An institutional placement at 38c - you could get it on market at that price last week. I would say the confidence in this must be pretty high to place these shares without a greater discount.
Then again, it is with the people who valued this at 60c on a 75% disount (and that was before RHM announced that the output could be double the Veritas valuation projections).
Let them have their 3.5M shares - welcome to the club I say. Now lets get this show on the road.
Good luck everyone - and if you are going to get some more, make it quick because I don't think they will last long at these prices (but thats just my opinion).
RHM Price at posting:
41.5¢ Sentiment: LT Buy Disclosure: Held