Watch for the lodgement of a Substantial Shareholder Notice 5% in the very near future ,When the identity of this overseas investor is revealed everybody will be excited to know that they are on the share register
There recent activities overseas indicate they will not be happy with only 5% and my guess is they will continue until they reach 19.9%
They could ask directors for a placement in return for cash and shareholders would be very happy if they even got control
HCG Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held