EPN (ASX) Letter to Alan Beasley

Originally posted by New Trader ↑

Good to see more buyers than sellers finally -hopefully the worm has turned on this one....

@SorryNotOZ -I've seen some of your posts over the last few months, rolled my eyes and moved on. You want me to bite -no worries.

Your posts paint you as a condescending, pretentious individual who has grandiose ideas about their own ability -which honestly isn't very good (as well as being not too proficient in English).

"....you cannot attribute short term SP variations to management. You just can't. If you do you'll lose TONS on the stocks market."

Are you serious?! You really can't see how the SP slide corresponds with the change of management....wow -do you even follow this company?

I would suggest that good management is GOLD, in fledgling companies on the ASX -especially those in a disruptive field. It can make or break a business. (Not withstanding the obvious connection here at THC).

Here is a selection of some of your words of wisdom:

21/2 (75.5c) - "..interest will pick up in march. Market is technically good to buy again.."
-no, SP dropped to 54c by end of March.

14/3 (60c) - "As such, I am expecting a bull market wave back in the MC industry soon. Mid march was
my call"
-no, no bull market wave in March.

14/3 (60c) - "Incredible what experience enables you to predict in business."
-yeah, incredible.

15/3 (60c) - "I have a feeling that buy side will be stacked from 52c upwards."
-no, sell has been stacked.

15/3 (60c) - "...I sense the bull run Iv'e been talking about starting mid march is coming. Great move by AB."
-no, still no bull run here. Yeah, awesome move by AB.

26/3 (54.5c) - "Mark my words, you won't see THC below 50c ever again."
-yep, Sp dropped to 45.5c.

27/3 (55.5c) - "....indicators oversold. Bottom bollinger. all is here for a strong new wave. Upward this time."
-no, downward another 10c.

Mate, if I was wrong as often as you -I really would think twice before spouting more nonsense.

I sincerely hope that people haven't been following your vaunted experience and expertise -one way ticket to the poorhouse.

I also note that you only popped up a few months ago -bit of a Johnny come lately seeing it fit to advise those of us who have been set here in the industry since IPO (noticed the same with your comments on the AC8 and CAN thread).

Apologies to holders for going off topic. GLTAH.

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Just for sh**s for giggles.

Let's not underestimate SorryNotOz, if s/he has got every predictions wrong, he has something right going here, maybe in a Boiler Room. LOL. (Unless you met him in person and got to know him/her. Nobody knows who's who on HC?)

Even any shareholders who have bought their shares at $1+ at high and THC sp goes down to 0.01c on some catastrophic news, if they don't sell, their loss is still a paper loss. Sure it might take many years for sp to come back up or never. Here is an entertaining story, my in-laws bought $20k worth of shares in a startup company 15 yrs ago, sp went down to almost nothing for many years and they kept the shares in bottom drawer, last year they sold their shares and cashed-in, they got over $100k. They did not check daily sp changes or took anyone's advice, stuck to their game plan. Yes, they are quiet well off but live by very simple rules when it comes to money. Remind me of famous W. Buffet comment about how rich people have more patience than their poorer neighbours.

Another entertaining story: my colleague bought A2M at $2.45/share at its rise, he was very happy when sp went over $6 and could not stand the pressure to sell as his mates told him to take his profit, so he did. He never bought back into A2M shares, he said he did his calculation recently and if he had a little bit more patience and stuck to his guns, he would of made over $40k more. Trying to learn from others around me.

My point is you should be weary of any advises or comments on HC, just read them as a pure entertainment and you will be fine. If you have invested in MC shares with your life savings while living in a rented unit and cannot afford to loose $10-20k over night, MC shares maybe not suitable for you. Let's not take anyone's comments on HC too seriously.

Personally invested in spec shares as I can wait while the companies trying to grow their businesses. The vast majority in Aust. MC because the ROI could be better than my bank interest rate over next 24 months and also the odds of making some profit from Aust MC share investment is a lot better than buying lottery tickets every week for next 5 years. I know very little about share investing but my strategy is simple, only sell in green and don't take anything on HC too seriously, just enjoy the ride.