HTG harvest technology group ltd

Ann: Release from Escrow, page-17

  1. 201 Posts.
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    I think some of us are over reacting here. The market has been smashed across the board - no one expected them to be raising at these levels.

    Is the raise at this price disappointing? Yes.

    Is the fact that Moelis got the gig following their underwhelming af report? Yes.

    Can you accurately state that instos couldnt get this done? Absolutely not. I for one think they could have had instos tie this up and continue along.

    HTG is a screaming buy at these levels. The fundamentals haven't changed, in fact, they've improved over the last 6 months. The constant sniping is disappointing (not completely directed at you @krusty900 There are a lot of people that are coming out fo the wood work right now, and have been for the last month or so to kick HTG while it's down. I understand you're concerned, but the constant fear and negativity doesn't help the price, or general confidence.

    Reading some of the posts / information that @writer, @Kyriaco and @Pisces share has been great (thank you, and others who I've forgotten, who provide such insights - they're appreciated). Reading the information put out by the company has also been great. If you're in this for the long haul the incidental price fluctuations, while disappointing, shouldn't be that concerning.

    At the AGM and in prevous ccmments by Jeff Sengelman, he made it clear the company would focus on ALL the shareholders, no matter how big or small. The company is raising circa 10%. They are giving retail the opportunity to pick up 1 share for every 10 held. Essentially, invest your money and you won't be diluted. There's no detriment to you - none. In fact, if you're a strong supporter of the company, then you actually benefit because you get to pick up shares at an absolute bargain.

    They've done a fair raise that shows there's insto support, but also allows long term investors to pick up a non-dilutive allocation. HTG is raising $11m at a time that the entire market is struggling to raise cash. We're in for an exciting 2022, especially the latter half.

    @gregwallis the Moelis report was a report released by Moelis Australia when HTG was in the 30s, shortly after having hit 40 again. The report suggested that HTG would need to raise at least $10m. The Moelis report also stated that the 12 month price target was 40. The report itself didn't contain anything that people didn't already know. It was released around the time Andy Lowrey left the company and the market was get hammered as well - it contributed to the share price being smashed down and the raise being done at these levels. The fact that Moelis got the gig to do the raise following that report was really disappointing, not unexpected, but disappointing all the same.

    @selfmaderiches I think you're pointing the fingger at the wrong guy. Paul G hasn't been about ASX companies like this, as far as I understand. Further, neither has Jeff Sengelman. HTG needed a director to assist with ASX requiremetns and investor relations, someone who was experiecned and well versed in the role. My understanding was Stuart Carmichael was brought on to be this person. The significant votes against him at the AGM - https://hotcopper.com.au/threads/ann-results-of-meeting.6457817/ indicate just how some investors felt about his role in the company.

    We've got a great team for the tech and for developing the product - they tick all the boxes. If you haven't heard Jeff Sengelman speak, I strongly suggest you do - it instills me with nothing but confidence.

    To all - take up your entitlement or shutup about the raise.

    If you're going to throw negative comments about, at least have some reasoning, otherwise what's the point than to push the shareprice lower? Supporters of the company on here (as I've mentioned above) share great insights about the company generally. I might disagree with you / your current sentiment @selfmaderiches, but I understand your reasoning. In respect of the Webex relationship - it is going well, HTG has moved to the next stage, which is a massive tick. No complaints on my part here.

    Investing at these levels, there's a 100% upside to where we were 2 months ago. There is only going to be better and more constant news flow over the next 12 months, especially with respect to price senistive deals that HTG can announce. I fully expect to see HTG at $0.60 - $1.0 by this time next year.


    Last edited by nofiller: 15/12/21
 
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