RE:RE:RE:RE:RE:On the subject of RCK share cap
That's a good question Carifier, one I've been scratching my head over and why I posted.
The news was a masterful work of spin
In reality the only material news in the release is that 3 big money investors took equity stakes.
If you consider a current total of 50 million shares outstanding (with rounding error)
The release says the billionaire three investors
1) Peter Thiel 5% stake
2) Andrew Howard minority position (assuming 5%)
3) Christian somebody 20%
Is it a coincidense that all these took place recently
Nov 10 - RCK does a private Placement 10 million @ .85
Nov 29 - Chairman buy 1.2 million shares private placement and warrants
Dec 6 - RCK does another PP 2.5 million shares plus warrants 1.50 rounded
Jan 4 - RCL does another PP 2.5 million shares plus warrants 1.50 rounded
One would assume that these transactions represent the billionaire investments.
The last PP closed 6 days ago
4 days ago the "Press Release" and boom stock goes from under $2.00 to $9.00.
Now that I'm looking closer the News isn't even a release from the company, it's an article first published by Bloomberg disclosing the magic of billionaire investors Peter Thiel etc... and today the IROC requests RCK to disclose any material changes to which RCK says Ummm Nope uh no, no really nothing that we know about!
Like I said this is a masterful work of spin.
The billionaires have invested the sum total of about 15 million dollars in shares that is the only thing that is real everything else is just a speculation. Looks like someone new someone who knew some billionaires, who could get an article published into Bloomberg
Could it turn into something yes, what will be really instructive is what the next NR from "the company" regarding progress on the German chemical plant says.