RE: New date24 Sep 2024 11:42
Let's be honest, even if this RTO gets finished by the end of October that's a pretty quick turnaround for an RTO.
I do wish TRAF would give us more information, but am aware they publishing an RNS does cost, and if things aren't completely final then there's no need currently for one.
The RNS will come when it's ready, and let's just hope that the TRAF holders are getting a good deal.
I'm still hopeful, considering the Mcap was a few hundred k on suspension and PURE want to be at $75m Mcap when listed (I have doubts on this). But feel we could recover 2-5x the closing price.
With the house price drop recently I actually think this may be holding up the RTO. Pure doesn't want this property in my opinion, so I think TRAF needs to get rid before the RTO completes. And I think that the TRAF holders will get the sale price plus an already agreed amount (I'm hoping a good one) worth of the new companies shares.
Fingers crossed we do get news in October.
Good luck holders.