Australia's largest stock trading and investment forum Australia's #1 stock forum

IHL incannex healthcare limited

0.00%

4.1¢

Ann: Notice of General Meeting/Proxy Form, page-10

First 10 Last

Share
Profile

Follow
Exalted

1,869 Posts.

1472

19/08/21

11:41

Post #: 55410859
Share

Originally posted by tradingformils: ↑

Just adding a bit of detail/analysis to throw into the firing range...

"The actual number of ADSs (and underlying ordinary shares) and the issue price payable per ADS applied for under the IPO will be determined by the Company in conjunction with the underwriter of the IPO (Underwriter) at the conclusion of the roadshow for the IPO."

Our take: it's good to see we're heading into an extensive roadshow, likely across the US. That should drive interest into the company at the very least, potentially amplifying its position in the market. We don't recall the company doing a roadshow in the past couple of years from memory, probably because of COVID-19 travel restrictions, the fact that the company hasn't needed to raise much money/awareness, and because management have been setting the company up/positioning themselves for back-to-back drug development programs and the NASDAQ listing. So it's really good to see that we're finally marketing the company to outside investors who may not even know that IHL exists and the massive potential it offers - especially in the US.

"Although the amount to be raised and the number of Shares and ADSs to be issued in connection with the IPO are yet to be determined, the Company has resolved that the issue price of Shares will be not less than 80% of the volume weighted average price for Shares traded on ASX calculated over the 5 days on which sales in the Shares are recorded before the date on which the issue is made."

Our take:@rhino78 said it best above: "Keep in mind Joel, Troy, Alistair and Sud hold a huge number of shares, so they are not going to shoot themselves in the foot with a low ball price here.". That's spot on. The sheer fact that management own a sheeeett load of stock in this company speaks volumes and means that their actions will serve in the best interests of shareholders. It's good to see that the issue price will be no less than 80% of VWAP...so lets say a 20% discount to the 5-day VWAP. That raises another point. Given we don't know (and management doesn't know either) how many shares will be issued and at what price, we think this is the start to a potentially massive share price run...and the days of 30c and lower are over. Hopefully that's the case. But if logic serves us right, and don't hold us to it, it looks like we're heading to 40-50c before 17 September 2021 to get that 5-day VWAP up as high as possible. Then, when the NASDAQ listing comes and the company hits the world map, it's blue skies ahead! To your first million,
-Trading For Millions

Expand

Spot on TFM. Couldn't have said it any better.

That and @Ted Striker post about Roth and their previous transactions.

It's all shaping up, and only fools selling now.

IHL Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
15 Upvote

0 Great analysis

Reply

Top Stories

Market Close: We're probably not going to see a contrarian September rally – but this way, 2025 might see a Santa Rally

WGR

Western Gold tanks -20% as company reports 'raw data' for assays incomplete; buries low grades

SKK

Stakk – formerly Douugh – rockets +300% on deal with Robinhood, the US trading app of 'meme stock' fame

Listen: HotCopper Wire Podcast 025 – Locksley rap video gives Hilltop Hoods run for money

LU7

Lithium Universe flags high purity silver recovery achievable from solar panel scrap

First 10 Last

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.

Ann: Notice of General Meeting/Proxy Form, page-10

Top Stories

Market Close: We're probably not going to see a contrarian September rally – but this way, 2025 might see a Santa Rally

Western Gold tanks -20% as company reports 'raw data' for assays incomplete; buries low grades

Stakk – formerly Douugh – rockets +300% on deal with Robinhood, the US trading app of 'meme stock' fame

Listen: HotCopper Wire Podcast 025 – Locksley rap video gives Hilltop Hoods run for money

Lithium Universe flags high purity silver recovery achievable from solar panel scrap

Featured News