IHL incannex healthcare limited

Ann: IHL Intends to Redomicile to US & List all Shares on Nasdaq, page-134

  1. 1,235 Posts.
    lightbulb Created with Sketch. 1543
    Some problems with your math.

    You say currently movements of 0.05c is realistic and happens daily, and you base your $5000 dollars potential profit in a 100,000 share portfolio, on this premise.

    Whether to you 0.05c means $0.05 dollars, or literally 0.05 cents which would be $0.0005, both are incorrect. We're seeing daily movements of 0.5c on average in this current pattern, or $0.005. The profit or loss from a 0.5c movement on a 100,000 share portfolio would be $500, not $5000. That one zero completely changes things, doesn't it?

    Shares at this end of the market valued at around $8 per share often have 50c amplitude in daily trading, yielding again a reasonable expectation of the same profit/loss projection of $500 per day after consolidation.

    I respect everyone's own process in evaluating this news, and everyone will have their own criteria for how they wish to proceed but make sure you are double-checking your math and rationales as it would be a shame to make a decision based on a mistake, and to potentially mislead others in the process.

    Good luck all.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.