Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Reach4Entertainment* (R4E) has announced it has entered into a conditional agreement to restructure its existing £14.785 million loan facility. This would see £5.155 million of debt converted into new shares equivalent to 12.5% of the fully diluted share capital on completion of the restructuring and a put option granted by R4E, the exercise of which would see it buy back the shares in five years for £2 million. The remainder of the facility is to be repaid in cash, with the agreement giving R4E until 30th September to secure the funding.
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Comments
David Russell
I hold a lot of Shares in R4E and I asked a friend who earns a very good living from investing about this company and he said that it as a smell to it. Not sure what he meant but he knows his stuff and he don’t need to ramp a stock. If it was about rugby or an electric guitar from the 60s or 70s he would talk all day. We will see at the meeting how they will raise the cash and what benefits will the small shareholder get and maybe I might get some profit out of this.:(