News: HCT Holista Colltech Seeks Trading Halt, page-11

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mattyedw

7,260 Posts.

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19/03/24

22:54

Post #: 72969303
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Originally posted by OliK1080 ↑

this is the part that sucks:

119 ASIC submitted, albeit faintly, that a false market persisted for an extended period of time, from April to July 2020. There is, however, as identified by ASIC, no evidence of any particular loss and damage having been suffered by investors. There is no evidence that acquirers or disposers of the company’s shares were materially prejudiced by the non-disclosure, nor that the contravening conduct was the result of any “plan” to mislead the market: see Chemeq at [99]; ASIC v Westpac Banking Corp [2022] FCA 359; 158 ACSR 647 at [122]. I am unable to find that there has been any relevant loss or damage suffered by investors, beyond what is theoretical.

Investors lost the most money when the claimed it kills COVID and then had to retract the statement because it was the feline strain they tested it on. But ASIC are toothless dogs that couldn’t be bothered prosecuting that… and all the other fluff announcements. Lesson is - start a company, list it on the ASX and make fake announcements to riches. You can’t go wrong. How can the court say investors didn’t lose money. Can they not see the SP?

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And whilst the dr has had two hrs shifting money from one entity to another from HCT ‘a kitty he has destroyed all of us combined

HCT Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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