EHR 0.00% 0.3¢ earth heat resources ltd

release of escrowed shares, page-4

  1. 206 Posts.
    So that is approx 200,000,000 shares coming out of escrow?

    I think they would have a hard time selling them all at these levels. More likely they have an eye on upcoming events ie the debt facility and the possibility of the price increasing due a "strategic placement at a significant premium to the prevailing share price".

    So, I reckon your assessment of this decision as a demonstration of confidence in the company is spot-on, cj. Confidence, at least, in achieving these two 'milestones'.
 
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