General discussion, page-16796

I’ve been meaning to say something about pricing in the US, it’s really important actually but I keep forgetting.

We don’t think the same about price as you. A company with a 9c share price in the US is probably an OTC, pink sheet security. Typically they are not investment grade and often even worse.

A micro-cap stock like IXHL with say a US$50M-$300M market cap is generally going to be trading above US$6. That’s highly attractive and how we view leverage, buying a company under $10 with an investment opinion that it could go to $100 or more. And they do.