@T.E.P.Hi TEP, could you please provide a link showing JG...

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Nesho

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05/02/22

22:48

Post #: 59383640
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Originally posted by T.E.P.: ↑

No-one can know for sure, @French Orchard. One can only triangulate the situation from all the available pieces of evidence such as i) the backstory of what happened at the company (i.e. the reverse takeover and the exit of JG & VC from the company), ii) discussions with the current management team and iii) the comments of JG on HC. The truth is that there are a variety of factors that led to them selling their shareholding, such as: a) to lock in profit having worked hard for many years on an average salary, b) because they saw a declining valuation and were concerned that the business was not (historically) profitable and panicked (and by commencing selling they set in force a chain reaction sending the share price down further still), c) to fund their retirement, d) because the strategy of the company had changed to something they no longer felt aligned to and e) because they felt the board's actions had been unethical (disposing of them as founders and with regards to the award of performance options) etc. If you take a look at JG's posts on HC however (see my post in the other thread), you will find that comments around d) and e) feature prominently. For what it is worth, I wish them (JG & VC) both well; it is in their best interests to hold onto their remaining (sub 5%) holding. I'm not popping the champagne yet either. But it is obvious where this is going next: i) excess selling pressure has now essentially run out, ii) the business is at a dirt-cheap valuation (A$35M), iii) buyer interest is building, iv) HLF has just reported a record quarter, v) the company has pivoted into profitability, vi) margins are rising and vii) the growing Theland China relationship is opening up access to a massive market. Time will tell if this is the final chance to load up on shares, sub 15c, at prices we will probably never see again.

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@T.E.P.

Hi TEP, could you please provide a link showing JG commenting on HC? I've never seen this.

It is stunning that he mustered the courage to do this on a forum comprising of shareholders which he screwed over (or himself - if HLF does blossom into a golden egg).

Coincidentally I also found it surprising that when I sent an inquiry to Sam's Club Walmart in China, the respondent was named "Lisa Gong." Perhaps a relative of JG?

Anyway... sorry James Gong - if you're reading this - Mr Rotman is in charge of the company now. In a few months, if you like, you can reacquire it for 100m.

Last edited by Nesho: 05/02/22

HLF Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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