The original point that I'm trying to debunk is this idea that TV is a paid spruiker or perhaps even works for IHL. There is no evidence for this. Your reference is simply an investor who believes in the company at that point in time. Whether or not his analysis came to fruition is not the point. Regardless of where the SP is now, his opinion was valid at the time (and still is btw), based on other comparable businesses in this field (i.e. GW) who have been bought out at those sorts of valuations. That is a reasonable comparison to make (and very typical when trying to value pre-revenue businesses like IHL), regardless of whether it has eventuated.
IHL Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
