Hey tiger, I remember you from the VLA forum, yelling and...

Hey tiger,

I remember you from the VLA forum, yelling and screaming at management for not making a deal as you expected it months before. And in that case, no promises were made.

Selfmade, has been here for the last 18months taking losses with the rest of us, all in the beleif that the technology is well on its way.. why would he believe that and why would he be angry and frustrated now?? Let’s look at the facts.

Hazer is an amazing discovery that has transitioned from lab to pilot plant scale in the last 2 years. It was funded to IPO by MAC equity, who were keen to make as much as they could from pump and dumps, managing to get the sp up around the 60c mark. Where lots of us bought in.

Management decided they wanted to work in a different direction and Geoff Pocock either quit or was asked to leave, depending on what you believe.. having a CEO removed or quit smashed the share price down to the 40c mark, and the blow up with Mac equity got them to sell it down to 19c at one stage.

So Hazer employed Tom Murrel media manager, and embarked on a capital city tour of road shows to ‘get the name out there’. During that time selfmade, attended one of these shows, as did I, in different cities, viewing the same investor presentation. During that presentation we were told there will be lots of comunication to years end. In the form of graphite purification results, graphite lubrication results, the FEED study release, which will provide hazer a re-rate, and on more than 1 occasion were told that this would be released in 6-8 weeks. (Not just me, the whole room of 50 people).. and along with the FEED results would be the MIN royalty rate. And all the while looking at this slide from the presentation.

On this presentation I bought more hazer options, looking to hold as many shares as I could going into next year, hoping to sell some to convert the rest.. now these are my investment decisions, and I knew the risks.. no one is to blame for me for that decision.

I trusted what I had been told and believe the hazer story whole heartedly..

All was going well, then Geoff Ward turned up and no communication occurred. I had a chat to geoff and asked what the go was with the communication, he said there is no point telling people what has already been achieved.

I don’t get that, because as you know, in shareholders minds, without communication it doesn’t happen, and there would be lots of people watching this from the sidelines, especially now, cause if the options aren’t in the money, Geoff told me that he would raise capital. That will obviously be at a discount, or to a corporate..

As low key has pointed out many times, better to have passsionate investors convert options than to have some corporate buy in a capital raise at a discount dropping the sp further.

Now tiger, you say you want a slow sp rise, so communication is not important. As we have all seen with any speccy, no communication means no interest, means low volume, means slow drops, the sp can be moved significantly (manipulated) by a small sell order. So no communication = slow trudge backwards.

During the road shows, we saw a slow even rise, as the message was getting out there compounded by good, regular communication about events during that time. From 19c to 40c. Geoff Ward enters, no communication saw us just last week at 27c.. all of a sudden an announcement about patents and we get back to where we should be 32c plus. Go figure.

Now, here is another scenario, we have no communication for say 4 months, then, we get told the MRL plant is a success, and they are now planing on building the first commercial scale plant and will be ready in 4 months, as the planning is being done during the pilot plant construction. And then show projected income from that with a royalty rate attached. Our sp would rocket to 45, or 50c. Now tell me again how speradic communication keeps the sp as a steady rise again.

Now, maybe they don’t have the data, maybe they don’t have the graphite results, yet, at the Techknow confrence I attended I was told that the graphite purification results were fantastic. I was told 6-8weeks for feed. That was mid November for 8 weeks. I think they have the data.

So I ask you, how is selfmade supposed to feel. As I do. Disappointed and frustrated. Again, we both made our decisions and have to deal with that.

But on top of that, this amazing product that hazer have, this new technology is going to revolutionise transport, and energy markets all over the world.. I still want to be a big part of that and hold as much as I can. But a good guy told me that the best ideas amount for nought if run by poor governance.. and let’s recap that track record at the moment.

Pump and dumps by ipo, CEO removed or quit, road shows talking up hazer, then not rolling through. New ceo decides that a capital raise is better then communicating with holders.

I am not trying to talk hazer down, again I believe it’s going to be massive, but right now after being a part of this for 2 years, I have no trust.

So tiger when you see context, it’s a whole different game, that I still want to be a part of.