are we being sold out, page-2

Greyhoundtrainer,

Rather than guessing, you should ring the company to set your mind at ease.

Whilst they won't be able to give you details of the proposed merger, as it is confidential, they would be able to remind you that all of the directors have substantial share interests in the company, and that Robert Hunter has way more shares than all of the posters on HC combined (and most others).

The last thing they would want to do is 'sell out'. The company is finally selling (both TruScreen and CerviScreen are out there, NOW), and it is truly on the verge of break-even -> accelerating profitability. This isn't the first company to think about merging & capital raising atm ... they are doing what is necessary to ensure they are stable and (presumably) suitably fund their growth when they need it most, at a time when few others can do so.

Everyone hates the word merger, but at this stage consolidation is required, and their products are too good to let trickle onto the marketplace because they couldn't market appropriately when they needed to.

Cheers.

p.s. unfortunate to see the SP drop near to the SPP price, but it is human nature. Although the merger prospects should have a positive affect on the SP, a number of people over the weekend probably decided to sell some to fund subscribing to the SPP. That avenue is now gone, so it'll be interesting to see where it goes from here. Let's hope it goes OK so that the company can move on, and get more favourable terms in the proposed merger.