HMD

0.00%

1.8¢ heramed limited

Why did the better option fall through Dunno?What do you think...

First 16 Last

Share
Profile

Follow
InItEarly

3,200 Posts.

1038

15/12/23

16:59

Post #: 71476636
Share

Originally posted by dunnomuch: ↑

What a disappointing outcome... I honestly thought we had a better option over the line on Monday evening... the biggest problem is the reactionary raising for too small an amount at too high a discount on a reducing capital base. Just blows my mind how short sighted people can be and absolutely reaffirms my belief in smaller investor bases in unlisted entities.

At the last meeting it was plainly obvious that more money was needed and instead of creating a platform from which to raise funds... we get screwed at the last minute. There was an opportunity to use a facility in essence like a SAFE note that you see a lot of in unlisted land. Basically you tip the money in almost as a loan and when the next "priced" round comes out you receive shares with a corresponding discount. Just for the sake of maths.... A 20% discount SAFE note for $100k would mean an investor tips in $100k and then when the next raise happens at say 5c there is a 20% discount applied (1c per share discount) so would receive 2.5m shares at 4c. You still get better than market price but there is materially less dilution, upon exercise of the SAFE note you would also often get an option per new share or 1 for 2,3,4 etc... less dilution so your existing shareholding is worth more... instead... we get a MASSIVE discount and savage dilution... with more to come with the rights issue...

the price is holding up because it was MASSIVELY oversubscribed by 2 new investors... we will wait to see the next T20 for confirmation... apparently there was enough interest to take $2m but they didn't want that dilution... so instead of increasing the price and backing off demand to aim for $1.25m at maybe 2.8c they just vaporise the share price and take less..... but set up for a crappy price to raise again from..... wtf.....

I can understand the frustration around timing of cashflows from places like Broward and the 3 grants that have been shortlisted for.. I get that you can be stuck between these things and that they are material... HOWEVER I can't understand why a Plan B, C and D wasn't around 6 months ago... Private Credit was available and with time enough could have been sourced to plug all the gaps... didn't work out that way though... so frustrating. What is more frustrating is that rather than raise a year of money we are at a bit better than half which means either a MATERIAL contract or 3 MATERIALISES in 3-6 months or there is ANOTHER raise... for me, I have run out of patience and trust with the board and won't be tipping in more money for raises. I can't currently buy or sell any shares so I guess its currently academic only...

sooooooooo disappointing... let's see if Ron has more shares after this....

Expand

Why did the better option fall through Dunno?

What do you think is going on here?

I know 2c is a massive discount, but what new investors are coming in on this for decent dollar now?

HMD Price at posting: 2.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The winners & losers on market if negative gearing were gone

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The market's shrugged at China's stimulus measures all year. Why is this one different?

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

There are more pages in this discussion • 16 more messages in this thread...

First 16 Last

Add HMD (ASX) to my watchlist

(20min delay)
Last 1.8¢		Change 0.000(0.00%)		Mkt cap ! $11.39M

Open	High	Low	Value	Volume
1.8¢	1.8¢	1.8¢	$900	50K

Buyers (Bids)

No.	Vol.	Price($)
4	1645009	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	200000	1

View Market Depth

No.	Vol.	Price($)
4	1645009	0.018
1	998971	0.016
2	1042548	0.015
1	200000	0.014
1	500000	0.013

Price($)	Vol.	No.
0.023	200000	1
0.024	200000	1
0.025	72222	1
0.026	156429	1
0.027	150000	1

Last trade - 12.49pm 27/09/2024 (20 minute delay)

HMD (ASX) Chart

Why did the better option fall through Dunno?What do you think...

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The winners & losers on market if negative gearing were gone

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The market's shrugged at China's stimulus measures all year. Why is this one different?

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

ACCC seeks Olam divestments before it can buy Namoi Cotton

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Why did the better option fall through Dunno?What do you think...

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The winners & losers on market if negative gearing were gone

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The market's shrugged at China's stimulus measures all year. Why is this one different?

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

ACCC seeks Olam divestments before it can buy Namoi Cotton

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News