that people are still spending time on this farce..it is suspended we can come back here once it starts trading..meanwhile there so much action foem me elsewhere AFRN/SEF/POG just to name few...looking at Sefton saga it seems we still have some hope left but only once we resume from 0.1P or 0.2P...
"cheap point." Absolutely hilarious. Carve breaks cover to say "I am uncomfortable about one of the answers". He cannot follow his question up with RIG or privately with Mr Chen because he holds no shares currently, I believe. And other posters who also have escaped from Range ownership (lucky beggars) come on here to tick up Carve's silly OP and suggest it was "sensible". Just cover your keyboards with duck tape for 3 weeks and probably Mr Chen will give us a full list of who is on Board of each stakeholder, how many shares they hold, and (as a result of bugging their phones and emails) which of them intend to take Range private and out of hands of PI's.
It is a small AIM company worth about £30m (about price of Wilfried Boney) with about 20 active shareholders (who all seem very constructive and are beginning to work well with new BOD) and a couple of hundred like me and carve who are shouting praise and abuse from sidelines - usually against each other. GLA.
If you read Question 10 and the answer, it seems to me that Range took the decision to force Lind's hand and not the other way around. The loan is secured against Texas asset and shares which the BOD do not want to issue. I don't see that Lind have much option other than to agree a deal as going any other route would make them have to wait even longer for their money and with no guarantee that they would get priority over other creditors in any case.
10. Recent RNS advising that Lind has called its loan has raised considerable concern in the Range investors community, many fearing this is the end of their investment. Can the management provide some words of comfort that Range is simply progressing with normal commercial discussions?
"Management has reviewed the Lind facility, and believed it does not fit with the Company’s growth requirements and corporate objectives, and therefore Range has communicated to Lind that it wishes to repay this facility in cash and intend on using the Core Capital financing to meet such final repayment. Management submitted a settlement proposal to Lind for their consideration and remains confident to achieve an acceptable outcome."
The latrines are more conducive at 28 The Esplanade. Same reason that Reikie changed venue of AGM in Perth.
Keep these quaestions and theories coming, lads. Pure entertainment. Sure they will want to add all of yours to the list for RIG meeting and next Q&A on Friday 13th next. Two to add:
Why is next Q & A on Friday 13th? (bit eerie) How many times does Eva use the loo adjacent to her new office? How comfortable is her seat and how large her pc screen? Can the staff in Trinny have a blue uniform, as red has not been lucky for us?
I did say I will refrain from posting until there are new developments because I don't want to cause distress to shareholders unnecessarily. There are no new developments apart from quite positive sounding plans from BOD.
However, the reason I am posting is I would like to draw your attentions to the inconsistencies contained within the first question. Some of the directors are clearly connected to LO currently. Just look at the directors appointment RNS and see their current directorships. That would make me very uncomfortable.
I was hoping the more eagle eyed would have picked that bit up.
Back to lurking. Still wishing most on here good luck.
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