Ann: IHL completes $5m capital raise, page-111

I don’t agree with any of these conspiracy theories. Its all complete nonsense IMO.

Peloton don’t have a position yet, the placement only settles today. Also, they don’t need to “suppress” the market to get more stock, they’ll just buy it. We are talking about a group that just invested $5m to some serious names that will be targeting multiples on their money. They don’t care if some busted up discount punter panics because the price is down 3%.

IHL are going through a rapidly evolving validation process. The medicinal cannabis strategy was good enough to attract Cannvalate and Dr Sud Agarwal.

Dr Agarwal attracted a best in class medical advisory board with decades of clinical and research expertise. These experts and the opportunity has been validated by Peloton investing $5m to their family office and institutional clients. These clients aren’t reading HC and refreshing the share price on their ComSec account.

Peloton will have a good understanding of the news flow required to take IHL from a $50m market cap to something much larger and also the confidence in the Company to deliver.