IHL 0.00% 4.1¢ incannex healthcare limited

How did they work out for $8 per share.?Current outstanding...

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    How did they work out for $8 per share.?

    Current outstanding shares ( CDI)
    1,587,010,357 shares
    Ratio 1:100 convert to ADR
    1,587,010 shares

    Current M/C
    AU $190.4M or US$ $127.7M at today conversion price.

    Current share price
    AU $0.12 at open

    Future share price
    US $8 ???
 
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Currently unlisted public company.

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