It is critical that you vote today on whether or not you want the KitD to go ahead.
Kit is now down to under USD $3 a share, which equates to approximately $5m for Hyro shareholders (or approx $0.17 per share). This calc is pre the supposed floor and pre adjusting for payment of debts. However the point is, its 'ken low and nowhere near the grossly inaccurate announcements made previously. $17.3m!!! what a pipe dream that was.........or maybe just an outright lie!!
One other point worth noting. IF the KitD deal does actually go ahead, IMO the Hyro share price falls to $0.20 offered with no bids. Who would be a buyer of Hyro with all the massive uncertainty surrounding Kit, tax and debt?? I will be a seller that's for sure!
I have already voted against the deal and I am very happy to give Gary Cohen a chance to turn the business around.
Let's hope sanity prevails and we can move in a new direction from the end of this week.
Good luck to all Hyro shareholders
HYO Price at posting:
30.0¢ Sentiment: None Disclosure: Held