Not favourable to those who invest about 34billion new shares @0.024 verses Rowsley about 3 billion..later 17 into 1 consolidation..Albedo is a catalist verses Rowsely mainboard and not only Iskander but also RSP architects..Albedo have to pay to convert farmlamd into commercial..RTO next year,,by then Dow likley bear market..2009-2014..> 5 years bull run...not worth the risk in investing Albedo
As consideration for Reflections Oasis, Albedo will issue 34.55 billion new shares representing about 95 per cent of its enlarged issued capital at around 2.24 Singapore cents each to Mr Tan's Infinite Rewards Inc.
In that event, the company will not meet the shareholding spread and
distribution requirements set out in the Catalist rules. To meet such
requirements, Albedo will undertake a proposed compliance placement of
new shares, to be issued together with a partial sale of the consideration
shares.
Doom to fail...gimmick only Vicent tan n related cronies..not safe
Albedo said yesterday that it and Infinite Rewards have appointed Morgan Stanley as the global coordinator, lead manager, bookrunner and joint placement agent of the proposed compliance placement.
Shares in Albedo closed yesterday at three cents, down one cent.
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