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4.1¢ incannex healthcare limited

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930 Posts.

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17/11/23

18:55

Post #: 70970583
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Originally posted by scarletrabbit: ↑

Hi, I'm a newbie to investing but hold a ton of IHL shares, bought at an ATH :/

So from what I understand of this process - say I have 10,000 shares on the ASX, once they have converted, I will hold 100 shares on the NASDAQ. Is that right? If so, doesn't that dilute my wealth significantly? Say I was expecting the share price to go to AUD 5. At 10,000 shares, I would have had AUD 50,000 but with 100 shares, I would only have USD500. Is this correct? And if so, isn't it very unfair?

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Thankyou, you have made my afternoon.

IHL Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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