Yes he told me every week that the funds from Pak Marthen were coming "imminently".
Then it was that a new investor was coming along blah blah blah
Guess what - nothing that he lead me to believe actually ever eventuated. I am so glad I learnt my lesson about GMC from that whole saga.
If your source actually had any credible or price sensitive news then it should be disclosed to the market, or it it is a breach of the Corporations Act.