Ann: Quarterly Activity and Cashflow Report, page-14

They were intentionally under suspension despite knowing the court outcome. They had been executing a set of plans to make the suspension lengthy as much as possible, and loot as much money as possible through backdoor in the name of inflated expenses. They have been proceeding with a set of plans to have their buddies buy as many shares as possible at the cheapest price, to show progress in all fronts, and have their buddies offload the shares when the price is high. They know that price will definitely become high from the current rock bottom. They need to keep showing that the company makes profit through their process and staff optimisations, which is important for them to take loan from banks. Bank need to be assued that they are worthy to repay the loan.

ASIC needs to be watchful of the HCT in particular, and similar companies in general. Another key observations, when the directors of a company do not buy, it means that these directors are just in the company to get paid without becoming confident of the potential of the company. Why did Rajen not offer in-stock remuneration and incentive to the directors? Why do the directors stay in the company where they know cladestine fraud and lotting in place to cheat the SHs.

GLTAH to have as much and as decent return as possible to offset the decent return with the CG realised elsewhere.