Regal Partners Ltd V.RPL

RPL news release

[monzie]

Well at least we should be going up tomorrow based solely on this paragraph:

"In total, 22 potential counter-parties have executed confidentiality agreements and have been granted access to a confidential data room created by the advisors. These parties have shown varying levels of interest in pursuing potential transactions with Renegade. In fact, since the commencement of the process, Renegade has received 20 expressions of interest with respect to either an asset or corporate transaction. A number of these expressions of interest are currently at various stages of negotiation and the Special Committee remains committed to only pursuing transactions that are in the best interests of long-term shareholder value. Due to confidentiality restrictions, and for strategic reasons, Renegade is not able to comment further on the specific nature ofany proposals considered, the proposed structure of any transaction or the proposed consideration to be received. The strategic review is ongoing and the Special Committee and its advisors are actively investigating alternatives with a view to enhancing shareholder value"