dilutionary-delusional takeover bid

I have been a long term shareholder of HNR and over the last twelve months the share price and potential value of assets have plummetted due to the continued actions of the Board in flogging a dead horse by the name of Scandinavian Resources by the continued financial support of SCR in the form of loans and extension of interest re-payment dates.

The HNR shareholders outside of an obvious conflict of interest party that apparently holds no shares in SCR but is a director of a company that is a substantial shareholder, are being treated with contempt.

SCR is a basket case, in-debt, no cash, no market interest, sustained falling SP and limited market value.

HNR has cash, assets, good exploration potential and control over SCR, financially and script wise.

This proposed dilutionary takeover is not in the best interests of HNR shareholders, but a get out of jail card professionally and personally for the HNR board in regards to their continued support of SCR.

No conflict of interest here, who are they kidding, !!!! !!!!!

Be warned, dilutionary trend in price and shareholding will continue by this conflicted dilutionary takeover.

Everything to gain for SCR shareholders and no gain for HNR shareholders.

Disgusted, HNR share price if takeover is successful will be in the range:

6 to 7c (simply HNR+SCR current market caps - SCR loan debt/ 416522808 HNR shares) with not market volumes and still no project interest.

If SCR has a valued project then why can't they raise sufficient ongoing funds without HNR handouts?

Most likely, as a result of lazy conflicted management taking the easier route to stay in the game at the expense of again, non-conflicted HNR shareholders.