Good morning all!
Thanks so much to all the contributors in the chat over on the other thread!
Well, posted
@MickeyMantle536 you are a legend.
Now with this announcement, I did notice in the CEO address for the AGM the following;
" The Nasdaq listing of IXHL American depositary shares in February represented a great deal of work during the SEC approval process to list a foreign company onto a stock exchange in the United States.
Whilst trading volumes on Nasdaq are currently less than on the ASX, we potentially foresee a time whereby this situation is reversed as we continually work hard to grow our presence to the investor community in the United States."
https://stocknessmonster.com/announcements/ihl.asx-3A608385/Some of you may also remember this statement back on 28th April
" The Directors of Incannex collectively hold 175.9M shares in the Company and permitted their entitlement of approximately 11.7M shares, representing A$4.1M in investment capital,
to be allocated to a strategic investor group that intend to enhance liquidity via the company’s ADS program on the NASDAQ exchange.https://stocknessmonster.com/announcements/ihl.asx-3A592351/The liquidity or lack of it on the NASDAQ has been a thorn in our side in terms of considering that listing a success or otherwise!
This
Strategic Institutional Capital Raising should not be feared by holders.
> If the BOD has had a plan in mind to increase the liquidity on the NASDAQ
> If the BOD has been having discussions with a "Strategic Investor" since back in April when they passed on their Bonus Options to a "Strategic Investor"
IMO "Strategically" this may be the correct time in the current Macro back drop, (with the possible easing of the FED interest rates increases and a possible PIVOT.) that we get some action on IXHL trading volumes with the NASDAQ "
CEO
"Whilst trading volumes on Nasdaq are currently less than on the ASX, we potentially foresee a time whereby this situation is reversed"We will all know soon enough!
Good luck to all holders!
