be keenly watching like the rest of you), I am happy for the cause and and to deliver a message to the market!
 
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