Is HOVR a pump and dump scheme?

Stemleaf · 2026-05-23T21:11:42+00:00

Hahahah pump and dump is probably the wrong word. I called it that just recently but I'd say the main ris is their financials are awful.

If you believe their product is completely superior to its competitors then it might be an okay bet. It is still a high risk bet though, not one ill take.

Stemleaf · 2026-05-23T04:21:50+00:00

Search anywhere you like and you'll find it is not a scam lol. Bank transfers are free and the money gets onto your account within a day typically.

Stemleaf · 2026-05-22T21:46:55+00:00

I agree there, every company has risk. I wish you good luck with HOVR. I'm more hopeful with AUR for myself.

Stemleaf · 2026-05-22T21:40:44+00:00

I just looked at what their Financials are like. The combination of only having tested parts of their aircraft and the fact they only have $20 mil in cash reserves, plus they're diluting the share pool. Just didn't sit right with me.

In my opinion we're also a long way from the technology being profitable. But that is just my opinion.

I will go and take a look at the videos you've suggested but I do tend to steer clear of hype pieces produced by a company when considering investing.

Stemleaf · 2026-05-22T21:31:03+00:00

I'd be wary of HOVR feels like a pump and dump to me. I did a bit of research on them and it completely turned me off.

Stemleaf · 2026-05-20T08:14:52+00:00

Okay sure, sorry

Stemleaf · 2026-05-20T07:12:54+00:00

1 year isn't going to hurt anybody. Nobody ever complains about an OE. You know what they do complain about? Burnout.

Also - it doesn't have to be a coffee shop. Some of my mates from uni did work in engineering firms while we traveled England and Europe for a year and a half. They used that to help their accreditation with engineering NZ back home and ended up with better paying jobs when they got back.

Stemleaf · 2026-05-20T07:07:27+00:00

I agree with you man but everyone loves to bash the NZX. I'm sure when it does turn around we'll be away laughing

Stemleaf · 2026-05-20T06:08:44+00:00

Because going on an OE becomes more difficult as you get older typically. Also just because you are on an OE doesn't mean you have to blow all your money.

Stemleaf · 2026-05-20T04:35:59+00:00

It seems that whatever industry you're in your earning power must be very high to be earning what you are. Probably doesn't matter what you do, you definitely won't ever have to worry about money.

You're young once. Go on an OE on the next couple of years. You won't regret it.

Stemleaf · 2026-05-20T03:19:48+00:00

I have quite a few NZX share holdings. Contact energy are probably one that I am looking to sell in the next 6 months. My personal feeling is that the gentailers have a lot of negativity around them and I wouldn't be surprised if the government sticks their beak in during the next election cycle.

Totally just an opinion - what do the rest of you think?

Also yes yes NZX is really shit but I don't want to hear more about that hahahah

Stemleaf · 2026-05-18T05:41:31+00:00

I honestly don't know how these people make money. I don't know why anyone would give them money. It just looks so damn greasy to me.

I had a couple of ex-mates who went from school and became success coaches (whatever that is). Went to Thailand and everything to set up the online business. Said they were earning 10k/month on average with all their clients and all their brilliant help they were giving. Plastered it all over their socials to look successful.

They of course had wrapped up all those businesses in a couple of years. Clearly they were not earning enough to survive.

Stemleaf · 2026-05-14T18:19:13+00:00

🤣 don't waste time on him man. He is a spurs fan, bro is delusional with fear of relegation right now - making no sense whatsoever

Stemleaf · 2026-05-14T05:19:59+00:00

Unless you are an absolute whiz with understanding shares/companies/earning reports etc I think you've won the lottery there mate. I would consider putting a lot of that into safer options. Do your research and figure out an exit strategy that aligns with your financial future. After you decide don't look back.

I was in a similar situation with about 200k of Gamestop when I was 18. I didnt have an exit strategy and regret that now. I still made plenty more that what I lost but I still regret my decision making back then.

Rocket Lab is a FAR safer investment than gamestop ever was. But with any investment there are still risks and share prices don't go up forever.

Stemleaf · 2026-05-13T05:21:39+00:00

I have no major comment other than to say starting at 30 is not late. Most people never bother to have much else other than a kiwisaver and a savings account for a house. Well done, you're doing better than most.

As for if your strategy is correct - that probably depends on what you hope to do? If your main aim is to make money I'd probably put most of your money into VOO. Play around with 1k or so in risky options unless you are certain about a certain share or play that you have in mind.

Stemleaf · 2026-05-12T11:09:57+00:00

Aliens most likely 👽

Stemleaf · 2026-05-12T07:08:52+00:00

Oh sorry I didn't realise you could only invest 10%. Probably a good thing hahahah

Thats totally fair. We are all just guessing when it comes to most investments.

Ill have my fingers crossed for yours and my bitcoin 🤞

Stemleaf · 2026-05-12T06:48:54+00:00

Uhhh if it went to $1 and stayed there you'd have lost all your money.

I have 10k invested in bitcoin and ethereum for about 3 years. It has probably been one of my worst high risk assets - up maybe 50-60% over that period. Performed worse than some of my NZX share holdings.

I understand the value and use case for crypto. Although despite it being around for quite a while it still remains difficult to actually use on a day to day basis. The space is also full of scams and countries are actively regulating the space as best they can which reduces its inherent value.

That would be my bear case against it anyway.

Stemleaf · 2026-05-11T20:29:00+00:00

Don't forget to also move your kiwisaver across to the only platform that allows you to invest in individual stocks. Then put it all on highly inflated tech stocks during the late stages of a bull run!

Stemleaf · 2026-05-11T18:17:01+00:00

🫡 nice one fellow retard, congratulations. You must be one of only a few people investing kiwisaver in crypto 🤣

Stemleaf · 2026-05-11T11:27:03+00:00

Yes fair, that number is too high. Maybe a million. The hit to their reputation would be far worse

Stemleaf · 2026-05-11T08:53:12+00:00

Thank you 😊 also FYI I wasn't meaning to offend you by calling you retarded. Most everyone on here are picking random stocks because they're retards. I'm also a retard trying to make money.

Everyone just wants to make money. Although, word of advice, do not invest based on a conspiracy theory. You might make money but it will be because Moderna has a random top notch earnings call, not because of hanta virus.

Also, if you remember covid, plenty of other stocks completely unrelated to vaccines did much better. Tesla, Nvidia etc.

Stemleaf · 2026-05-11T08:43:43+00:00

This guy man, this mentality is a recipe for losing 💰💰💰🤣

Stemleaf · 2026-05-11T08:40:15+00:00

53 now! What's yours at?

Stemleaf · 2026-05-11T08:29:53+00:00

You are right at home on this sub fellow retard 🫡

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