Max good luck to you with your holding I hope you clean up with it (disclosure I was a holder but sold at a loss a while ago).
For me this company is far too shrouded in secrecy and back room handshakes. Almost everyone involved with it has a prior connection to each other and all through previously failed business. I would have liked to see industry experts being bought on rather than Ziggys mates. Most recently a (financial planner?) who has expertise in real estate and a previous connection with Ziggy. Diversifying the companies direction through a questionable battery tech (again through a previous connection) and handing over payment and shares without first securing the IP rights.
Almost every announcement this company has produced has left unanswered questions pertaining to the management and ability of the board including undisclosed share allocation.
I would advise that you read back through the history of some of the HC threads and take note of who were the strongest advocates of this company and the quality of research they were conducting and putting forward. Then look at their sentiments now and ask why or what could have caused such a change of heart. If it was just one or two I could write it off as "it was outside of their risk portfolio" or "they found better bargins elsewhere" but when it is every single bullish holder that changes his (or her) sentiment after further research I would be strongly questioning my holdings.
Like you said it is an expected 6-12 months before tangible gains will be seen. Why not invest elsewhere for that period, make bulk cash and keep an eye on LWP in the meantime if progress is made. Even if progress is made it will be a very slow upward journey as there are a lot of SH looking to get out once it rises. Add to that the sentiment towards the board and the ammount of de-risking required you're better off putting your money in a term deposit.
All in my opinion and to all those that disagree that's fine too. There is enough money to be made out there for us all.
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