Wednesday, 28 September 2016

The Melbourne Horse Has Landed, Credit Suisse Now Control 18 per cent of the voting rights in Reach Energy

Money talks, bullshit walks. Credit Suisse the known yield investor (which means it will Vote NO  on the qualifying ASSeT) in Reach Energy has boosted it's stake in the SPAC.
Credit Suisse now owns more than NINE per cent in Reach Energy, giving it some 18 per cent voting rights at the up coming Reach EGM.
A 25 per cent NO vote means REACH is a DEAD SPAC.