HCT 0.00% 0.5¢ holista colltech limited

Ann: Legal Dispute, page-34

  1. 585 Posts.
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    As if any of us need this case to bring to light what's wrong with management. They're incompetent and they can't sell, so they contracted the services of 8M to market and sell. It will definitely be interesting to read the claims and outcome from the Court, but they're suing for defamation and not breach of contract or misrepresentation. The fundamental structure of 8M is to take the product you have and launch it. You hire them because you don't have the expertise to do it yourself. HCT stopped paying them in Feb. There would have to be a legitimate reason for that, and it explains why the website remained under construction, probably still under construction, which is actually damaging to HCT. You just can't have coupons and promotions kicking about on the web that link to a website under construction that you can't even buy from. That's inexcusable and damaging to your client's business and you wouldn't let it happen out of respect for your own business. You do your part of the deal and you sue for the money you're owed in 8M's case, and you do your part of the deal and sue for the money wasted in HCT's case, rather than take cheap jabs in an announcement. Even if it's true. If anything, this case just demonstrates a new area of incompetence from the doc... defending his ego at the expense of share holders. He should fight this case with his own money and not use HCT funds. He is responsible for this situation personally, not HCT.
 
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