It would have been supremely irresponsible and a poor commercial decision to continue with an IPO event in Janurary based on market conditions, the damage may have infact been significant to not only immediate capital raising but also to the detriment of any future capital events.
The decision to postpone any IPO was another big tick in my opinion from the BOD and I was super pleased it was pulled, thia isn't a coc k up but a smart commercial decision and exactly the kind you want from your leadership team.
IHL Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
