RE: Early morning dump2 Sep 2022 14:38
Can I just confirm that I am not defending the current BOD. As I previously mentioned the simple volume of negative comments is evidence that the BOD needs to improve its communication/proactiveness, but I dont see their current silence/alienation as the main reason for the price fall - but it clearly hasnt helped.
However it is important to just look at the facts rather than resort to conspiracy theories. I dont use HL but from the comments here the situation appears farcical and needs to be resolved.
Cahus - with regards to your speeding ticket which was put out on 5th Jan after the initial rise from about 0.18 to 0.4. This was mainly caused by the expectancy of something concrete regarding Dynasty IPO/Buyout, and caused by comments made by Matt Lodge in late November stating something to happen by end Q1. Speculation was rife at the time valuing Dynasty at 2/300m, and the comment from Matt Lodge has proven to be incorrect and way ahead of itself.
When a company makes an RNS - It has to ask - would a hypothetical ‘reasonable investor’, out to maximise their economic self-interest, be likely to use the information in making their investment decision?
Clearly the rife speculation at the time was completely incorrect so the company must make a comment as per above. Funnily enough the RNS only caused a short pause because two weeks later the SP actually hit 0.6 ish
Conversely the fall from the highs has simply been a gradual fall over 6 months or so, and clearly caused by the bear market, no news and punters selling - so no RNS required