Thee is no thanks for pointing out how wrong so many have been over a very long time....
SP has been smashed all the way down and for many just brings up more "buying opportunities"" Wow, overloaded to start with and dug deep on high prices and are forced to average down and many have gone way past their comfort levels but feel that the SP will take a huge turn upwards soon when the magical US listing eventuates..
One of the reasons imho the selling is continous is many Aussie holders cant be botherd with a stock that trades international hours, many mum and dad investers here are just that and are not very experianced and many like to follow the "buzz"" stock and tip in...
Multi year lows are happening daily, an exedus from the NO voters are showing their hands by selling and moving on, many have already left(and are saving losses, at least for now_)a good decision by them so far..
I am of the opinion that IHL could have good legs once listed afar but the pump brigade are really shouting this like it could not fail and SP gains are just about certain, far from it, yes the Aussie market has been a destroyer of the SP but why will it change so much over in the US..?
The market is bigger for shérs, so
The market for Cannabis is bigger and more understood,,so
ECT ECT
The main befefit imo is that there is a $ sign infront of the SP over there and it is far easier diluting stock with a $ sign infront of it than it is at 8-7c and falling..
Management have already shown NO concern for shareholders when it comes to raising money, with a salary and gifted bonuses/share incentives it will be in IHL's own interest to keep that bank full of cash for year on year outlays that are a kings ransom to many...
Sure the story reads well, then they all do but multi year lows does counter the argument plenty, even if the majority do not want to listen....
IHL Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
