RE: First observations23 Aug 2024 10:47
BB -Lack of confidence - far from it!
AB in early July avoided engaging in negotiating the extension on the CLNs as he intended to repay, finally, he only allowed a 3 month extension as he again feels RRR will have the cash to repay. Confidence from AB
The normal CLN extension conversion reprice is broadly set at 120% of the SP. This conversion price is at 200% sp - Confidence from the Loan Note holders
Three Duke “another kick in the teeth for long term holders” the CLN holders are all long term share holders and have suffered with you, especially those with TR1s.
Laura - who benefits from the £70,000 interest? The people who have actually put money into the company, normally at times of crisis or opportunity - not mates of AB as you suggest.
I think it is often missed that anyone buying shares is trying to get a profit and the money you pay does NOT go to the Company - it gives you the right to moan but does not help drive the company forward in anyway!
I see a great future for RRR especially if one or two projects come to fruition in the next few months