HMD 10.0% 2.2¢ heramed limited

Ann: Quarterly Activities & Cashflow Report, page-13

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  1. 187 Posts.
    lightbulb Created with Sketch. 14
    >When Ron said don't expect millions in revenue (don't remember the full context) - why not, and when can we? Because with yearly cash burn of around $4 million, we aren't a going concern without millions in revenue.

    Hahaha, wow, did he actually say this?! This bloke sounds like a professional grifter.

    Maybe that's why they haven't uploaded the webinar yet .

    I also think it's a very charitable assumption that the reason for a lack of insider buying is because if the blackout period. HMD has been well and truly in the penny dreadful space for about six months now, that is plenty of time for directors to put their money where their mouths are.

    What a joke. And an expensive lesson: never get caught up in narrative, cashflow is king, and always own companies that have high insider EQUITY (not option) ownership.
 
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