Ann: Incannex to Acquire APIRx Pharmaceuticals, page-104

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thevinnys

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24/03/22

15:03

Post #: 60400133
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Originally posted by Paulfool: ↑

This is reminiscent of Google buying Motorola about 10 years ago and people not understanding that it was done to acquire their IP patents, technology and research. After spinning off asests and cash on hand only cost Google
3.5 billion for patent portfolio.

Here we have just secured the rights to aquire a boat load of patents, technology, key staff and opinion leaders along with $40 million of prior research all for $93 million in future shares, so ~12-15% dilution pending the 7 day VWAP.

Interestingly IHL had already partnered with AXIM for the Periodontitis Trial back in 2019, but this partnership was dissolved.
Below is exerpt from the NASDAQ filing.

Income from other arrangements for the fiscal year ended 30 June 2020 was a result of a transaction entered into with AXIM Biotechnologies, in consideration of the terms of the full understanding 6,800,000 IHL shares were issued in full consideration of the intended transaction.
AXIM was not able to fulfil their part of the transaction, and the contract was terminated. In lieu of returning the shares, the Company received cash.This will take some time for the market (read as retail) punters to understand hence the lower trade volume, but I for one am constantly blown away by the strategic moves that are continuing to be played out by the BOD and management.

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Correct Paul,

This acquisition plan was hatched over 12 months ago (I can confirm 100% from some research i have done today)

So yes the BOD is very strategic, putting all of the USA moves together during the course of the last 12 months
NASDAQ Listing, USA Office, PR Agency, etc too....

All the while being fully aware of the positive IHL-42X sample results from the Alfred Hospital as well as
having this purchase "slow cooking", waiting for the right moment to release it.

Love to know what they have planned for the next 12 months .... today!!

Well done all the BOD

Good luck @Paulfool

IHL Price at posting: 67.0¢ Sentiment: Buy Disclosure: Held
31 Upvote

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Ann: Incannex to Acquire APIRx Pharmaceuticals, page-104

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