IHL 0.00% 4.1¢ incannex healthcare limited

Ann: IHL Intends to Redomicile to US & List all Shares on Nasdaq, page-57

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    For those not understanding the numbers in the announcement. The final NASDAQ price will be a multiple of the ASX price on the last day of trading.
    Example If today was the last day.
    ASX 0.12c
    0.12c x 100 = $12.00 AUD
    Now convert $12.00 AUD to USD
    $12.00 AUD Divided by $1.50 USD ((current conversion rate))
    = $8.00 USD
    Example If last day of trading was $0.25c.
    ASX 0.25c
    0.25c x 100 = $25.00 AUD
    Now convert $25.00 AUD to USD
    $25.00 AUD Divided by $1.50 USD ((current conversion rate))
    = $16.70 USD
    No value is lost or gained - other than the value of a cleaner tradable product on a 10 x bigger exchange with 330M eyeballs.
 
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Currently unlisted public company.

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