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4.1¢ incannex healthcare limited

Ann: Quarterly Activities Report and Appendix 4C, page-23

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StockforProfit

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29/07/20

20:55

Post #: 46165976
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Originally posted by Ted Striker: ↑

The options are in the money as it stands to day so why would they not be exercised? There is no issue with cash whatsoever at this point.

The options are are being exercised on a weekly basis atm As pointed out in the commentary of todays quarterly where it said they had received a total of $322,000 in exercises this month to date which of course is not reflected in the cash balance of the 4C.The bulk of the option money is always going to come in the last few weeks before expiry.

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Also R&D spend should soon give way to lower cost trial spend (mostly covered by Cannvalate) so cash burn should slow down. Then add oppies and oil sales imto the mix and next QTRs should be rosier

IHL Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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