Replies to post #8702 on Hero Technologies Inc (HENC)

[cougar12]

2% loan, non-dilutive. unless i'm missing something, it doesn't get much better than that.

[Hamilcar54]

Now that money matters are settled i would expect a drilling announcement next week ! At last...

[Tridentone]

Agree, great news, took them months to make the decision but obviously would have been foolish not to drill this well and lose the whole concession.
Interesting though that it is not Holloman "Value" Holdings investing. I guess the board of trustees did not allow them to pour more money into this deal. So Holloman tapped another one of their subsidiaries, which they probably don't have to consolidate. Now all they need do is to run the stock up and do a large financing to get their money back.
God beware this is a dry hole, then Holloman owns just a little piece of this cangaroo pasture, not even of the whole concession.
But who cares, the good news is that Tgc can finally start drilling.