The 1foot Investor plus 9foot disruptor., page-191

a few months back when the 10 footer started his HML posts I was grateful for his digging and also some of the better posts here from HML detractors that made me aware of things I hadn't known or looked out for. I thought that if I've been deceived and am holding an investment that's worth a small percentage of it's listed value, or nothing, then I'd rather know now.

here's the way that I look at this now:
The HML/JB group were found to have made multiple compliance breaches
They inflated assets using inter-party transactions which artificially increased NTA reporting and they've been forced to get independent valuations
They have most likely strayed beyond their stated investment remit (i certainly had no idea I'd be buying into a chicken wing shop)
They have progressed with the purchase of trading/forex companies as stated at the prices stated previously
JBL - which is very thinly traded on the NSX has remained at about $2

The 10 footer posted both facts and opinions. He shone a light on some practices that were dubious and in breach of ASX rules. However, his premise - that he stated very clearly - which is that HML/JB is a sham created to illegally deceive shareholders of capital to the benefit of the company's directors does not appear to hold up. I had a look at his latest post and it's just a lame attempt at satire that falls flat. I'd read some of his previous posts and thought that parts of them were really good but after reading that I just thought it was time spent that I wouldn't get back.

So turning to the question of why a group of non-holders post here so often in the middle of a trading halt when there's nothing going on and nothing to see. They post here to remind you (HML holders) that you are incredibly gullible and dumb investors who don't do your research and were sucked into a scam that they (non-HML holders) saw straight through. It's sport. It feels good. (i really like the justification that they're doing it out of concern for HML holders, to show us what to look out for, to help us out of a concern for our investments. yeah right, in the middle of a trading halt when we couldn't do anything about it anyway...)

Now they're here for blood and the enjoyment that they'll feel about the final indignity that comes for HML shareholders when it's delisted and written down to zero and Stuart gets carted off in handcuffs. But the ship has hit the iceberg and it's still floating? Sink damn it! HML shareholders are unhappy with the company's behaviour and lack of transparency and the never-ending trading halt. The non-holders aren't happy, they want someone to blow the siren so they can claim victory and crow about it on HC. So now everyone's p....ed off and to make matters even worse, Richmond have made it into the GF!