Ann: Hazer Intellectual Property Update, page-45

That was an option on the table last week, supported by reports on Geoff Wards position and the lack of news flow.
I posed the question directly to HZR via email

The rumour mill, which includes reports of interactions with the new CEO Geoff Ward is suggesting HZR is not interested in raising capital by exercise of the options expiring on 31/12/18 (HZRO). To this end no promotion of data received will occur, just the minimum legal requirements.
HZRs lack of interest is premised on
Its belief that capital can be raised at lesser dilution/ higher price
Options are not shares, so no duty exists towards holders
Options are a traders play thing

Reply
but what I can say is it is certainly of value for Options to be exercised for Hazer and this is being pursued, the difficulty is more about the current global market

This is quoted from a larger email reply and I realise it is suspicious to part quote without a name or reference, but think emails are private and this is pushing my own limits as to what is appropriate to forward. Please feel free to make your own enquiries with HZR.

This week news has begun to flow, perhaps even a little rushed, so I am now convinced they would like the cash injection the options conversion would give. The question is more whether it can be achieved in the remaining time, with the current market volatility generally acting in an exaggerated manner on low cap, pre revenue tech stocks.