IHL 0.00% 4.1¢ incannex healthcare limited

General discussion, page-6470

  1. 6,823 Posts.
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    There is a problem with your two statements amb005, so best refrain from calling people liars.

    Statement - You can say and think what you want but that doesnt change reality, and reality is I have owned IHL for years since 1.9cents and havent sold a single one from that first buy.

    Statement 2 - I hold a core (the original position I bought at 1.9) and trade around this. I have not sold a single one of my original purchase, its a different account.

    I think we can all draw the right conclusion here........no comment necessary.

    BTW, I have a small holding left in ECS and know it well. I know Alex the CEO and had high hopes for it at one stage but as Mickey says, it isn't about revenue. Cultivation is a race to the bottom IMO and subject to horrendous margin squeeze. The large market caps are about novel IP protected drug discoveries. I have been fortunate in my investment career but I can't think of one stock where I made multi bagger returns that have had revenue. Hope ECS does well but that model is a difficult one. Will never see valuations for it that are possible with drug discovery.
    Last edited by andres: 08/07/21
 
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