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Some of us have been here for several years and the last weeks post are much the same as they were back at the beginning with the exception of the Covid element.
In the beginning the company were targeting massive sales not just a measly 50 t which they cannot even achieve.
Forget all the gossip just go ;ook at the 5 year chart and that will tell you the whole story as to where this company is going
The use of the Covid excuse is wearing a bit thin
When i raised the subject several months ago i was told that HMI did not anticipate any disruption to output or sales.
At the time i was sceptical to say the least but as a farmer in Brasil i can report that indeed very little has changed in the countryside where we have continued operating as normal which is a big contrast to the pandemic in the major cities
As past records show even if they report 50 t sales that doesn't necessarily agree with the figures they submit to the Brasilian
Authorities. The last document i provided showed 31 t sold when their prognosis was also the magic 50 t
I hope you are a very very patient investor
If you followed this share you should realise that you will need to wait years not months and that is assuming you dont lose the lot
Others were saying buy the dip when the share dropped from 21 to 6 in 6 months......problem was the dip continued dipping and dipping.....good luck
Joey P, we have all got used to rampers like you cropping up from time to time
You are new here and if you take the time to go back over posts for the last few years you wouldnt make the comments you have
As for RNS i am still wondering how much trust can be put in them ie reported sales 50 k, sales officially reported to the Brasilian govt 29 k
No i have not sold out.
I am not a shorter to the contrary i foolishly bought in at 9.65 so no point in selling out now. I believe our only hope is for a professional and ethical entity to buy out this gouging group.
As i have farms in Brasil i have been totally aware of the Covid situation since day 1 and when i warned the consequences here i was informed that Covid would in no way affect HMI.
Go back a couple of months and review the link i posted at that time.
I know how difficult it is to do business in Brasil ...believe me
The board should also hope that the tax authorities in Brasil do not read this board . If they do they weill have many questions as to why the sales figures quoted here grossly exceed those declared to the government for royalty purposes.
Yes. and Swingy blamed me for losing his pension fund when he supposedly sold out for 10p based on my in country
information
Of course he never did . I'd guess the only interest he has in this share is the inducement he gets from ramping this dog
I hope, but doubt that he and BurtonD have a bit of remorse for their ramping which caused you SOYO and many others to lose money .
Of course one should do ones own research and a look at McMasters track record and involvement as a director of somewhere in the region of 18 companies would show that this man is a serial loser of retail investors money but always rewards himself handsomely
Here comes Swingy right on cue
Swingy answer honestly wouldn't it be nice ,honest and informative if HMI released an Investors Newsletter just like the one posted by Verde Agritech.
Even if the news was not so sexy at least it would give us all a basis on which to appraise our investments
Lets face it the stock cant get much lower. I for one feel i have to stay no matter what ...i've lost 7 per share whats another 2
Tep , John how correct you are
Burton you are not doing yourself or HMI any favours. It is obvious to all here that you pop up from time to time to try to ramp this dog of a stock.
See my posts last week i could even predict when you would post.......usually after bad news ,occasionally when there is a bit of info that may offer a glint of hope.
Anyway bottom line for me and most others here is that you have lost all credibility
Wow things must be bad when even Swingy is disappointed
i guess deceitful is not quite the same as lying
Burtons absence here to reassure us all is telling as is the refusal of an international broker to accept trades
Anyone know who the auditors are
Why the hell would Bolsonaro catching the virus cheer me up ?
Brazil is already in its biggest recession and unlike you couch sitter i have active business in the country which is suffering tremendously accentuated by the virus.
Every business there is in dire straits and to think HMI is somehow avoiding this is burying your head in the dust.
There are financial constraints on all aspects of the economy so to think that HMI can increase sales dramatically is a big joke.
It will ,however, give the BOD's a wonderful excuse as to why the business is not profitable and i am sure there will be a statement "unprecedented circumstances, unavoidable situation , blah blah blah " to justify it