IHL (ASX) Ann: Update on Nasdaq Listing

Just getting back to this, @Paulfool, @hubbo27, and @vinnies and thank you for response.
I guess I will be refreshing regularly all next week, to check for announcements.
I have also just had Board Meeting with self.
DO NOT START TRADING IHXL on Nasdeq. Tempting as it is.

Originally posted by Paulfool: ↑

I did the same thing with the 48m figure @von but then thought it a bit strange and when multiplying by 25 you get the regular SOI if 1.2 billion.

I think it will be up to individual funds and their rules if they are allowed to pre buy but they can't be bundled into ADR'S until after the Effect notice.

Will be interesting in a few weeks time to go through the SEC comments and feedback to see what they were dragging their heels over, but listing is now done and without the dilution we are all much better for it.

Exciting few weeks to come and even better boost subconsciously for people watching for Joel, Troy and the team to be standing in front of a wall of green tickers at the end of the week, not sure who pulled some strings but imagine that Friday afternoon closing bell must be a pretty coveted spot.

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Originally posted by hubbo27: ↑

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

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Originally posted by thevinnys: ↑

Yes @von lots of rain here too, we are all good. I thinks others have answered your query on the Bloomberg website, I am sure most other sites will be updated once IXHL starts trading Monday night our time. Exciting weeks ahead.

good luck @von

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