HZM13 Jun 2012 08:44
Placing of 72mil shares at 7.25p.
Major holder taking more shares, keeping the same stage in hzm.
Should be funny weeks to come to see who's taking another 40mil or so shares.
Normally it dips to about 20-30% bellow the placing price.
Around 25% more shares after dilution.
Cash balance- good for the bod, not to the shareholders.
Therefore it is a SELL to 6p or thereabouts.
I may well be wrong, as haven't researched hzm.