Post by
LandCruiser1983 on Apr 19, 2021 12:04pm
KEY Terms to pay attention to
The LOI is non-binding and there is no assurance that the Transaction will be completed as proposed or at all.
The terms of the Transaction value Renaissance at $.35 per share or approximately $155 million.
That is it ,not hard to understand. All on paper in Press release.To buy above $.35 is to speculate that this non-binding deal will be renegotiated but NOT A SURE THING.
Comment by
Matteo1234 on Apr 19, 2021 12:16pm
I thought it was .046 of a share of RECO ? Also isn't possible they are open to higher offers ?
Comment by
DreaminJim on Apr 19, 2021 12:32pm
Matteo, you were correct in your thinking. The company used Friday's closing SP for each of them to determine the share ratio they will convert at. They ARE NOT purchasing ROE shares at .35. They are converting ROE shares to RECO at a ration of 1 ROE =.046 RECO
Comment by
Matteo1234 on Apr 19, 2021 1:19pm
As far as I understand the news release. RECO wants to aquire ROE for it's land rights. ROE shareolders get .046 a share of RECO. At $9.00 X .046 = .042 cents a share. Why is it trading at .033 cents. Does anyone have an answer ?
Comment by
Matteo1234 on Apr 19, 2021 1:52pm
I think since bondholders got paid in shares a few days ago at .015cents a share. I'm guessing they are selling
Comment by
Matteo1234 on Apr 19, 2021 2:17pm
If you want to acquire discounted RECAF today, buy RNSFF Current RECAF sp = ~$7 1 RNSFF share = 0.046 RECAF based on acquisition deal 22 RNSFF shares = ~1 RECAF 22 RNSFF shares x $0.2759 sp = $6.07/RECAF share* *Assuming the acquisition deal goes through (this seems highly likely as both companies have overlapping staff and investors).