I do tend towards that line of thinking. While I can't say I *know* anybody's motivations, it doesn't make a great deal of sense as a "hornswoggle" (great word!). And they've definitely pushed boundaries and made mistakes. It could still pan out reasonably well, with time. But, emphasis on the "with time".
I also feel for more recent holders. In some sense, they did have more information, because more was known about the unlisted investments in the later stages, but the price had already been ramped-up and everybody was relying on some incorrect/incomplete info too.
Fingers crossed that it won't be too bad. Right now, I'm intending to hold, but that might change based on the information we get before trading starts up again. BHD is obviously suffering right now too, so that will be fascinating to watch - it's either a great opportunity to get in at a discount, or ...
HML Price at posting:
$1.99 Sentiment: Hold Disclosure: Held
