Oh well I suppose everyone needs to be apart of some type of group.
Good luck to you as well.
Im waiting for the process to unfold.
ASIC have made allegations that obviously need to be proved. I have no idea what the evidence is but in any legal matter the burden of proof is up to the plaintiff in the case. If Holista or a company Director have done something wrong then the evidence will prove this. If they have not then that will obviously be proven as well.
From the ASIC media release the allegations are to do with a YouTube video in which Dr M claimed the Natshield killed coronavirus, forecasted sales for Health Therapies and an agreement with respect to the nasal balm.
The Natshield does kill human COVID and that has been proven in a US Lab. I have no idea what the DR new or didnt know at the time he made the claims however the facts are it does kill the human strain of the coronavirus.
I am not a lawyer however if they are forecasted sales and Health Therapies advised HCT of these sales based on their estimations then how can HCT be made accountable for this? From memory they were announced as Targeted Sales so they are estimated sales not actual sales and shareholders at the time should have been aware of this. During times of volatility some shareholders dont bother to read anything and just jump on because of the hype. I am sure in a lot of cases this is what has happened here.
At the time there was a hell of a lot of things going on in the USA and everyone was aware of this. Lockdowns, riots, airport closures and blockades for transport. These could have had a major impact on any businesses sales not just HCTs. A lot of businesses lost a hell of a lot of money.
With respect to the nasal balm Binding Term Sheet I have no idea about this but I am sure it will all surface sooner or later.
I still believe HCT have some very good opportunities especially with the collagen and Low GI intellectual property.
I dont make my decisions based on what people write on HC and I certainly would be of the belief that since last year EVERYTHING at the COMPANY would be being scrutinized by HCTs lawyers before anything was announced.
Anyway I am not for kicking someone in the guts when they are down and as I have stated before the Dr is the BIGGEST WINNER and the BIGGEST LOSER in the company based on the share price. I would be certain he wants what is in the best interest of the company like all other shareholders.
Good luck to all
HCT Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
(20min delay)