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4.1¢ incannex healthcare limited

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18/04/20

22:49

Post #: 44121856
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Originally posted by UnclePanda: ↑

where did the $2M figure come from? gut feeling. last quarter they said they projected $1.45M cash burn this quarter and they have signed a lot more deals which cost money for new products, paid for patents and FDA consulting advice etc, and have to pay the medical board.

IMO, they will miss the dead line for Suds 4 cent options. not because they didn't try, but because there's so much to do with patent applications and other regulatory work. I think they will announce an amended incentive structure for Suds options that share holders will have to vote on cause it's not fair to miss out on some cheap oppies for just slightly missing deadlines and they aren't doing the AXIM product anymore.

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This is possible Panda, I will be interested to see what this quarterly looks like.

I'm not sure if the deadline for Suds options now means 1st trial isnt rego'd since they canned gingivitis, but it is possible they will amend the structure. I still expect TBI to go through before 1st May.

IHL Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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