As I thought. All the weak hands being thrown on the table. Pre open is starting as a murder scene. That last news item was very misleading and they are jumping ship.Stupid buggers. Any spare cash ladies and gents might be worth your consideration in my opinion.
Australia's Incannex Healthcare Scraps U.S. IPO
21/01/2022 11:06PM By Colin Kellaher
Australia's Incannex Healthcare Ltd. on Friday shelved plans for a U.S. initial public offering.
In a filing with the U.S. Securities and Exchange Commission, Incannex said it is no longer pursuing an offering of American depositary shares at this time. It didn't give a reason.
The Victoria-based company, which is working to develop synthetic cannabinoid pharmaceutical products and psychedelic medicine therapies, had previously said it planned to offer 2.6 million ADSs, each representing 25 of its ordinary shares.
Based on Friday's price of 53 Australian cents, the offering would have raised around A$34.5 million (US$24.8 million
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