Jun. 30 at 5:58 PM
Nick Link hasn't sold a single one of "his"
$HTOO shares. The shares are ILUS shares of HTOO. They sold a small amount and they are likely using the money for debt relief for
$ILUS. This should be bullish for ILUS. They won't have to rely on convertible debt financing that has caused so much pain for that stock.
Meanwhile HTOO is progressing back towards full NASDAQ compliance. Will they do a RS? I suspect they will because not only do they have to meet
$1 SP for continued compliance, but I believe they have to meet new listing requirements of
$3 or
$4 that is required with the upcoming change of control. HTOO appears to be nearing the finalization of an acquisition and that will be helpful to the top and bottom lines and be accretive and well worth any dilution that the acquisition may cause. But if you wish, go ahead and believe a guy who either can't get his facts straight or intentionally distorts them.
