Plough
Is this downramping?
You have been a member of HC since 2004. Very unlikely you dont know that creditors get first cut.
Right now there is a sell order for 1,000,000 shares at 7.7c which means that the SP is effectively capped and likely people are nervous due to lack of information and selling for what they can get.
The result is that 3,700,000 have been bought at about 7.1c. Likely a genuine seller offloading 1000000 shares would put them on the market in small parcels, as they are very unlikely to sell this quantity in the current market.
So either the seller is clueless or intentionly forcing down the SP. I assume the directors are able to talk to the ASX and identify the seller.
Is it in the interests of shareholders to know what is happening... Certainly. Will the directors act and let us know... If history is a guide, the answer would be NO.
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