HOG hawkley oil and gas limited

Time for a change, page-4

  1. 2,369 Posts.
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    Hi Tom,

    Appreciate the effort in making board changes and posting on HC.

    I assume that this will mean current shareholders will be diluted to oblivion. 450 million shares currently on issue. Minimum of 2.5 billion shares at 0.2 cents or more likley 5 billion at 0.1 cent to raise the $5 mil, and then likely a 10 for 1 consolidation or something similar. Worse if raising more than $5 mil.

    Point being you are asking shareholders to choose between a worthless or next to worthless investment. There is not much in it for them.

    Who do you have lined up for all these shares, and will it be a classic case of directors mates getting their fill and lining their pockets on a SP pump?

    FWIW I will be voting for the change.
 
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