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RF Capital Group Inc is a financial services firm. The company's operating segment includes Wealth Management and Corporate. It generates maximum revenue from the Wealth Management segment. The operations segment provides carrying broker services to third parties, including trade execution, clearing, and settlement services.

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Resource Capital Gold Corp > Sprott lending takeover or Shell company

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Post by damianchosenone on Jun 08, 2019 5:32pm

Sprott lending takeover or Shell company

Heard these are going to be the 2 most possible scenarios. Maybe a 3rd is a 1 cent buyout, but I heard there are no bids for over 20 million and 20 million is needed for all creditors. After that Eric sport would be next on list for payout as biggest shareholder.

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Comment by LeftBook on Jun 09, 2019 4:43pm

the one cent buyout is $22.25M 31.3M assets - 9.05M haircut - 18.3M liabilities - 2.2M SISP = 1.75M shareholder equity $1.75M/175M shares = 1c/sh I assume the deal you mentioned would include the valuable tax credits - all for 1c. It would be an ugly scenario. If that is 3rd on the ranking, and the other bids are greater than $22.25M. It is not clear how "no higher than $20M ...more

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Resource Capital Gold Corp