Ann: Placement of $500,000 / Proceeding with Reno, page-6

re: Ann: Placement of $500,000 / Proceeding w... > Why would you take up the offer when u can buy cheaper on market?

Current offer price is 19c.

CR is 1c more at 20c, but you get 1 (30c) option for every two shares issued.

Theres only 66,000 shares available at less than offer price of 20c.

Of course you could bid at less, say 17c.... and hope to fill.

Comes down to choice. If Death Adder results get released with positive outcomes, then price may be > 20c, in which case you might buy into CR. You can wait and see on that one, since we haven't heard anything.

I am glad that they did price in at > current Market Price though.



Question more likely is why buy at all (on market or CR)?

Obviously buying in the CR provides funds to the company. Buying on market doesn't. Loyal holders may choose to put in to prop up existing holdings (but I don't think there are (m)any of those left on HC).

Are you throwing out good money after bad? Or just pushing through the current negative period ready to reap the benefits?