Rocket jnr, interesting theory that I've previously considered...

Rocket jnr, interesting theory that I've previously considered here on HotCopper, but like many, I thought that opportunity had passed for Ratta to acquire at 2c.

The strategy involving Ratta's shares and their potential acquisition plan is intriguing. Given Ratta owned 92,611,758 shares as of February 7th.

This scenario would enable them to sell down from the highs of 4.5c to 2.5c using the 92,611,758 shares, maintaining that VWAP at 2.5c for the next 10 days.

If we assume Ratta is executing their plan to raise $5 million to purchase at 2c (amounting to 250,000,000 shares), here's how it could unfold:

1. Sell-Off Strategy: Ratta could offload their 92 million shares, realizing an average of 3.2c per share. This would generate approximately $3 million from their initial $345,000.

2. Capital Management: With the $3 million realized from the sale, Ratta would then only need to secure an additional $2 million to complete the purchase of the 250,000,000 shares at 2c each, selling down their 92 million shares to execute the option to acquire 250,000,000.

Alternatively, if Ratta were to distribute the acquisition to WMA Holdings FZCO as the "nominee", their holdings might be used to enact this strategy by WMA Holdings FZCO selling down their stake to additionally acquire 250,000,000 off-market shares effectively. This secondary route might involve WMA Holdings FZCO leveraging their current holdings to fulfill this plan.

Thus, through strategic execution, WMA Holdings FZCO can effectively manage their shareholdings and capital requirements to optimize their position before ESR goes drilling.