HT8 0.00% 0.9¢ harris technology group limited

Failing to launch ... again, page-8

  1. 198 Posts.
    Sell stack is still sitting there with ~15m shares capping it from going past 2c. Share price is still around where it was roughly 2 years ago when Simon came on board.

    Loads of shares have been issued as earn-outs at today's price (another 2m announced today), on top of all those held by Patersons from over the years. Persistent sell-down each and everytime positive news is announced. Plenty of scope for ex-owners to cash out.

    BTW where is Lorenzo? Instead brought in another lightweight from the inner circle to share the pie. Some directors chipping in to buy a tiny bit of shares just to window-dress (given the low entry from way back when it won't even make a dent to their averages).

    Burnt the bridge with sophisticated investors from previous 2.3c/2.7c/3c CRs. Could only mean that ~1c CR (usually discounted from VWAP) is on its way.

    3.5c oppies with 2 months left to expire, missed opportunity to fund the next big leap forward without more dilution.

    Next acquisition (if there is one) would be at least 6 months away looking at recent run rate.

    Organic growth would need to be at least twice the industry growth rate (8%) to get to $30m revenue. What makes SHP more special than other online retailers without the size/scale/publicity?

    No real coverage or interest from any other insto/PE/family office to provide support. Occasional pump-and-dump to lure, burn and churn mums-and-dads.

    From recent posts doesn't sound like I'm the only one frustrated ...
 
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