They would want to do something soon. It’s not pretty atm....

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15/11/22

18:45

Post #: 64789831
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Originally posted by DavidCall ↑

My take on the updated 4C. If you note it includes a new section on bank financing and draw down facilities. IMO they have 3 options going forward.

3 options going forward.

1. Bev as major shareholder takes the company private. He would have to pay a premium relative to current share price. He would also have to commit a large amount of ongoing capital.(Elon/Twitter)

2. They dilute and do a cap raise. Simply crazy at current valuation and would also dilute Bev’s shareholding and piss off major shareholder and smaller investors.

3. They take out bank / financing agreement with a draw down facility. Interest only charged on draw down component of that facility. The loan large enough for some breathing room and take IHR to cash flow positive.

They have stated they have no reason to believe options available to them can’t be actioned.

There is no reason they can’t get finance especially if they secure a guarantor..

The business simply has to much potential going forward
and I don’t believe they are relying on the government grant to keep them afloat.

No doubt this is a make or break quarter. I’m holding and
things will look very different when the market has security over the future of the business.. This is an incredible business with global potential.

IMO thinks will look very promising over the coming quarters. And that will be reflected in the share price over time.

GLTA

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They would want to do something soon. It’s not pretty atm. Looking more like I backed the wrong pony. Gltah

IHR Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

2 Great analysis

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