This Week Will be a Huge one for HRHThey have until August 1 to make everything fully binding. The huge interest in HRH now is all about the disruptive green energy technology.
Building a more solid oil asset is fine as a backup but if this tech deal doesnt go through, everyone will be gone and interest in this stock will dissappear. I'm pretty sure the company knows this.
The company needed money to get the ball rolling so I'm ok with the pp. These things are never perfect for existing shareholders but if I look at some positives it would be that the warrants attached to this pp are for one half warrant per share and not a whole warrant. So thats good. The 7 million options for management at 5 cents is good in that its only 7 million however the strike price should have been higher than 5 cents like others have mentioned.
When you look at the potential of this tech, if everything goes through, this pp will be nothing at all to be concerned with. This stock could climb to unbelievable heights and one doesnt have to look any further than SONA to see this does happen from time to time. Overall this tech has the potential to unleash something far bigger than SONA although does it really matter anyway. We all know they could be onto something massive here.
Then one other thing, if you look at how Alset is set up, who knows what other great tech might come our way also if this first one launches successfully.