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28/08/23
16:45
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Originally posted by JMiller83:
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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.
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so what is the lowest price the asx can go before we no longer take on the listing ? right now we are under that $6 price point? Will management buy shares to help it get there maybe ? what do you think will be the outcome if we continue to spiral downward? Thanks Jmiller