this pos is going back to 2 bucks as soon as they try to issue those new shares.there is no demand for new shares on hero.this deal does nothing to help hero earnings because the rigs have no permits.this has been a pure pump and dump all along.after they fail to sell the new shares hero will see new lows and hawk will be a penny stock.
Yeah the price might fall a bit once the new shares are issued. Depends on what the people who ultimately end up with the issued shares do.
If they end up in HAWK's debtor's hands my guess is they will sell. If they make to the shareholders my guess is some will hold as HAWK and HERO were similiar.
If they don't want the stock they will sell it off and sure the price will go down. This is not an issue for long term holders, more like a temporary opportunity if you still believe in the long theory.
It's not a share offering that immediately dilutes the stock. They are receiving assets in exchange for the shares. Since your calls on Massey Energy and BP were so wrong it gives me hope HERO will be a huge winner.
you are a born losers mike and tofurker.just look at your day chart and hold your nose.i made a lot of money short mee and got out bp i held and lost.but neither matter here.you are just plain wrong and i am glad you are losing your money.so just keep on averaging down.ha ha ha ha ha.kma.