48.3mil ads shares equates to 1.2billion asx shares. its simply...

48.3mil ads shares equates to 1.2billion asx shares. its simply detailing the total soi for incannex. as has been stated before ihl needs to provide a min 400k ads for liquidity on the ndq. this is roughly 10mil aax shares. these can be purchased either on market and converted into ads through the trust or a major holder could convert and portion of their holding to provide these.

the 20f form says that no shares will be accepted for depositprior to the listing becoming effective.so the co version or purchase could not have happened prior to last night.

id expect either a large xt on monday or a veey high volume day to purchase the required 10mil shares on market. going to be an exciting week