thanks - what did you do here in the end, anything? Having just doens some research, it appears that a buy now entitles the holder to a share in the closing down sale of TRC, at a discounted price of 3p per share: i.e., the 8p sp from today minus the 5p you recieve for being a registered shareholder... today. With a NAV of 22p, that looks like netting a700% profit over however long it takes to sell the remaining capital. And with 10m cash in bank, no funding issues either. Am i missing something?
3.8.5 Any amount standing to the credit of the share premium account of the Fund following the Placing be cancelled and reclassified as a distributable reserve of the Fund, subject to confirmation by the High Court of Justice of the Isle of Man pursuant to Section 56 of the Isle of Man Companies Act 1931.
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