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9.0¢ real energy corporation limited

yeah thats what i was saying few weeks back ,dam annoying in...

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wingnuts

129 Posts.

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31/03/17

18:56

Post #: 23780274
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Originally posted by nine lives ↑

UY Scuti, good find. A quick bit of follow up research and there seems to be a lot of news around mid Feb about Och-Ziff being hit with a record fine for their corruption plus they had heaps of investors pull billions from the fund. They had a loss last year of over 130 million dollars. Little wonder they have had to cash up some assets and something like RLE would have been no more than a side bet for them. This is really important to know because it tells us the likely reason for Och Ziff selling down was that they have their backs to the wall and need to do some financial house cleaning and not that they are privvy to some special information concerning RLE.

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yeah thats what i was saying few weeks back ,dam annoying in such an illiquid thinly traded share like this , killed the price .

RLE Price at posting: 4.1¢ Sentiment: Hold Disclosure: Held
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