Buying on the market by BOD The BOD is in a complete Black-out ATM. They are prevented from buying shares on the open market.(Per ASX rules) Joel for one said he is personally in possession of unblinded trial results which means buying is not allowed. As for Bob Clarke, his purchases would need to be declared to the ASX, Joel was quite adamant that none of the BOD can buy on the market ATM
Clarion Peter Wiidows also attended tonight The clinic has been "INUNDATED" with Registrations of Interest. When asked about Margins he said they would be "Healthy" .... "I am a business person and I deal in "healthy" margins." They have employees already in place ... Practice Manager etc. all ready to start just waiting for sign-off from TGA. Asked about Insurance / Medicare / DVA etc. all is being worked on behind the scenes in pursuit of rebates. Just a matter of watching this space in the interim all new patients will be Full Paying Patients. Asked if they would be enough for the next 12 months and he agreed there would be no issue in having enough full-payment patients for now. Peter said Clarion Clinics was by far the most advanced in the delivery of these new services by time and scale.
We discussed the 15.5% ownership of the Clinics, he said they have to qualify... so they are on incentive agreements to get their shares. If all goes well then they will also receive some share of new clinics but not in Pyschennex Pty Ltd.
Regarding PSI GAD Joel re-iterated the lengths they are going to take PSI-GAD through to an IND with the FDA, although results have not been released, re-states their confidence in the possibility of a good outcome in upcoming results. The trial has completed dosing its last patient. It is the aim to proceed directly to the USA for further Trials in a blended Phase 2/3 similar to 42X, he is confident the data from the 72 patients will be sufficient for this pathway too. YES they are going to submit a TGA application to treat GAD through the Clarion Clinics was the results from PSI-GAD trial are released
IHL-675A The same for 675A .. 100+ Trial patients here in Australia Ph2 will be sufficient for a P2/P3 Trial IND Application with the FDA once complete
Re-domicile news The registry in USA deal is nearly wrapped up. Automic will pass all IHL Shareholder/ings over to the new Registry in the USA once the vote confirmed The new Registry will act the same as Automic has been here. It will just be a matter of IHL Holders logging in and finding their new IXHL Holdings. The Registry will have a dedicated Incannex web landing page for ease of service to holders. Also, a 24-hour hotline for Incannex shareholders to speak with Register consultants to assist in navigation to their holdings. A Bonus too that the new Registry is also a Broker so you can buy & sell via them too or use your own Commsec NAB etc. broker. Current Staff members in Australia will stay in Australia including Joel. Joel will make quarterly visits to the USA Appointments for new positions in the USA are being undertaken
Bob Clark@ime003 has posted on this "Options Package" which is still in play. No need to extend the expiry and no discussion from either side both are still confident.
GUMS @Aneurysm their future potential is huge... news is forthcoming concerning one of them that has already been through Ph2. I am sure you understand the problem in the USA currently with Opiods this is a focus of US investors enquiring about Incannex ATM. Stay tuned..
@JMiller83 We had Troy, Peter, Joel, and Julian there, and all were very open to one-on-one discussions. I had discussions with each of them... each mentioned the hard work Joel has been doing behind the scenes in the past 12 months to make this move a success, all of his contacts in the USA are ready and waiting for us to move over. There is a sense of confidence amongst them, that they have done their due diligence thoroughly, and the company will be welcomed by the Investment community over there.
Joel did mention Dr Sud and said they were in communication and respected him and his situation and are working through it as best they can.
I am sure I haven't answered everyone's requests but tried to cover as best I could, so many other posters asking questions that it was hard for me to get a word in !!!!!
Good luck all ...so pleased to have met up with so many other Brisbane-based holders too!
Overall all positive, with no disruptions, everyone that was there had easy access to all BOD members in attendance.
So happy to be going to NASDAQ, my vote is a big Yes.
