Short term it's definitely bad. Price getting squeezed down.
Another 100K today for sale plonked on at 79c, forces genuine sellers below that mark & I'm assuming that same person is then buying at market around the 77-78c mark.
What we need right now is that buyback reinstated just to start taking chinks out of those sell orders. At the current price I don't see the harm in IOH picking up a few hundred K of our own shares.
Ether that or a director stepping in to buy $100K worth would probably do the trick.
IOH Price at posting:
77.0¢ Sentiment: Hold Disclosure: Held