Replies to post #9899 on Hero Technologies Inc (HENC)

[RandyKCMO]

Interesting news.

Sounds like it will indirectly affect Holloman as it affects who else has percentage interest in in the Pels that we do.

Maybe someone could clarify the implications for HENC?

[Highflier69]

If I read it right a 1 to 10 stock transfer versus a 3.5X the Claren stock price for the external investment I think suggests Claren spun it off to avoid dilution and feels that there is more risk on the pels than they wanted to take. But since they raised money it may suggest that they are going to do something with them. I think the later is good for HENC even if Claren wants to remove risk. I've continued to buy to average down to lower my cost to remove risk. Sounds positive.


Did I miss something?