Don't get me wrong , I don't support for a second Jahn's constant downramping which has occurred constantly throughout the suspension. A time which was clearly emotive and sensitive to all those GENUINE holders who had their hard earned at play in HDY ( now PSL ) . There were others as well - Hashimoto I think was another one who was bagging the crap out of this company. So do not support these constant incorrect calls which purported the company was never going to re-list. Because If you did your homework , you would have known this to be incorrect.
Nonetheless , I have to agree with Jahn at the present moment in respects to the comment that it looks very much like a ' Pump & Dump ' . And I say this for at least a couple of reason's . The FIRST being that the BUY side which was obviously stacked beyond reasonable belief at .001 right from the outset. Even if you were to argue like I mentioned that this amount is primarily made up of those Option's holders who perhaps missed out on the Prospectus rights issue raising. There is no way these people would pay more than .001 , and so you can discount this as potentially very very rubbery , and definitely a false sense of demand. Plus if it is indeed ' Real ' volume , then it would suggest that the bulk of investors feel that this is what is really worth from a market value perspective.
The SECOND reason I would put forth , is the fact that what sort of Top 20 holder comes onto HC out of left field and appears to have not posted on any other stock including PSL - who claims he / she is a Top 20 holder , and who in addition to attempting to subdue Posters and their comments / contributions makes the rather Bold yet at the same time ridiculous statement that
' Some have put their life savings into this '. Now I would ask any investor at this end of the market - who would put their ' Life Savings ' into a stock like this. Totally smacks of desperation to make good on obviously others misfortunes when it all plays out . And there is plenty of empirical and historical evidence of deals and raisings similar to this.
So I can understand putting ones ' life savings ' into a stock like RGL where Tolga Kumova as well as myself Invested at the low 1 cent levels and ran it up to 11.5 cents or even KAI where you could invest at again the low 1's and see your investment travel all the way to 7.2 cents .
Now whilst they have also settled back from their peaks , you can make a case for putting in ' Large ' amounts of your savings into these companies because they are Quality projects....whereas anyone who had completely read the PSL prospectus would know that they are plenty of unknowns and historically unproven potential in there basket of tenements. So I'm not saying that in these times it is not possible for PSL to re-rate with some value at some point , I'm simply saying there is a lot of work to be done and so it is rather ' unlikely ' at this particular moment for it to do this based only on what it has previously completed or is currently in front of it.
So for me there are ' others ' which I would prefer if I was to say ' Put my Life Savings ' into an investment ( which I would not do anyway ) . So this comment to me smacks of complete desperation to conclude something which clearly benefits them on a whole different level to say other smaller shareholders. And you can assert your authority and / or position all you want about finding out who people are on HC yadda yadda........but it is holders like this ......like say for example Moverly Superannuation who are more under the spotlight and who if you were smart would actually know who they are already.......
And so , I don't reckon after all that has been done , and with some legal issues per the prospectus still pending and overhanging the company , that the Company would want to find itself embroiled in a petty-ante lawsuit which potentially could do far more damage to them than some smaller shareholder like Jahn.
Having said all this - Once again , I would wish all holders who endured the lengthy suspension , all the very the best of fortunes in their investments. It's just I don't agree with desperate statements made about investing ' Life Savings ' after what has previously occurred , and what we ALL know about this end of the market. So I don't believe any of that crap. I only believe in what I have accomplished in significant gains elsewhere .......not here , and not yet. I got out clean on BOTH these previously connected businesses - but am still left pondering just how that almost ' sinister ' coincidence was actually allowed to happen on the ASX in the first place. And sadly , there are still many other ASX companies out there which operate with common substantial holders as well as interwoven company Director's......and I would encourage ANY investor be they new or otherwise to thoroughly investigate these connections before they invest .....or at least know these occurrences potentially exist. Mainly so they can get a clear handle on what the actual agenda is.
They can't tell you what is going on ......even if they knew , but it appears they can still ' upramp ' with ridiculous statements of ' putting their life savings ' into a spec stock. How irresponsible is that.......
You told us the other day you sold out...so why bother? Surely you could be researching or dedicating your time towards stocks that could make you some money. I'm here for the tenements this company holds which IMO will prove outstanding in a climate where IMO Gold will have a massive Bull Run. ALL IMHO
