New Zealand State of the Art Factory up for Sale that Shareholders paid for, page-86

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petertanaka

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16/02/23

15:21

Post #: 66290760
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Originally posted by Gman70: ↑

Here is some more bad news that the BOD and Management didn't think they needed to tell us although to be fair they were busy at that time announcing the price sensitive $140,000 contract with WW to sell THM products at low margins. I did a bit of digging after the Auction aka testing the waters of our plant sign was sent to me and shock horror I have also found the other empty section we also own is up for sale, this now means that they have not renewed the lease in the original building, they are Auctioning off our state of the art plant, they are selling the section we also own beside the state of the art plant which was listed for sale on the 23rd January and they have already sold the other section that was beside that last year, there is also talk of then trying to sell the Bar line as well. Who in their right mind thinks these clowns will lease this building back for the 6 years like they have stated, once the money runs out which looks like it is going to be very soon they will default on all of this, get out why you can because I don't think the time will be long before you can't but DYOR

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what I find extremely amusing about Hlf is that the share price has fallen 99% and most of their announcements are worded as positive news…..

capital raises are positive news, record revenue and record lose are positive news and selling 140k worth of goods to Woolworth at razor thin margin are also good news

so we have had like 100 plus positive announcements worded by management and share price dropped 99% in the mean time

HLF Price at posting: 2.2¢ Sentiment: Sell Disclosure: Not Held
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