The stock has had an all time closing high of 9.2 cents. And outside of the original RTO of $3m has never raised more than $2m in a CR before.
AGH has halved and IHL have almost by stroke of genius gone into a TH while BOT more than halved in a day and the result is a $5m raise that properly capitalises the company really for the first time at 7.8 cents and you are worried about some 8 cent options ?
Thank god you or others on this thread are not in charge of the capital management is all I can say.
This is such an astute move by management to shore up the balance sheet and to bring in support of a group such as Peloton.
Btw everyone wanting “Insto type support” well this is how the game works. They write cheque’s get a foot in the door and build the position from there.
This new group of investors needs a little more than 8 cents for a return on their investment and I imagine they are looking for multiples of 8 cents in the overall bigger picture.
Ted
IHL Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
