HMD (ASX) Ann: Notice of Annual General Meeting/Proxy Form

Originally posted by dunnomuch: ↑

well mate… it was a meeting that went longer than planned and needed a bit more detail required by the shareholders in order to be satisfied. All in all… dunno?

The key takeaways, for me at least, were:
GC Health is pretty much signed off on starting this week or next so 9 months post that date it will be complete. GC Health is able to assist in the take up of HeraCARE by other hospitals in its zone (GC down to Tweed zone). Biggest part of GC Health is Medicare. Without Medicare billing numbers etc it can’t go any further in the public system. GC health apparently is assisting HeraCARE get over the line with Medicare.. could be 2 birds with 1 stone outcome. That would be significant. Might also be 2 misses at once… same same.. it would be significant.

RHC/JHC/WTF… held up in big company red tape, apparently… dunno? Not a miss but maybe not a hit? Looks like another pathway is via the private practices that use RHC. Dunno?

Other Aussie opportunities: apparently there is a very late stage conversation that is imminent… maybe heard that story before?? I made a comment that I was sure the identity would be revealed JUST prior to a capital raise.. other shareholders thought it was accurate, RW not as much… I think a raise will be just after good news because that’s what happens with all companies this end of the market.

USA.. apparently things are very close… maybe? Maybe we’ll wait for something concrete.

e-Lōvu… talks a big BIG game.. no LOI (letter of internet or sales order) for a big order… might be all talk?

Israel… bloody Israelis doing business with Israelis in Israel… Sheba is not out but it isn’t in but it never was in or out and maybe Sheba needs to decide where in or out would be should there be a requirement to be either in or out…. dunno?

Brazil, Spain, India et al… dunno mate, we’re all about Straya and the yanks… tow the company line and don’t mention the war…

ultimately I feel that HMD was held to some account and either there were some clumsy attempts at hiding poor performance (old Dunnomuch can be pretty good at the unblinking stare and repetitious monotone of verbose queries) or there is a general sense that things are as far as can be due to holdups beyond the boards control… I feel that there is a clearer understanding of the business model and a sense that should something come through then margin will assist in funding the operation quite quickly. RW seemed quite genuine in his dismay at the glacial speed of developments. I do get the feeling that there is a fair bit of hope of a reasonable outcome in the near future.

wait and see… maybe things are close? Maybe they are but will be held up by internal red tape at the prospective companies? Almost certainly the share price is going to go lower with tax loss selling. Almost certainly the need for a raise won’t help either. I think the business is in a good spot in terms of operations but in a pickle with share price and the need for capital and ultimately is held back by big companies and government red tape… which bit gives in first ultimately will decide HMD’s fate

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Thanks mate, both for the steely eyed questions and the write up. So much promised, not much needed, but even less delivered! It feels like they’ve got the right people in the right markets to make something happen, but the track record doesn’t give us much to grasp onto. Frustrating!

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Last 1.5¢		Change 0.000(0.00%)		Mkt cap ! $9.498M

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1.5¢	1.5¢	1.5¢	$1.342K	89.49K

Ann: Notice of Annual General Meeting/Proxy Form, page-51

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