Seeking Alpha
  • Hoosier70
    Does anyone know why HK seems like it trades more in conjunction with the S&P than the price of crude?
    3/1/12
    Reply (5)
    • Studioso Research: It's basically venture capital, given that the majority of the company's shares were issued at $3.75 each: http://seekingalpha.com/a/7ctx
      3/1/12
    • Hoosier70: Thanks!
      3/1/12
    • g8trgr8t: Studioso, do you realize that they had a 1 for 3 reverse split recently
      3/1/12
    • Studioso Research: The capital raising took place at $1.25 pre-split, or $3.75 per share.
      3/2/12
    • Studioso Research: Please refer to our article discussing the HK capital raising for further information.
      3/2/12