Can opening

Further to the DCO process Riveroak promised that after disclosing that an entity, which was the beneficial owner of the RSP group of companies, was causing issues they promised back in January to restructure the group so it would be more open and transparent.

So several months later and noted by the Examining Authority

 they restructure their group as follows

Their idea of open and transparent must be a lot different from the rest of the population at large as all they have done is create a UK Ltd company Riveroak Investments (UK) Ltd, transferred the 9000 shares in Riveroak Strategic Partners Ltd from MIO Investments (based in Belize) to Riveroak Investments (UK) Ltd (RIUC)

This means that whoever the beneficial owner of RIUC is will also own the RSP group of companies.

60% of RIUC is owned by HLX Nominees LTD which is an opaque offshore entity which effectively precludes knowing who actually controls the RSP group of companies.

Haven't we been here before?

The Examining Authority seem underwhelmed by this latest move and has issued a further series of questions but with 2 months to go for the end of the Examination it is doubtful any meaningful responses will be received and Stonehill Park seem to agree.

Here is the rest of the funding questions issued on the 10th May 2019

Time will tell however I don't think you shouldn't hold your breath as to whether they respond by the deadline or even answer openly and transparently.