So the share price pulling back to this degree has nothing to do with market conditions overall according to you? More than half the small caps I monitor are down 20-30 percent of late. Your take seems pretty lopsided.
Everyone here is aware this is a spec company. Every spec stock has punters who expect results overnight, and when they don't come according to their arbitrary schedules, they sell. And that's fine - takes all sorts.
What does 'do they sell anything' mean? Are you seriously suggesting that the nature of IHL's assets and commerce somehow preclude a US listing? Feel free to explain exactly what the nature of your doubt it, if doubt it truly is. Seems you're going out of your way to cast doubt on something that is actually fairly straight-forward. Listing on a US exchange isn't rocket science, and with the right counsel, success isn't an esoteric proposal. The BOD may change their minds and decide not to list: but I sincerely doubt that will happen. They've rewarded Mr Sugar handsomely in pursuit of a favourable listing strategy: that's not a casual move that will lead to easy reversal. From where they sit, a US listing was enough of a reality in their mid term future to hire Sugar - so unless you think they are simpletons and pissed those options away, or unless you believe your vantage point is better than their's to judge the likelihood of their listing success, you really don't have a point.
As for suggesting a lack of US listing updates is somehow noteworthy, when the first announcement of these plans was Feb 11th: that's just irrational. By which standard is less than a month too long a period between announcements on such an undertaking? They didn't lead anyone to expect anything would happen imminently. You have created that expectation out of thin air.
For disambiguation: I'm not having 'a go' at you... just pressing you to do better in defence of your 'opinion'. If you have nothing better to offer, your intervention will deservedly be viewed as down-ramping, IMO.
IHL Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held