I've put my money where my sentiment is with this one and...

I've put my money where my sentiment is with this one and exercised every HEGO I held. I did talk to the good lady about biting the bank for $150k and doing another million of them but she was very much not interested. Instead I dug deeper into my pocket and stumped up for an additional 100k of the heads. Oppies were to be had for giveaway prices in the last few days of trading.

Chances are the company will be interested in doing a placement of the shortfall to sophisticated and institutional investors. Even in these tough times HEG at 15c are a real bargain. Traded volume has been very low and arb sellers have depressed the price by pushing large volumes onto the market. This selling should be gone by now so any investor looking for a significant quantum will tend to push up the price. Negotiating a placement at 15c would be a sound move.