Wednesday, March 03, 2021 10:06:44 PM
All due to hard work and perseverance by all parties. This will make for one hell of a day of celebration when it's over!
Speaking of celebration, more than 40 people in our group who were original holders have contacted me personally and told me that they purchased more warrants.
Some originally had only 100 warrants and now hold 3,000. Others originally held only 3,000 and now have 10,000. The record goes to someone who originally had just 302 and now has 15,000 and someone else who originally had only 9 and now has 7991. So I thought that was pretty awesome.
I hope that everyone gets back their money and I hope that those who got more get paid handsomely for the time that they had to wait, and the opportunity cost of them not being able to use their money.
If you think about it, the amount of money each of us lost to opportunity cost alone is enormous. If you invested just $40,000, your opportunity cost is what you could have gained investing your money over the past 5 years. You can not forget to take into account compounded interest.
These guys deserve the best of the best when this is over and I hope it happens sooner than later.
I give it 2 months. That is of course just my opinion. My guess is that two months and this whole nonsense BS is finally over.
Either from a buyout directly from the company of X per warrant, done as part of a backup insurance plan so that when the SEC does announce something, the company can cover their backs by saying that the complaints have been addressed and have been taken care of by providing relief to HMYCZ holders by purchasing all warrants on the open market at X amount per warrant. Or either by a lawsuit announced directly by the SEC, whichever comes first.
In my opinion, the company would be absolutely stupid if they do not announce some type of warrant buyout offer of $2 or $4 for each warrant. Because at $2, it will cost them only $25M, or $4 $50 million and this would serve as an insurance policy for them to put out the coming fire.
Think about it. If the SEC announces a lawsuit and the company has done nothing to provide relief, the corporation will have no excuse. BUT if the company buys out warrants, even for some very small amount like $2 or $4, then they have a valid excuse, which will make it slightly harder for us to make our claim that we have been taken advantage of and that relief has not been provided.
Does that make sense?
Anyways, the ball is in their court. We just recently emailed management letting them know our latest move. For those of you who did not receive it (or are new to this forum), the latest update is posted at the following link:
https://docs.google.com/document/d/1T1Q_pROnIYO3yWfKVf6CEsz1btv3SW4rBxhZL6x5orU
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