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7.0¢ invex therapeutics ltd

Ann: Invex Granted Type C Meeting with FDA, page-103

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hashtagyolo

6,262 Posts.

1530

02/06/21

16:23

Post #: 53598359
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Originally posted by numantu: ↑

HI @hashtagyolo - these are a mix of founder & seed funder shares issued prior to ASX listing.

I like the line in prospectus for capital raise @ 40c share on 29th May 2019 relating to seed funding price.
"These Shares were issued at a discount to the issue price of the Shares offered pursuant to the Offer to reflect the increased risk associated with an investment in the Company at the time of issue of the seed capital".

The founder / seed funder shares were issued at $0.02439 or 94% less than price offered to public 2 months later. That's some pretty impressive, lightning fast derisking.

Our good friend David Mac has 3,225,000 seed shares. It will be interesting to see if he looks to "rebalance his portfolio" once they can be sold in early July.

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Originally posted by ralom: ↑

https://hotcopper.com.au/posts/53306342/single

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Cheers both.

Originally posted by whitepages127: ↑

still way to risky IMO.
Waiting to after decision from FDA before buying. Happy to pay a little more knowing the path is clear ahead with no more raises.
Till then, you are literally betting on a FDA decision, cause mark my words if they say 2 trials, this will be 40 cents. all IMO

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When is the FDA decision expected?
Mid June right?
IXC Price at posting: 66.0¢ Sentiment: None Disclosure: Not Held
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