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

IHL

Click for more information

0.00%

4.1¢ incannex healthcare limited

Should hit 0.015 by close. Done nothing but go down last 4...

First 43 Last

Share
Profile

Follow
Sabian07

68 Posts.

2

27/02/19

15:55

Post #: 37589365
Share

Originally posted by Mattyhammer75: ↑

The announcement wasn't anything to write home about. Their financial management team needs to go back to school. Total sales was about a 1/3 of their total operating costs. So either their product is rubbish, their price is too low, or their overheads are ridiculously expensive. But something doesn't add up.
The ONLY thing keeping them afloat was the capital raising. So without some level of increase in income, this business is bust. I'm out.

Expand

Should hit 0.015 by close. Done nothing but go down last 4 weeks. What happens when it gets lower than 1 cent. Does the company go bust.

IHL Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 62 more messages in this thread...

First 43 Last

Add IHL (ASX) to my watchlist