Ann: Incannex Undertakes A$13 Million Institutional Placement, page-180

really ?

I know he doesn't have to answer, but, the "strategic investor" approached them, ok, I get it that in hard times a discount has to be given.
But to bend over & say please & thank you while giving out 1 for 1 options at 28.5c with a multi year time line - how is that in any way shape or form good business ?

I know we have to all move on from this, but that bit sucks & I bet that when he gives this interview at some point today, the options won't get a mention. Has anyone worked out what total profit the "strategic investor" makes should they decide to sell in 2026, & say the SP is still around 35c - which is what we got taken in at for the CR ?