Ann: IHL completes $5m capital raise, page-125

Gday Plexity,

I wouldnt reaf too much into this at the moment. The heads and options have both taken a beating at the moment. As has most of the Cannabis part of the Market.

At the moment options are heads are almost indepenent of each other. Option buyers dont want to buy out of the money if able. As you noted, these options have had history of being discounted to heads. Option sellers want to sell at a price they think is fair. This is based on what they bought for, what has been the range in the recent past. And what is the price of the head.

Low volume means the majority of Sellers are not in a hurry to offload. And are willing to wait for the market to come to them . Some are dumping at Market to get out. But not many. With such low volume you cant really say anything has changed, as a handful of shares sold will move the price. If buying, throw in a low ball offer and see if anyone bites.

When positive announcements start, things will sort themselves out again, and volume will increase. With higher volume you will have a good indicator of where they are going to go.