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The company always said, it's not just about making money, it's...

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azumakhar

221 Posts.

09/12/17

20:23

Post #: 29510840
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Originally posted by joewolf ↑

What are you talking about people like Pinto have been invested here since probably around 2013. Its 2017 they never put out the announcements that fired up expectations. Yes I agree that exploration companies etc. very often there are expectations that are unrealistic.

Management fired this up with expectations that led to the first screaming buy that took it past $1.00 then in 2016 they shouted $18 million. Now one has fallen on their sword. We were told Nascar , Pegasus etc and very little has actually delivered. Really I pointed out that each year this company has topped up its cash and this year they said they didn't need to - now we have $15 million more.

Sorry but building a business also requires factual announcements that we can trust. As I understand it this company did not have the required residential directors for a long time... We have always lived with the nuance of A dollars vs US dollars and the fact that the company never has decided to stick to one corporate currency when reporting.

Actually I think some shareholders should actually go back over the announcements and then compare them with what actually happened. I invested based upon announcements in 2016 and thought that I was conservative and took some discount on their announcements - actually the gross margin quoted was not in the same planet. The company wouldn't tell us if they were giving away chemicals as trials - then the great revelation actually they were selling at nearly no margin... They were changing strategy ...

That some are disillusioned is not unreasonable given the gaps here. This is not gamblers - this is when reality does not equal announcements in my opinion. There is a great saying - "We learn from history that we do not learn from history." I am amazed that at times it seems a lot on HC don't seem to go backwards to understand the opportunity going forward.

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The company always said, it's not just about making money, it's more about leaving a legacy behind for years to come and I think they pretty much been spot on, a legacy of bulls that we can talk about for years to come!

AJX Price at posting: 38.0¢ Sentiment: Hold Disclosure: Held
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The company always said, it's not just about making money, it's...

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The company always said, it's not just about making money, it's...

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