A previous post suggested Hartleys had valued RFE at $1.05 a share.....and then they bargain for a 20% discount from the previous close of 66c and receive placement at 55c a share......Sad
This quote from the company.... “This Placement has not only provided the funding for our aggressive development program in Oklahoma, but also introduced to our register a number of committed Australian and international institutional and sophisticated investors – individuals and groups who we feel will become important partners as the company continues its development.�
of course they will, if you give them an instant 20% profit at the expense of shareholders...and by the sounds of it they intend to keep giving their new friends discounts on plenty more raisings........poor effort by management... Cheers
RFE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held