Post by
damianchosenone on Jun 16, 2019 7:05pm
Used to think
We would get at least 30 million for all of Rcg, but Leigh who speaks to Jack more than anyone said he would be very surprised. Also said most probable outcome is a shell. That means that rcg got below 20 million for the entire project. Was hoping for a merger where we get shares in another company but once again it seems that Sprott lending wants a cash heavy investment where they get all their cash and not shares. Also I named all the Atlantic public companies and been told it's none of them. Who could it be? Lakeland can afford it but would they want rcg? They do need tax credits for all their gains. I wish we sell 2 projects and have no debt and keep one project or merge with a big producer. I dont want a shell that will be halted for another 6 months and be looking for properties that are not top notch and a new management team. That would suck!
Comment by
LeftBook on Jun 16, 2019 10:48pm
Damian, Did Leigh say that the most probable outcome was empty shell after the May 23 post ? I recall him saying that before the post. Leigh's post refers to investments and mergers based on shares. There lmcbain's post on 5/23/2019 https://stockhouse.com/companies/bullboard?symbol=v.rcg.h&postid=29767097
Comment by
damianchosenone on Jun 16, 2019 11:01pm
Yes! We spoke yesterday. He doesn't seem to understand how I think it will sell for 30 million. Still thinks we will get out as a shell, if anything.