Where is the rabbit?24 Jun 2024 15:23
POW's conversion price of RRR gets re-priced if RRR raises more than 200,000. This increase the shareholder dilution.
RRR needs cash -where/how will it come?
RRAL needs cash -will it be funded by RRR, a private placement pre IPO? How much money is needed for a pre IPO, Would any one buy pre IPO shares unless they had confidence that there would be a IPO?
POW (see POW financial statements) lent money to RRR as well as RRAL so most likely that has to be paid back as well