Ann: IHL Intends to Redomicile to US & List all Shares on Nasdaq, page-135

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DonChomphu

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10/07/23

21:41

Post #: 68716220
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Originally posted by malkazoid: ↑

Some problems with your math.

You say currently movements of 0.05c is realistic and happens daily, and you base your $5000 dollars potential profit in a 100,000 share portfolio, on this premise.

Whether to you 0.05c means $0.05 dollars, or literally 0.05 cents which would be $0.0005, both are incorrect. We're seeing daily movements of 0.5c on average in this current pattern, or $0.005. The profit or loss from a 0.5c movement on a 100,000 share portfolio would be $500, not $5000. That one zero completely changes things, doesn't it?

Shares at this end of the market valued at around $8 per share often have 50c amplitude in daily trading, yielding again a reasonable expectation of the same profit/loss projection of $500 per day after consolidation.

I respect everyone's own process in evaluating this news, and everyone will have their own criteria for how they wish to proceed but make sure you are double-checking your math and rationales as it would be a shame to make a decision based on a mistake, and to potentially mislead others in the process.

Good luck all.

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His math is correct a 0.05 change is 5000 on 100000 shares

IHL Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: IHL Intends to Redomicile to US & List all Shares on Nasdaq, page-135

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