Bernard sets the facts straight Hi Tim, please find in yellow my reply to your comments.
HPQ halted the stock mid-trading (traditionally reserved for the most important and well communicated announcements) and dropped an ambiguous news release followed by an equally vague video and post here, lacking any normal amount of clarity and information that would be needed by any normal investor in order to make a rational decision as to whether or not they should dump this stock or remortgage their home and buy every share they can get their hands on. The technology may indeed be amazing “the biggest discovery in the history of man”, but HPQ's handling of this has been quite the opposite. This was irresponsible, and HPQ decision makers are now the bigger question in my opinion.
If this technology is so revolutionary, so ground-breaking, with a $T potential to "change the world" and as such needs to be treated with the utmost care, secrecy, and security.... Why say anything? ... or at the very most, an after hours NR that only states actual facts: "HPQ has signed a no risk MOU with a research group (and keep it nameless) to assess a new system of Green H2 generation. More details will follow after an independent analysis of the system"... then skip the smug follow-up video and leave it at that?
Your comments have a feeling of “Deja Vue”, as in 2016 when a group of self-serving investors made the same types of comments questioning our decision process… History sort of proved that, while it may be messy, our decision processes are correct over the long term…
A material contract that requires TSX-V approval of the attached shares issuance part of the transaction was signed…A release detailing the transaction and terms was required… While the transaction is conditional to meeting some threshold, I deemed, based on the information I am privy to have, that the probabilities of success are very high. So, HPQ was fully within the rules do so, plus I knew that by doing the release in that fashion there was a chance I could create the seed of worries into the mind of the High-Frequency Trader with a short Bias (HFC-S) that are playing HPQ for pennies up and down and get them to overreact...
I think it worked, as I have seen many allusions by poster, most of them trying to raise Fear Uncertainties, and Doubt (FUD) in other more nervous investors about the way this release was issued…
It is human nature to try to make sense of things... "fill the void" when presented with too little information, and when the facts are extremely thin (and extremely "spun" in this case), people unfortunately, but typically, develop irrational extreme polar views (and we have seen some doozies on this one). Message boards fill with posts as people try to garner support for their factless postitions to justify excitement or placate fears. 20,000 shareholders all trying to make sense of this... all flying off in different directions. Nice work. You are not finished. "Clean up on aisle 4"!
I think you are the one overreacting, HPQ before this news had 3 vertical lines of development (QRR for Silicon Metal, NSIR for nano for batteries, and Fumed Silica) and after the news release we still have them + the H2 project option… and most of the investors I have spoken with understand that…
In the end, the buck stops with me, and I have no problem assuming my decisions and the air turbulence it as created…
Regard,
Bernard Tourillon