platina float? who's interested?, page-21

What's in it for HLX and HLX holders? HLX retains only 10,000 shares for itself giving HLX shareholders the chance to bag a minimum of 69% (21.5M shares) of the float. A further 9.5M (31%) shares are available for HLX holders' over subscriptions, and public offer. That is, 31,010,000 shares are to be offered to raise $6.2M.
A very generous offer to HLX shareholders giving them a priority grab at around 100% the platina IPO.(provided none granted as public offer)
What's in it for HLX. Well no cash for a start, but freedom to concentrate on the gold, diamonds, uranium and other assets they hold.
Makes me wonder at the weak hand comments posted earlier on this thread, and really, Pat's clients have had access to this information since the 5th of April. As a Pats client myself I'm certainly in for the undersubscriptions and have been aware of details since then. I'm not bagging it. I'm for it, and I'm not listening to critics who are unqualified self appointed experts who really don't have a clue about the economics or geology of the leases.