Jun. 25 at 4:00 AM
$INHD good news and bad news…
First, the good news is that this is currently a Nasdaq trading halt, not an SEC suspension. The bad news is that nobody publicly knows how long it will last.
The
$INHD board formed an independent special committee to investigate the trading activity. Management stated it was not aware of any undisclosed material corporate developments that would explain the unusual trading.
Nobody knows how long the halt will last.
An educated guess is the stock will drop fast to around
$19 or lower and then experience a temporary squeeze back up past
$40-
$60 range for shorts to cover and then drop back down really fast and keep dropping over several trading sessions.