GREY:IVITF - Post by User
Post by
TheActuaryon Aug 03, 2017 8:35am
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Post# 26541902
Bright future and many catalysts coming
Bright future and many catalysts coming
K2 Fund
K2 Fund is the reason why IMH had access to a lot of capital in the last two PP, but they are also the reason why the stock has a constant selling pressure.
They have now approximately 5.5M shares from a high of 10.4M shares, which were acquired at a price of $1.65 (half warrants at $2.35) and $1.35 (half warrants at $1.75).
Their goal is to sell the stock and keep the half warrants. When the selling pressure will end and the sales license will be granted, the stock will trade over the warrants price and IMH will benefit from another influx of cash.
Sales license
Speaking of sales license, they will get one very soon (AB Labs) and another one sooner than later (Acreage Farms). The 27M warrants available are at a price of 1.65 / 1.75 / 2.35... So no dilution to come without any cash injected at much higher market cap. I won't be surpised to see $1.50+ with AB Labs sales license, and $2.00+ with Acreage Farm sales license.
They have also many other assets and other project development that are vey promising. They have cash in hand, strong investor base with Canaccord investors, and a tight float (85M shares including options... 27M warrants but at much higher price).
Best of Lucl