Have read all the information sent, and have come to these conclusions:
1. RRP is worth much more than 90 cents per share. The offer is opportunistic.
2. Taurus already owns Realm. The offer is so they can privatise, and make more profit.
3. Taurus can and,IMO, will give scant regard to to remaining shareholders.
4. RRP BOD can not CR, as they do not have a 20% free float, as required by ASX.
5. Realm MC should be $78M, but, sadly,Taurus is in full control of the situation.
If I had $1M in the bank, I would sign over my holding to the BOD of Realm.
So, many SH will accept the offer, because there is only one way out.
However, there is a possibility that ASX, ASIC, FIRB, may delve into the offer.
Whilst Taurus was prudent in detailing a 5.9% premium on last trade, and...........
9.8% premium on VWAP, with such a large holding, the SP was in their control.
Moreover, ASX, ASIC, FIRB, APRA and maybe? the RRP board could take action
against Taurus for some of their actions. From memory, there is something in the
Constitution about situations like this. Well thanks my 90 cents worth.
Best wishes to all shareholders, and may you prosper in the future.
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