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HLF

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0.7¢ halo food co. limited

T.E.P, calmly stated. Management in this company are a pack of...

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Golfer01

237 Posts.

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15/02/23

11:43

Post #: 66258735
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Originally posted by T.E.P.: ↑

My confidence in the team is at all-time lows, like the share price.

It is absolutely critical that Halo finds a path through to sustainable positive cashflows without a capital raise over the next 6 months - shareholders need to pile on the pressure to management on this front to make sure they do not take the easy way out (CR). I'd much rather see the team cost cut or free up assets for sale than a CR.

A capital raise at these levels would be disastrous and remove our chance of ever recovering to 12c+ levels (extreme dilution). If they can get through this next period sustainably then there is a path back to old share price levels but the first step is to reach sustainable CF+ and then remove the debt. Shareholders (including me) will breathe a massive sigh of relief if the debt can be removed.

I'm ultimately extremely disappointed with the management team - buying THM was a tremendous mistake by management and the board. But I only have myself to blame for not selling when that decision (THM) was made.

Huge lesson to learn.

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T.E.P, calmly stated. Management in this company are a pack of numpties and not fit to run a cnr dairy. One can only hope that when they are looking for their next job that would be employers would research their past and quickly advise them to contact their nearest KFC for causal work. As for a CR. Who the hell would put another cent into the hands of these idiots???

HLF Price at posting: 2.2¢ Sentiment: None Disclosure: Held
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