Glazzy from what I can tell the last sell which occurred was an action to cover funds outstanding on a convertible note. You should expect this in almost every company on the ASX if it has shares that can lead to this type of conversion where and when is up to the discretion of the note holder. Its not unusual and it is silly that some shareholders consider it unsavory behavior after all it is that money that kept the company going through the GFC so that you now have a company this well prepared to have their product tested, packaged and distributed through such a strong global network. The amount that got sold was IMO not enough to warrant an off market search for a buyer when the retail buyers are there to support the sales. Note the sale of the shares didn't effect the share price as much as the announcement indicating the sale had occurred. Its quite sad really I watched ADO drop around 50% on the hype and BS that was being pumped for one of the directors on market sales... Saddly for the punters that followed that garb and dropped out on fear have now lost due to the SP full recovery from that point. Similar as what happened here... after the last announcement...
The projected figures here against the MC lock this one in safely as a mid-long termer any short term volatility should be water off a ducks back at this level. Most of the Bios of late OBJ,ADO,PNO etc they have a long way to go to get their respective products as close to the revenue flow as HTX is atm..
The market developments on HTX could be a measuring stick for their asx sister company once product flow figures come out.
Just my Op
HTX Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
