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Re: [sharechat] RMG announcement

From:	"ryanrite" <ryanrite@xtra.co.nz>
Date:	Fri, 3 Aug 2001 07:48:58 +1200

I see SOE did the same thing 100000 shares @ $1.00 each maybe thats why
their shares are going south
Athol
been looking at buying
----- Original Message -----
From: Peter Maiden <pmaiden@today.com.au>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, August 02, 2001 8:33 PM
Subject: [sharechat] RMG announcement


> Rather odd announcement (below) from RMG today.
>
> Sounds like someone has retired and was owed A$211.000 for 'expenses
> paid on behalf of company' and on on retirement was due a A$120,369
> 'retiring gratuity'
>
> To settle this $331,369 RMG have issued shares at $0.2351
>
> Unusual thing to do? Short of cash at the time?
>
> Any comments from RMG-ers out there?
>
> Must be a story behind this announcement somewhere.
>
> The announcement -
>
> 5. Issue price or consideration        $0.2351
> 6. Purpose of the issue (if            897,490 shares for
>    issued as consideration for         reimbursement of expenses
>    the acquisition of assets,          paid on behalf of company
>    clearly identify those
>    assets)                             511,991 shares on for payment
>                                        of retiring gratuity
>
>
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References

[sharechat] RMG announcement Peter Maiden

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