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29/10/19
15:58
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Originally posted by MickeyMantle536:
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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.
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Yep from what I have heard they love this one and are holding Long term. Days where it drops are bit are never fun, but that is the way it goes. I am a LT holder.