Ann: IHL Intends to Redomicile to US & List all Shares on Nasdaq, page-197

There's been a whirlwind of discussion about Incannex's redomiciling and the conversion rate of ASX shares to NASDAQ. I'd like to shed some light on this process to help quell any uncertainty and ensure we're all on the same page.

Let's break it down: the conversion ratio that Incannex has announced is 1 NASDAQ share for every 100 shares held on ASX. This may initially sound like a dramatic shift, but it's crucial to remember that this is a mere 'unit conversion'. Like changing kilometers to miles or Celsius to Fahrenheit, it doesn't alter the intrinsic value of our holdings.

In essence, you're trading 100 smaller pieces for one larger one, but the overall pie you own remains the same. It's akin to swapping a bag of pennies for a dollar bill; the number of units changes, but the worth stays constant.

With an 8 USD price set for the NASDAQ conversion (which is approximately 12 AUD with the current exchange rate), it appears our holdings' worth in AUD might see a slight increase. This is, of course, based on the current share price of 11 cents on the ASX.

The most important point to remember, however, is that the company's intrinsic value doesn't change due to the redomiciling or the share conversion. The fundamentals of the company, the assets they have, their business model, their patents, and the markets they're targeting - these are what drive a company's intrinsic value.

While it's understandable to have concerns during this period of change, it's essential to focus on the bigger picture. The move to NASDAQ is designed to increase liquidity and attract a broader range of institutional investors - both of which could contribute positively to the company's future prospects

As always, keep an eye on the fundamentals, stay updated, and seek personal financial advice for your specific circumstances.