This video is worth watching. It is very short but you can see how smart the BOD is. In summary, the Nasdaq Biotech is seen as oversold relative to the S&P 500. The view is that we will see some strong catalysts that should see the Biotech index double in the next few years. What perfect timing for IHL - a prospective positive OSA trial result , a U.S marketing effort and opening the doors for what will likely be a very hot sector.
Having said that, it doesn't really matter as positive OSA results puts IHL on the path to corporate action - which is not stock market pricing but values on a commercial basis. Exactly where we want to be!
A great buying window ATM that I don't think will last long. Congrats to the BOD again for a fantastic strategic move.