Hi thevinnys In an ASX announcement made on 17/12/21 titled "Update on Nasdaq initial public offering in USA" Third paragraph : "Whilst that 3-month period lapsed today and it has taken several months to address comments raised by the SEC, Incannex, in conjunction with its investment bank Roth Capital Partners believes it has adequately addressed such comments, and is in a position to conduct the Offering in January 2022...."
I understand all the other points raised by you and malkazoid, but they could not list the ADS as originally planned. Dont you think that if the SEC gave the OK earlier they would not have gone through with the IPO? Otherwise why do it in the first place? ($1.2m for the whole process )Im sure the BOD and their consultants would have discussed the timeline before attempting an IPO and a listing. Just my opinion folks. Im fine with how its being handled now and have complete trust in the BOD to move forward.
IHL Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
