So you can get a full share for .003 for two thirds of your holding plus a free 3 year option exercisable at 1c.
So massive dilution but heaps of BIO stocks with billions of shares on issue.
Everything to me regarding what the company is working towards makes sense however big money to see it go forward has not been forthcoming so inpsite of all the feel good potential the market isn't buying it as a real tangible opportunity (at this stage).
The issue now is that if some serious money doesn't come in after this cap raise then the company could be in serious trouble in 12 months if not earlier.
That all said I a will be taking up my rights issue along with my free options and hoping something good happens in the near term.
I am sure some will simply sell it back down to .003 after the new stock hits peoples accounts and take the stag profit but I havent got a huge holding so will let it ride.
Curious as to others thoughts?
It is a pretty quiet stock at best of times on HC.
1AD Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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