CNM carnegie corporation limited

Hi peeps, I have a question about REH's 235 million shares that...

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    Hi peeps, I have a question about REH's 235 million shares that they are about to receive when we all vote for the resolution next Friday. The conditions as per the summary are:

    "The Transaction is conditional upon:
    o Completion of satisfactory due diligence by both parties (complete);
    o Carnegie obtaining an Independent Expert's Report confirming that the Transaction is fair and reasonable to non-associated shareholders of Carnegie (complete);
    o Shareholder approval of the Transaction by Carnegie shareholders;
    o REH executing a restriction agreement with respect to all of the shares to be issued to it by Carnegie, to the extent required by the ASX listing rules;
    o Carnegie providing sufficient evidence that it has sufficient funds (approximately $2 million) to fund the CETO Operating Budget at completion of the Transaction;
    o Waivers of any pre-emptive rights; and
    o REH receiving Foreign Investment Review Board approval for the Transaction, if required (complete)."

    Then later in the explanatory memorandum the same condition is worded slightly differently:

    "REH executing a restriction agreement with respect to some or all of the Consideration Shares, to the extent required by the Listing Rules;"

    The difference this time is it says "some or all" rather than just "all". Anyone else notice this dicrepancy? Is it material? I don't want to be in situation where REH starts flogging some or all of its newly acquired shares on the open market. After all, they will have a lot of shares. (Acees, you follow REH closely - what is their cash position like?)

    I also recall a post here where someone indicated that REH had been told by CNM to stop selling shares but I never saw any evidence of that anywhere despite asking to see it. Apologies if I simply missed that.

    Just wondered what others thought and I would also like to hear the opinions of those with more knowledge of these matters than I.

    Thanks in advance, BB.
 
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