we know that it will be kept at less that 20%, but the company can keep it way less if they wish.
The reason WHY needs to be known
TO Voting power Disclosure
which is it?
if its TO or Voting power than it will be way less. The issued shares to consort will be to a maximium but they have leverage with cap raisings to really bring their % down.
If the reason IS disclosure then sure it will be to just below 20%.
If consort wants to TO or have voting power, then they can do this with ease by increasing their holdings to just above 20% with on market buys, they WILL have the financial power to do this. Then they will have a period of 3-6 months where it can then do a TO at it's original purchase price. I think their % ownership will be more around 15%.
As for Ghost1, I'm having fun with the fool. He takes bait like a kid to candy. Unless I havent read far back enough he has offered little in discussion of the stock and offered lots in negativity.
His usual repsonse is "I know the answer, why should I answer the questions for you" yet he posts lost of negative poorly researched comments. But you knew that anyway.
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
