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It says he knows its going to be voted down... he'll probably...

Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #

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Owen67

438 Posts.

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20/05/22

06:58

Post #: 61513440
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Originally posted by Taurean7: ↑

There appears to be little doubt that the $35M block sold down on Wednesday was Freeman Road’s holding. Apart from Fidelity International’s 10% (through HSBC Nominees) there has been no other declared holding anywhere near that size since 2017.

Being less than a 5% holding no ASX notice would be required.

View attachment 4367161

Freeman Road has been a foundation investor in ResApp since it’s managed listing in mid-2015. Chris Ntoumenopoulos also has been a ResApp director since then. Further, his Linkedin page shows him to have been a Freeman Road Strategic Advisor since mid-2016.

View attachment 4367164

Assuming the sale was Freeman Road’s, it does raise some questions about the Ntoumenopoulos connection.

What does this imply about the ResApp Board’s thinking if a member advises the brokered sale at $0.110 rather than waiting for the $0.115 opportunity that the Board has arranged?

If Freeman Road has gone, are there any implications for Ntoumenopoulos’s remaining on the Board?

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It says he knows its going to be voted down... he'll probably just buy back in after it drops. While we're on that...will it drop back to pre-offer price after the takeover offer is rejected? Lots of eyes on RAP now not to mention to Covid screening potential....

RAP Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
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It says he knows its going to be voted down... he'll probably...

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