IHL 0.00% 4.1¢ incannex healthcare limited

Hi @noni In relation to re-election of the board..... will be...

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    Hi @noni
    In relation to re-election of the board..... will be difficult. As it stand collectively the BOD own 22% of the company. To submit a resolution will require just 5% of shareholders voting rights but to pass the motion will require 75% of the shareholders voting rights as this is a board corporate re-election not a general motion (51%). On top of this, as time goes by new allocation of shares, as voted in the Company Redomicile Package put to shareholder will increase their ownership over the next 2 years.
    Understand your concerns. Hopefully H2 will provide tangible news on Incannex's trials, especially 42X and 675A, including updates on CannQuit, Clarion and the GAD-PSI programs.
    GL @noni
 
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