The way I see it is those that shorted the stock will need to pay late fees to they settle. The current ADR’s will convert and be available to trade before we get access to ours. If those people are smart they won’t allow them to buy cheaply to cover the short. I doubt there is enough current ADR’s in the US to cover this going on the amount of people who have been affected. That is great for all shareholders and should value us higher on the back of it.
The bigger part of this for me is someone has been doing this for a long time on IHL. I think some of the sell down in price can be attributed to the shorting. Does explain the constant sell pressure.
Hopefully the shorting will cease once we get ion the Nasdaq. We can then be valued as we should be a lot higher then where we are.
Personally I would love to see the shorter pay well overs to cover their position.
IHL Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
