What folks are not taking into account is the lux fund and compartments within the fund.
Company’s are investing in Henry for long term future earnings potential. I think note holders are converting now without the standard market discount of 20+% off retail. This is why we are seeing trades at .000095 ish for blocks of 25mill.
I also feel these note holders will dump shares on retail at a much higher price than Henry is trying to negotiate as of today. Remember over 10bill shares are held by note holders.
Henry has around 10mill to buyback shares. Why would a note holder accept a broker deal if they feel they can dump shares on retail short/mid term for better returns.
Note holders saw financials to lend the money along with the business plan. Retail didn’t get to see this. Big rumor is Henry lost a major broker deal to take back a large amount of note holder shares in October.
Things are mostly put in place. Worse case we see unaudited financials and a buyback with a release of news as to how many shares Henry took back on broker deals. If we are not around 3bill shares when this is all said and done we will see an RS to get to that level.
Mid term we need $0.75 pps to meet the ADE requirements and from the funding source for said project.
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