Ann: Incannex Undertakes A$13 Million Institutional Placement, page-219

I think there is a great consensus forming that it would be great to move on from this.

Endlessly worrying how much the insto is going to make, and how much we were 'taken in' for, is not going to resolve anything.
We were made an offer when the market was still relatively healthy, and we took it.
The insto has made a different deal now, when markets are terrible, and IHL took it.

If you want to remain invested in IHL because you believe in what they have built, and where they are taking it: why not focus on the positives many posters have outlined. They won't help your bottom line today, but they stand to greatly enrich you in relatively quick order and they have all but nullified the possibility that your investment might mostly disappear in a puff of smoke due to insolvency during the recession.

It isn't only that we're now guaranteed safe financial passage through the recession with trial guns blazing.
As Joel Latham and others have pointed out, this insto is lined up to provide further funding all the way to asset sale or commercialisation regardless of where the market is at. We haven't spent much time on this forum worrying about where the 100s of millions of dollars would come from to eventuate our all of our pipelines: we left that to the BOD to figure out. Well, in this economic climate this is how they figured it out. The BOD has delivered.

I'm not fussed by how rich SIG will get from this deal. I'm stoked their firepower is behind our company, and like attracts like, as @Driver1 just mentioned. Who knows which other instos are going to follow suit. They all watch each other's moves.

In a capitalist environment, this sort of drama plays out in every success story, in every industry. The more money wielded by a single entity, the more deals skew in their favour and the more profit they make. By buying shares, we're part of this capitalist dance. We will bemoan that some make more than us, and we will rejoice at our own profits. And some will lose out. Like it or not, the institutions who throw their weight around and get better deals than us are an integral part of the enormous economic engine that sees therapies go from brainstorm to commercialisation. You tend not to get your pay day if they don't get theirs.

Onwards.