Not correct when you say “ pre-market is looking like a murder...

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DaveFisher

201 Posts.

24/01/22

09:26

Post #: 59080330

Originally posted by Badvet73: ↑
As I thought. All the weak hands being thrown on the table. Pre open is starting as a murder scene. That last news item was very misleading and they are jumping ship.
Australia's Incannex Healthcare Scraps U.S. IPO
21/01/2022 11:06PM
By Colin Kellaher
Australia's Incannex Healthcare Ltd. on Friday shelved plans for a U.S. initial public offering.
In a filing with the U.S. Securities and Exchange Commission, Incannex said it is no longer pursuing an offering of American depositary shares at this time. It didn't give a reason.
The Victoria-based company, which is working to develop synthetic cannabinoid pharmaceutical products and psychedelic medicine therapies, had previously said it planned to offer 2.6 million ADSs, each representing 25 of its ordinary shares.
Based on Friday's price of 53 Australian cents, the offering would have raised around A$34.5 million (US$24.8 million
Stupid buggers. Any spare cash ladies and gents might be worth your consideration in my opinion.
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Not correct when you say “ pre-market is looking like a murder scene”
this sentence is simply not correct, you either did not even check the order depth this morning or you want some to panic sell, here is the order book 5 min ago, it looks like a slight edge to buyers

IHL Price at posting: 53.0¢ Sentiment: Hold Disclosure: Held

1 Upvote

0 Great analysis

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Not correct when you say “ pre-market is looking like a murder...

Australia's Incannex Healthcare Scraps U.S. IPO

Top Stories

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

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