I find it difficult to comprehend your doom-mongering. As
@Whatsamadoovie mentioned, Hazer this week got its second, standard 20-year patent all but sewn up, and its acceptance is now guaranteed: “A process of controlling the morphology of graphite”.
http://pericles.ipaustralia.gov.au/...312962:21295164||Examination Report No. 3:164Some useful context about the patents from
@Michaeljob from May 2018:
https://hotcopper.com.au/threads/an...ance-update.4183138/page-113?post_id=33292287Looking at the previous post, Hazer now has quite a lot more than $5.3 million in the bank (December 31 level), see p.15 or below. I can’t believe the company would scrape the barrel to raise capital at today’s prices. That would be a sign of madness after letting so many HZRO go.
Why not let two very solid patents unlock a door or two? It’s four weeks till the first is granted.
Note 9. Events after the reporting period
On 7 January 2019, 3,448,850 ordinary shares were issued on the exercise of 3,448,850 listed options (ASX code: HZRO) with an exercise price of $0.30 each raising $1,034,655. $136,327 was received in advance and $898,328 was held in a trust account at 31 December 2018 and receipted by the company in January 2019.
On 13 February 2019, the company received a $1,641,767 research and development tax refund for a claim under the Commonwealth Government’s Research and Development Tax Incentive Regime. This claim related to the prior financial year.
(20min delay)