20% goes to repaying themselves, that's a red flag for me, to action a massive discounted CR (52% @ 15day VWAP) and only attract $2mil from institutions, says a lot, when no one was interested in this raise at 5 cents.
8 cent option is worthless, as nothing in the table below suggest the share price will rally from 5 cents.
There is no way they will achieve 100% of their targeted $8.9mil.
This HDNG has been a time waster and diverted cash away from the activities they are now trying to raise funds for.
Also the physical pipeline cost should be amusing, as to date GAS has delivered very little, except for the gas in the ground, above ground there is nothing to show.
I am out, there are plethora of beaten up stocks that have more appeal.Good luck to all holders.
