HZL - HZ Lim

yogi-in-oz said:

Hi folks,

HZL ..... here's how we see the time cycles lining up
for this IPO, over the next 6 months ... it may well
develop into a good trading stock:

03-06112006 ... 2 positive cycles = finance news?

10-13112006 ... 2 cycles to bring positive news?

24-27112006 ... 2 cycles - more news - finances?

06122006 ... significant and negative cycle here.

18122006 ... significant and negative news?

22-27122006 ... 2 opposing cycles = flat trading

04-08012007 ... 2 cycles bring positive spotlight onto HZL

15012007 ... minor

23012007 ... minor news?

2601-02022007 ... 2 significant and negative cycles here.

05022007 ... minor rally?

06-21022007 ... significant and negative cycle underlying HZL,
with negative financial news expected on 08022007?

05032007 ... negative spotlight on HZL

16032007 ... minor

29032007 ... significant and positive ... finances???

31032007 ... significant and negative news?

04042007 ... minor

19042007 ... minor news

24042007 ... 2 significant and negative cycles here

03-04052007 ... 2 significant and positive cycles should
bring positive news for HZL ...

happy days

yogi



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Monday 27 November 2017

17-405MR Former executive chairman of Healthzone sentenced to 4 years and 3 months imprisonment for fraud

Former Healthzone Limited director, Mr Peter David Roach, was sentenced on Friday 24 November in the Sydney District Court to 4 years and 3 months imprisonment for fraud and related offences. The sentencing comes after Mr Roach was found guilty on 12 October 2017 of conspiracy to dishonestly obtain a $1 million director's loan, as well as two counts of providing false and misleading information to the ASX and six counts of falsifying company documents. Mr Roach must serve a minimum of 2 years and 3 months of his sentence in prison before becoming eligible for parole.

The jury hearing the case found that Mr Roach conspired with Ge Wu, a fellow director of Healthzone, to defraud the Commonwealth Bank of Australia (CBA) and Healthzone by obtaining a $1 million loan. The $1 million was loaned to Healthzone by CBA for on-lending to Mr Roach to buy shares in Healthzone. Instead, Mr Roach used $900,000 of those funds to settle a family-related property issue and did not purchase any shares with the money from the loan. Instead, he used the balance to pay personal and business related expenses (refer: 17-345MR and 14-165MR).

The Court heard that both he and Mr Wu knew that the true purpose of the loan was to settle this family-related property issue and not to purchase shares in Healthzone as represented to the CBA and the board of directors.

Following CBA providing the loan, Mr Roach authorised two ASX announcements to be made which falsely stated that he had purchased shares in Healthzone. No such purchase took place. In addition, Mr Roach falsified company documents, including altering legal advice provided by Healthzone's lawyers.

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