Renmark is Smarter than you may think Here is my take, and someone else can fill in the blanks...
I was advsed 6 or 7 months ago that Renmark was hired as IR and I posted it here. Now 6 or 7 months ago there was unusually high volume and rather low share price.
Renmark was quick to set up a number of broker meetings, not long after they were commissioned 6 or 7 months ago. From what I saw, their presentation to bokers was rather muted. It seemed to have been an "awareness building" effort rather than a "get in now message" ...of course that is just my opinion.
In hindsight, had they been more aggressive and brought in more new broker money, what would have happened after Monday's news?...a wholesale blood bath perhaps! What about the complete loss of faith in both Renmark and BNC from any and all who attended those presentations, and who may have taken a position? Would they have felt cheated, possible even betrayed?
Fortunately for us, Renmark and certainly Bioniche, those rather muted, information only presentations may prove to be a Godsend in the long run.
As always, that is just an opinion.