Perhaps the BOD has cried wolf too many times with their Friday trading halts. So predictable, that this one was even predicted by some on this forum! But this one, just like the last few, couldn't even attract day traders trying to pump and dump the release! Couldn't even hold onto yesterdays close! Another fluffy announcement, with yet another claim in its title which is not supported in anyway in the announcement text.
Looks like the market thinks they should be concentrating on achieving at least one thing, rather than just promising lots of things. Lots of red flags here until they follow through on at least one project.
Some heavy ramping by the same names on these forums. I wonder if its just the same person with different handles? Anyone who questions what is happening gets shouted down.
How can an Oil sales company have a market cap of over 200 million? Real Bio tech companies have this MC, or even less, when conducting Phase 2 trials. Phase 2 trials, by the way, are when humans are involved. Can anyone find any pre-clinical phase company with a similar MC?
But at least we know the rats are doing ok.
Also a very good idea to wait until tomorrow to top up Chaya, as the "numbnuts" will continue to sell. Wait a bit longer and you will save even more money.
Removing this one from the watch list.
IHL Price at posting:
21.0¢ Sentiment: None Disclosure: Not Held
