IHL has $33 mill in the when they did the cap raise, well and truly enough to get them through the next year and a half.
If they are saying they are good finanically now until 2025, means per $46 million is keeping them afloat until 2025, $23 million a year, so we had 1.5 years of funding already, what was the need to issue these shares now at basically yearly lows? The free attached options are just a big slap in the face.
With all these milestones coming up in the next year and half, and IHL being funded for this time, the outcome of some of these milestones would have led to jump in price , where they could have raised money a lot higher, with less dilution, instead of now, when they dont need the funds and they chose to do a cap raise around yearly lows where dilution could not be worse.
Extremely bad decision making here, like a lot of holders here, left scratching my head, and now little skeptical of managements decsison making, IHL should of only accepted a cap raise if we were getting some amazing deal, even should of been a premium and definitely not free options attached if its a discount, as we did not need the cash at this point of time, so why accept anything unless its amazing, the share price could of been raised a lot higher over the next 18 months, instead we raise at a discount with free options.
That huge dilution and a lot of over hang thats going to make it hard to even see over 20c or even 30c any time soon imo. At the time of the cap raise we were above 25c, and we wouldnt be down here at 7cents if they didnt dilute us for no reason and show everyone bad decision making and diluting us to high heaven.
That was the beginning of the end for IHL, you and the other cheerleaders who cant see critically can say all you want, but facts are facts , since that decison we are down over 80%, I think thats subjectively a bad decision.
IHL Price at posting:
7.4¢ Sentiment: Hold Disclosure: Held
