Labor's $1b hydrogen plan zeros in on Qld, page-44

Yep. When us optionholders were shouting at management for not getting the options in the money, there were some in this forum saying that management don't have an obligation to optionholders.

But we warned everyone that Hazer needed the money.

Hazer are talking about doing a $10m project with $6m in the bank.

Even if they get funding from ARENA of $7M, they will still have to raise money in the next few months, and by the looks of things probably at around $0.20. 

Would have been a much better plan to get options in the money at $0.30.

Institutions don't touch small caps with no capital because they know a raise is coming, and the price will go lower.

Good ideas don't make it anywhere without capital.

Also, a lot of loyal shareholders also held options and were burned, so there is absolutely no interest from the market (retail or institutional).

If only they left Mark Edwards in charge - the shareprice would be $0.40 cents, they'd have $15m in the bank, and sentiment would be high.