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Re: DustyO1 post# 3227

Wednesday, 04/18/2018 8:13:37 PM

Wednesday, April 18, 2018 8:13:37 PM

Post# of 52207
Also, per the 8k, the sales agent (conacord) gets 5% of the pps of each share sold so their incentive is to not issue shares at low market levels. HMNy also says in the 8k they may not issue a single new share (they of course will though, but they all won’t be dumped on the market tomorrow). This isn’t good at all for longs short term, but I expect a huge over reaction at the opening bell tomorrow. If you look at the after hours sales, it’s actually recovered around .30 per share as the news is being digested. We all knew they would need more funding at some point here.