GREY:RIVVF - Post by User
Post by
nosieparkeron Oct 16, 2013 1:47pm
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Post# 21820679
Is my math correct?
Is my math correct?
Zoneplan/Mr. Brito now own 54% of Rio Novo (at the IPO in 2010 they did have 57%). If my math is correct, Rio Novo has spent close to $100 million dollars (including the original $9 million by Zoneplan/Brito prior to the IPO). This controlling group has managed to gain/keep control of this Company with an investment of just aprox $15 million. Input of 15% and control of 54%. I have used SEDI filings (which were reported 2 years late) and SEDAR final IPO - June 28, 2010 - for my math. Is this correct?