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4.1¢ incannex healthcare limited

I am hoping you are not serious, but in case you are.if you have...

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43 Posts.

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17/11/23

19:00

Post #: 70970665
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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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I am hoping you are not serious, but in case you are.

if you have 10000 shares worth $1 each you have $10000 worth. When they hit the USA they will be 100:1, but so will the price. So you now own 100 shares worth $100 a share. Through the magic of the numeric system your holdings are still worth $10000. Amazeballs and actually quiet fair.

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