Thanks Magic....I've not been on the pulse with RRR for a while, I guess that's good at least there's less chance of a default. However for existing shareholders, the prices could be dragged all the way down to 0.01p unless AB pulls off miracle.
re: Nominal Value
Yup. On 23rd Dec 2014. "Accordingly, each of the 2,371,116,172 existing ordinary shares of 0.1p each in the capital of the Company ("Existing Ordinary Shares") will be subdivided into one deferred share of 0.09p each ("Deferred Shares") and one new Ordinary Share of 0.01p each ("New Ordinary Shares")." http://www.investegate.co.uk/red-rock-resources--rrr-/rns/result-of-agm--capital-re-organisation/201412231332246100A/ So shares can now be issued (should they be required) right the way down to 0.01p.
Hope all your Red Rockers are doing well....I was on the conference call a few months ago and noted that AB suggested funds can not be raised under the nominal 0.1p mark. Has there been a further update to this? Has the nominal value been reduced to allow future placings etc. Fingers crossed for you all, the water is choppy out there.
in five years this
hasnt given any shareholder value at all but lets face it the boss keeps getting a fine salary out of us so its value for him at least
RE: What it really said!
Funny that. I had a post removed too. Never happened to me before. All I asked was: What does "execution of deal documentation" mean?
Give it away....lol Setting the scene are we... Not a great update IMO , holders will have the chance to get more much cheaper before March imo
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