The only thing "wrong" I can see in this one is that it is going to be a few months until anything happens. I spoke to Mike Hendriks yesterday (lovely man if anyone needs to call him- his mobile is on the ANN). He was suitably happy about the proposed acquisition and said the company will be doing more promotion of the new company when it all moves forward. He said the business numbers are really very good, and you've quoted some of that, blueballs.
As per ANN, there is another entitlement issue coming up post-consolidation: 1 for 1, with two free HTIO options, which will be in the money @ 20c, and we are consolidating to 20c. Options immediately in the money- those have to be the best value on the ASX, imo. Currently, HTIO have no liquidity, but they will have post-consolidation.
Not much to do now but hold and wait.
HTI Price at posting:
0.1¢ Sentiment: None Disclosure: Held
