Given that 119 shareholders contributed approx. $1118.00 each one has to wonder where the large investors are who helped fund the last HAZ revival. Also, how can the Company be so upbeat about reaching their target given the paucity of the response to their share offer and the current melt down on world share markets.
The purchase of shares around the closing date provided false hope that recovery was in the offing.
It would have been of some comfort if, like some other companies in this situation (eg MLM, SRZ), this Company had conserved funds by putting a squeeze on salaries paid but I have seen no indication that this has been done.
Now for the long wait to see if a solution can be found for a situation that should never have eventuated after the last debacle.
HAZ Price at posting:
0.8¢ Sentiment: None Disclosure: Held
