re: Spec Play - HGRAF

lol that would’ve been a smooth little $150k purchase.

Feel free to buy 40k shares of HGRAF too!

I think I may buy some of this next week.

I'm late to the party, so is this dip about to turn around, or do I sit on the sideline for a few more weeks?

This is a buy and hold long term. From its success over a year, it does not appear to be a pump and dump.

***I rolled the dice and bought some NUBURU a couple years ago because of this board. It shot like a rocket and crashed in a span of a few months, so it must have been a pump and dump. Yesterday I just noticed that they issued reverse stock split.

I just checked their website and there's no mention of a reverse stock split. What is your source?

quote:

---

I think he’s talking about another stock he bought in the past.

---

You sir, are correct.

quote:

---

I think he’s talking about another stock he bought in the past.

No stock split for HGRAF.

---

To clear the air this is correct. The last thing I want to do is cause a panic.

I wanted advice on buying HGRAF.

Per Grok AI re the named law firms:
"HydroGraph already has Canadian securities/corporate counsel experience on its board (e.g., a partner at a Toronto firm with relevant public-company and arrangement experience) and is working with established Canadian market participants (e.g., Canaccord as underwriter on recent financings). Adding or using competent U.S. counsel for the redomicile is standard and sufficient. In short, the named firms are excellent options if selected, but they are not a prerequisite. Another competent U.S. firm (or team) with the right cross-border public-company reorganization experience can handle the redomicile equally well—or better on cost, responsiveness, or fit with Hydrograph’s specific needs and Texas focus. The eventual choice of counsel will be a business decision by the company, not a legal requirement for the transaction to succeed. " [bolding added for emphasis]

quote:

---

Adding or using competent U.S. counsel for the redomicile is standard and sufficient. In short, the named firms are excellent options if selected, but they are not a prerequisite. Another competent U.S. firm (or team) with the right cross-border public-company reorganization experience can handle the redomicile equally well—or better on cost, responsiveness, or fit with Hydrograph’s specific needs and Texas focus. The eventual choice of counsel will be a business decision by the company, not a legal requirement for the transaction to succeed.

---

The markets don't care about who is better on cost, specific fit & Texas focus, or their responsiveness what they care about is the market signal it portrays publicly. HGRAF is no longer some tiny company they are a roughly 1.3 billion dollar company and at this size the audience is no longer the Money Board or other retail investors its the bankers, US financial institutions, future NASDAQ due diligence teams, and later offering counsel. These are the people who do look at who signed the circular and it absolutely matters.

They choose a law firm like a Kean Miller or Dudley Debosier and the reputational credibility of the circular falls versus them hiring one of those firms mentioned above.

The market doesn't care about legal sufficiency they care about the public signaling these firms provide from a credibility standpoint.

No word on the release of the circular, huh?

The market robbed us!