MDDM finished higher again in the US last night @ US$4.50/share.
With 38m shares on issue this equates to a market cap.of US$171m(approx. AUD$230m).
And therefore HGR should be trading well over 50c/HGR share.
Refer to HGR announcement of 24 February 2004 and HGR's oppurtunity to acquire the IP and exclusive rights to commercialise the non-lethal electric bullets("Shockrounds").
Taser has a US market cap. of approx. US$800m and many believe that the Shockrounds product will prove to be better and very possibly the best non-lethal weapon.
And of course the market for these products is enormous and growing every day.
HGR DD due to finish soon and this deal will be huge for HGR
HGR Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
