TSXV:PQE.H - Post by User
Post by
deepoil0808on Aug 21, 2022 12:41am
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Post# 34909817
Royal Bank of Scotland has confirmed funds for PQE purchase
Royal Bank of Scotland has confirmed funds for PQE purchaseMy understanding of the transaction is as follows:
(a) Uniexpress Investment Holdings PLC has a bank account with the Royal Bank of Scotland.
(b) The amount of money per Feb 10, 2022 in this account was 420,000,000 EUROS, we know that it has been bumped up to accomodate Cantone PP due at end of August 2022.
(c) The funds held by Uniexpress Investment Holdings PLC, are for its client Viston
(d) The funds will be wired from the Royal Bank of Scotland to Kingsdale Advisors to proceed with buyout.
(e) Royal Bank of Scotland has confirmed to PQE via a bank notice that funds are available and, has obtained
confirmation from Uniexpress Investments Holdings PLC that it will not touch the funds in its account that are
destined for PQE.
I see alot of commentary on Uniexpress and on PQE, but the funds come from the Royal Bank of Scotland as the sender. It would not have given PQE a bank notice confirming the funds, if such funds were not available at its bank.
My personal opinion