Wouldn't be surprised to see it close $1+
It would be in Hollund's interest to see a $1 or better close to minimize the number of shares it needs to pay to HEMP for consulting, since it will pay the bill with shares at a 50% discount.
As of right now, HIMR owes HEMP $400K for Q2 and Q3 ($200K/qtr). At $0.0001, that meant pricing the shares at $0.00005, for a total of 8B shares (1.6M, post Reverse).
A $0.50 close would mean pricing the shares at $0.25, for the same 1.6M shares.
A $1 close would mean that they would only have to give HEMP 800K shares at $0.50 each, causing less dilution.
A $2 close means 400K shares paid out.
I wouldn't be surprised if we were to see an end-of-day effort to close HIMRD at $1 or better, on relatively small volume, because it might be worth it to HIMRD's management to spend a few thousand dollars to dramatically cut down the number of shares they have to pay HEMP.
They will only have this option for a few days, however, because as more shares become available for trading in people's accounts, it will be harder to move the price on small volumes.
And of course, once Hollund pays HEMP for 2Q and 3Q, it will have less incentive to keep the price up.
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