RE: RE: Great news - $ in from Red Kite Not sure that I can provide responses -- may be best to call somoene at Oracle for spefic responses.
I just see what's in the news releases. Seems Red Kite bought $8.33 million in equity (9.8 million shares), is paying $10 million for the NSR. Seems offtake agreement has been signed. Not sure if the $10 million loan has been made.
I think it's a great development. Significant shareholders would now include Red Kite and Richstone (Chinese group).
I think anyone selling shares now (below the financing price) has to have their head examined. OMN is trading at such a cheap level. Hence Red Kite jumping in for such a big financing at the .85 price level.