31M shares at .09C equals $2790000. CH do you really think RRL are going to spend that much so save on stationary costs. Thats enough for 6500 feet of drilling, about 3 drills.
Your comment about taking these of the market is one of the most ridiculous ramps I have ever seen.
At best SIBO or Abraham’s would buy them. More likely is that a broker will take the lot at a discount to market price and then sell them to make his profit.
RRL have suggested that they will sell them and I expect holders will receive the average sale price.
I think you should apologize to the BB for blatantly misleading.
RRL still have a debt to Lind for the statutory interest and legal fees. Lind are entitled to sell the Collateral shares and then notify RRL, so that the debt is reduced. This is very clear in the court documents.
If they sell as a lump sum the price would drop, so the action of slowly selling would be a legitimate way of showing that they had maxed the revenue from the sale as the average price would be higher.
CH you really need to understand the ASX rules on umarketable parcels before misleading people. You also need to understand the court rules on the requirements to mitigate losses as well as reading the court appeal documents on the process following the sale of collateral shares.
Now let me see do I believe anyone has enough conviction to short this right now with with the 31M shares from the unmarketable parcel sale facility likely to be taken off the market from next week and Lind holding their 38 million shares until they are worth more than they were worth wen they acquired them. Not a chance!
With the potential for 31M shares from the Unmarketable Parcel sale facility due to be tradable from next week and Lind possibly selling their 38M Collateral shares to cover the unpaid legal fees and statutory interest which RRL have not announced as paid, I can see why you are suggesting a short.
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