One of the problems is the many abstainers who have basically written this investment off automatically bin their voting papers or don't even read it or just tick the chairmans box.
You and I are in the minority. Punters reading HC are also in the minority in respect of the number of shareholders.
What we really need is the larger shareholders who have been supporting them to wake up to themselves.
Surely at some point larger shareholders will need to see something from management other than reassuring words.
There's a misconception out there that larger shareholders of speccies who hold firm when their investment is failing know something or are smarter than the rest. Look at the history of speccies who have gone into administration. Have a look at there Top 20 list and you will see they know no more than the other shareholders. The only difference is they think they know more.
OBL Price at posting:
0.4¢ Sentiment: None Disclosure: Held
