Here’s a reminder of IXHL’s first few weeks on the nasdaq. It’s a different beast - they have way more money and yes, it can ^ leap about just as deftly as it does here as a penny stock.
Maybe part of our problem is the yanks taking a look at the puny share price on the asx and going, ugh, penny stock. Again, psychological, but moving the whole thing to the nasdaq eliminates that barrier.