vote no, page-21

Rogues trade your maths is wrong.

The consolidation price is $0.017.

The issue price is $0.012. You are getting the two confused.

You want RSL to issue new shares at the current price do you?

No, they will issue the new shares at a discount to the market price. They ALWAYS repeat ALWAYS issue new shares at a discount to the market price to make the offer attractive.

So far nothing unusual about that. That price is based on $0.012.

The consolidation price is nothing less than $0.017 equating to $0.289 post consolidation. It's all there in the printout.

I'm sure they will be pretty much guaranteed that the placement will be taken up at that discount (especially as there is a 1 for 2 free attaching option).

I still don't have a problem with that.

I only wish they'd asked for more than the amount they are currently asking for.

Save a considerable expense later on.

Cheers,
Tangrams