All the comments suggesting that a sell down prior to a trading halt indicates bad news could be correct, if you believe that results of the trails were leaked to people that had skin in the game. There is no indication that this has ever been the case with IHL in the past, however that may not be a reflection this time (although highly unlikely). The IBB has been copping a hammering in the US for months as well as people taking profit after a 60% rise in a week is more than likely the cause of the sell down. Of course, none of this will be known until the results are published.
IHL has never appeared to have leaky ship before so I am not inclined to lean that way. Lets hope we get the results that could be a company maker and a complete de-risker for our hard earned.
IHL Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held
