I'm afraid they have buggered up a good deal by backing it into the wrong vehicle. About 2 billion shares fully diluted has murdered what should be a star shooting north.
A reconstruction is a certainty if they want to raise cash soon. Thats good for new shareholders but a death sentence for existing.
Youd think a couple of smart accountants could have done this a bit smarter.
I can think of 3 or 4 small cap resource companies screaming out for a compay making deal like this why shove it into a bucket of shite like RCH?
Could be a long wait for this corporately to be fixed.
Bit had raise cash with 2 Billion bits of paper out there. Could do a 2 cents raising and through another billion bits of paper out there.
This cracker of a deal deserved better than this
- Forums
- ASX - By Stock
- RCH
- toom many shares on issue
RCH
richfield group limited
toom many shares on issue
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.