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www.tradingformillions.com : “People make mistakes”, whether...

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09/05/19

10:32

Post #: 38482870
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Originally posted by tradingformils: ↑

We're not worried.

People make mistakes, whether experienced of inexperienced. Whether this process takes one week, one month, or longer, who cares? It's business as usual. It's not like we're insolvent and won't come back. Nothing has changed the narrative. A simple cleansing notice needs to be approved & rectified by the courts. In that case, a mistake has been made & the company is dealing with it - business will move on as usual in the background. Hopefully when we come back to the market, the business has advanced significantly & the funding situation has been addressed, as we proposed above in another thread and in our latest blog post at length.

This situation isn't good for people that need money today or want to sell into end of year tax selling. Some weak hands that have already lost money and are sour about it, as per those gloating to be out above, are happy not to be involved. That's fine. So be it. Good on you. We hope you feel good. It's strange that most people want to make money & others to lose - its sad how the world works. You don't make long-term friendships this way - or any friendships. We actually hope no one loses money and everyone makes money.

We also hear that ~68% of the company is tied up and waiting for what's yet to come. That's a positive & explains the tighter share price in recent times.

Hopefully when we come back in a few weeks (even it it takes a bit longer...we are at the discretion of the courts) and end of year tax selling is coming to an end (or is finished) & the business has progressed further in the right direction. That way, there's a chance the market pays more attention and value to what's happening here. At the end of the day, the only thing we - shareholders - care about is making money. And that means getting the share price higher. For that to happen, we need to business to grow and progress in the right direction. And that means adding value, value, value. This takes an accumulation of events, which won't happen overnight and will happen regardless of this voluntary suspension.

Indeed, it's business as usual whether we are trading or not.

Remember, as Benjamin Graham once said, the market is a voting mechanism in the short term and a weighing mechanism in the long term. Right now, IHL isn't ready to run and has been voted somewhat negatively by the market...we all know that. It's clear. There are a lack of buyers and we have discussed this many times. But we also know that we're dealing with a deep value play (a cheap value proposition ignored by the market) with a business that's building and heading in the right direction to attract significant capital inflows. That's a positive and what matters the most. Eventually, given the current path, you would think something should change for the best.

Hopefully we have started trials, with more funding secured, and additional value propositions to show the market when we come back. There's a good chance this happens, as we are already on this pathway.

At the end of the day, we can accuse the company directors for being negligent. But blaming them to announce a simple cleansing notice and other administration errors is a joke. Management aren't focused on administrative tasks & their bonuses like most companies, but striking more deals & adding shareholder value to increase the share price. That's what matters the most and why we're invested. We sound like cheerleaders. So be it. But nothing material has changed here. In fact, thanks to this suspension, we're now NOT trading at the worst time of the year - end of year tax selling - and the business is still progressing in the right direction for shareholders at the same time.

Some would consider this a positive.

Happy holding!
-Trading For Millions
www.tradingformillions.com

Expand

Originally posted by tradingformils: ↑

We're not worried.

People make mistakes, whether experienced of inexperienced. Whether this process takes one week, one month, or longer, who cares? It's business as usual. It's not like we're insolvent and won't come back. Nothing has changed the narrative. A simple cleansing notice needs to be approved & rectified by the courts. In that case, a mistake has been made & the company is dealing with it - business will move on as usual in the background. Hopefully when we come back to the market, the business has advanced significantly & the funding situation has been addressed, as we proposed above in another thread and in our latest blog post at length.

This situation isn't good for people that need money today or want to sell into end of year tax selling. Some weak hands that have already lost money and are sour about it, as per those gloating to be out above, are happy not to be involved. That's fine. So be it. Good on you. We hope you feel good. It's strange that most people want to make money & others to lose - its sad how the world works. You don't make long-term friendships this way - or any friendships. We actually hope no one loses money and everyone makes money.

We also hear that ~68% of the company is tied up and waiting for what's yet to come. That's a positive & explains the tighter share price in recent times.

Hopefully when we come back in a few weeks (even it it takes a bit longer...we are at the discretion of the courts) and end of year tax selling is coming to an end (or is finished) & the business has progressed further in the right direction. That way, there's a chance the market pays more attention and value to what's happening here. At the end of the day, the only thing we - shareholders - care about is making money. And that means getting the share price higher. For that to happen, we need to business to grow and progress in the right direction. And that means adding value, value, value. This takes an accumulation of events, which won't happen overnight and will happen regardless of this voluntary suspension.

Indeed, it's business as usual whether we are trading or not.

Remember, as Benjamin Graham once said, the market is a voting mechanism in the short term and a weighing mechanism in the long term. Right now, IHL isn't ready to run and has been voted somewhat negatively by the market...we all know that. It's clear. There are a lack of buyers and we have discussed this many times. But we also know that we're dealing with a deep value play (a cheap value proposition ignored by the market) with a business that's building and heading in the right direction to attract significant capital inflows. That's a positive and what matters the most. Eventually, given the current path, you would think something should change for the best.

Hopefully we have started trials, with more funding secured, and additional value propositions to show the market when we come back. There's a good chance this happens, as we are already on this pathway.

At the end of the day, we can accuse the company directors for being negligent. But blaming them to announce a simple cleansing notice and other administration errors is a joke. Management aren't focused on administrative tasks & their bonuses like most companies, but striking more deals & adding shareholder value to increase the share price. That's what matters the most and why we're invested. We sound like cheerleaders. So be it. But nothing material has changed here. In fact, thanks to this suspension, we're now NOT trading at the worst time of the year - end of year tax selling - and the business is still progressing in the right direction for shareholders at the same time.

Some would consider this a positive.

Happy holding!
-Trading For Millions
www.tradingformillions.com

Expand

www.tradingformillions.com : “People make mistakes”, whether experienced of inexperienced.
Can’t argue with that.
My mistake was to trust the audited IHL 2018 Annual Report regardingthe IHLOA strike price as detailed in its “Securities Exchange Information” section.
The consequence of my mistake was the loss of $1000s.
The (costly) learning from my mistake was not to trust,on face value, information presented in “Securities Exchange Information” section ofaudited financial statements but to revalidate through the ASX. Inexperience as you have called it, mia cupla.

So Mr RampingForMillions, what is the consequence for IHLmanagement, regarding that mistake?
Not a negative financial consequence … but rather let them reward themselves with non-timely disclosure of issued ordinary shares(by way of conversion of performance rights !!!) … now through a Trading Halt causing a further issue for shareholders and their portfolio liquidity.

IHL Price at posting: 2.2¢ Sentiment: None Disclosure: Held
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