General discussion, page-20072

First 20072 Last

Share
Profile

Follow
rusty02

3,625 Posts.

1841

02/08/24

12:35

Post #: 75043854
Share

Originally posted by Cripps2020: ↑

Some of the negativity in here is incredible.

Understandably anyone who's been a long-term holder of Inncanex is down a lot of money and we're all feeling frustrated and upset at both the price action and the lack of payoff from the move to the US. But the overall goal of Joel and the board would still well and truly be a share price multiples of where we are now. $600k yearly wage is good money for our CEO, but getting our share price back to ATH's of 75c when you hold 23,000,000 shares (Aus equivalent) is much better motivation to work hard than a $600,000 salary.

We all knew this would be a long grind and I'm as confused and shocked by the low share price as anyone but we operate in a biotech speculative space. Use Botanic Pharmaceuticals for example, they got as low as 2.5c Aus a few years ago having dropped from 27c and now years later they are sitting at 38c and have just raised $70 million. I've followed that company for just as long as this one and the forums mirror each other with holders back then tearing at each others throats and calling for the boards head when they had bottomed up. The conversations now they are sitting at a $600 million market cap are very very different now and mind you they've had the same management the whole time. We've got a much better product pipeline, I would argue better managers who are more globally recognized and our market potential is multiples of theirs.

If we hit our milestones later this year from good OSA results, there's absolutely no way we sit at this level for long. I'm still holding and have plenty of faith that my patience will be rewarded.

As Warren Buffet says, 'Our favorite holding time is forever' & 'The Stock Market is a device for transferring money from the impatient to the patient'.

Goodluck to all holders.

Expand

Page 112 S1/filing placement 160ml shares not 23ml
Directors issued loads of equity due to NASDAQ success.
Also check the salary package. It's not 600k a year.

IHL Price at posting: 4.1¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

GRX

GreenX picks up prospective copper project in Germany

Is oil undervalued?

WGX

Westgold sets its sights on top five producer status through merger with Karora

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

There are more pages in this discussion • 17 more messages in this thread...

First 20072 Last

Add IHL (ASX) to my watchlist

General discussion, page-20072

Top Stories

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

GreenX picks up prospective copper project in Germany

Is oil undervalued?

Westgold sets its sights on top five producer status through merger with Karora

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Venture to sniff out high-grade REE targets at Jupiter project, WA

Featured News