apparently thats the case, at least according to the Q from nearly 3 weeks ago?
"...On 27 June 2016, the Company issued 24.9 million shares at an issue of $0.025 to raise $622,500, together with a free attaching option exercisable at $0.035 each on or before 30 October 2016 and a free attaching options exercisable at $0.045 each on or before 31 March 2017, for every two shares subscribed for under the Placement.
The Company intends to commence a 1 for 5 non‐renounceable rights issue to shareholders which will be on the same terms as the Placement..."
Those Oct 3.5c oppies must be looking awfully unlikely to be even issued in time before they expire well out of the money
on the other hand could someone landing today presage something taking off soon?
HOR Price at posting:
1.7¢ Sentiment: Buy Disclosure: Not Held
