That's true IF we don't need more equity based financing. We've gotten those negative surprises too many times over the years.
I'd hate to see HDY come across like a newletter pump-n-dump pink sheet or otcbb stock, but getting the good news out to new investors is what will drive demand for the stock.
If Mike's efforts lead to some journalist picking up the HDY story and running with it...and the stock quadruples to some sort of reasonable valuation, great. Based on what I've seen thus far, there's no real downside to Mike's method of marketing the HDY news. Obviously the Watt's family potential share sales are looming as are warrants from Rodman and Renshaw.
Big shareholders in thousands of companies over the years have hired PR/IR firms to market their stock to new investors. Mike doing it himself is the same as what's done, very normal...but more likely in the otcbb world. The shift from too few overweight investors to a larger shareholder base is part of what builds value and stability to the market cap.
I trust Ray will work this out as you noted.
Mike seems to be wanting to push, pull, or do whatever it takes to speed up the process of getting more investors into HDY via stock buys or JVP/buyout/merger. Might work, might not. If he's doing it for free, no harm done.
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