Is it just me or is anyone else pretty pissed about the new financing deal. Everything looks pretty good except (and it's a big one), the issuing of 50 million options to Macquarie at 13.5c instead of their 27.7m at $0.27?
If HGO were to ever trade again at $0.27 again, that's the equivalent of giving away an extra $6.75million in equity away and thus diluting existing shareholders further.
From the announcement, I can't see any justification or benefit of that scale to existing shareholders.
I note the market hasn't exactly jumped on the news with the stock still trading at 7.9c. I wish this company would look after shareholders before their bankers and brokers. If they did, the share price wouldn't be this low...
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5.4¢ |
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Mkt cap ! $113.1M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.3¢ | $63.97K | 1.187M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 27676 | 5.4¢ |
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Price($) | Vol. | No. |
---|---|---|
5.6¢ | 410969 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 27676 | 0.054 |
11 | 502290 | 0.053 |
6 | 907709 | 0.052 |
6 | 1086882 | 0.051 |
9 | 310012 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 410969 | 2 |
0.057 | 512055 | 5 |
0.058 | 254477 | 4 |
0.059 | 1961352 | 6 |
0.060 | 4965481 | 7 |
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