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4.1¢ incannex healthcare limited

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07/08/23

15:40

Post #: 69204936
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Originally posted by tossydog: ↑

Hi All,
I requested a top 20 shareholding from the Company, which I have shared below.
It confirms there has been selling, Sud has sold a lot.
On the surface, this is alarming, as I know Sud is a believer in the assets and the companies potential.
I spoke with Joel who confirmed Sud is still very much a believer and supporter but couldn't comment on his financial position and decision to sell.

I am only speculating but something is up with Sud selling & I don't it has anything to do with Incannex. Seems out of character.

Tetra is the only thing connected to Sud that has changed in my brief search of the web - timing of this Tetra announcement seems to tie in with Sud's offloading? https://www.thenewswire.com/press-releases/1AqRFXNg6-tetra-bio-pharma-voluntary-bankruptcy.html

I am only speculating but I don't think Sud want to sell.....

On a positive note, the shares have been sucked up, unfortunately at a lower price than we had all hoped.

Other than share-price frustration, Joel seems very upbeat about the business, the clinical programs & the Clarion Clinics journey commencing.

Expand

just a quick comparsion with last top 20 from annual report and Sud the only seller JP Morgan increased by 16.7m

IHL Price at posting: 8.6¢ Sentiment: Buy Disclosure: Held
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