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I hold HCH. I can't see any reason why the share price can't lift to 3 or 5 cents on the announcement of excellent results backed by a bullish market sentiment.

I also see no reason for this share price appreciate on the reality that:

- there are a substantial amount of convertible notes that eat away at shareholder equity every time that interest is converted into equity.

- the management don't really look after the small retail investors, as per the latest SPP where retail participation was severely curtailed in order to give the opportunity for the "shortfall" to be given to the underwriter for distribution to the "sophisticated" investors,

- the fact the Taurus are a shareholder. In my personal opinion, these people are opportunistic scum and are a dead weight.

- the jurisdiction.

It is my opinion that this might be a two or three bagger from here for shareholders but I won't be holding out for anything more than that.