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Maybe a bad vet, but you have this investment gig sorted. Great...

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dalts66

4,334 Posts.

2022

24/01/22

19:44

Post #: 59098730
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Originally posted by Badvet73: ↑

The SP has dropped from high 60's to high 40's. Should you just stick with this stock because of what you believed 12 months ago? No, in my opinion. The last week or so I have re-evaluated why I invested in IHL. We all should. One thing I continue to learn in management and in life in general is to keep asking yourself "Is what I am doing still effective and appropriate for the way the world is responding around me?"

Is IHL the same company that I first invested in sub 10c? Is it going in the direction I imagined it would and am I happy with the BOD decisions? To the first question, No. For me it has improved, it has become less of a risk (this is not no risk). The board have continued to be proactive and reactive. Yes the listing was longer then they imagined but it was a new process and it takes time. Was this delayed because of poor management? Not that I can see, they adapted to the external landscape and maybe to factors we don't know. Do I feel they mislead me? No. I am happy for the reasons they have explained for the delay. The possibility of options I think shows respect for the investors.

Are the trials failing and therefore we have no products in the future? No. The next month will tell. The choices made by management make me think they are more positive than negative but we must all keep in mind that there could be a failure. That is the risk of any small cap. For me nothing has changed so therefore my faith has not moved.

Is it internal or external factors causing the SP to dip? Both I think. The SP went up on the expectation of listing not on results so therefore it will drop if there are delays. Also the Biotech arena is a murder scene so there are external factors as well. Is it the BOD fault people bought on the assumption of Nasdaq listing? Partially I guess because they did indicate January then that changed. But the listing was just a platform for growth not the catalyst. If you bought in on that then that in my opinion was a poor choice for investing in IHL.

So to summarise for my re-evaluation of my investment, I cannot conclude for me that I would sell any shares. If my wife hadn't locked up my manhood I would buy more on these lows personally. I will wait out for the results and again reassess at this point. But again, everyone should do this for their reasons for investing and make the choice that suits their investment risk.
Here endeth the lesson.

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Maybe a bad vet, but you have this investment gig sorted. Great advice. This is the stuff that determines who makes money and who wont.

The stolen manhood could be another thread : )

IHL Price at posting: 48.0¢ Sentiment: None Disclosure: Not Held
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