It also weakens the constant cheerleading on here when just 3 days ago in the CEO's address given to the ASX he says:
"Financially, Incannex remains in an enviable position with a long cash runway that allows us to continue our clinical programs unimpeded. This was reinforced by the completion of an option issue capital raise of $23.6M. We thank all those investors that participated".
& now we are in a further CR for almost 50% cheaper than "all those investors who participated" (in the above mentioned CR)...
How can anyone say this doesnt suck, it's great for SH's & that management are still to be fully trusted as they are the best of the best.
Am I bashing IHL - yes, but is it any different than constantly telling everyone how marvelous everything is ?
IHL Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held