Speaking of Management, another whopping 14% drop on the NASDAQ overnight.
Us investors just need to read company filings to see how many freebies BOD issued themselves over the past year. BOD have diluted the company by 20-25% or so by issuing themselves shares due to the successful Nasdaq listing. Go figure!!! .....and more periodical share allotment to come....ridiculous.
US Markets are taking notes of snouting the trough. Australian stakeholders have noted and are pulling Joel's support.
To scared to do the calcs on $1.50 usd.....might be touching 1ct aud. I feel for the stakeholders reaching retirement or retirees using Incannex as an income stream and looking at the US move to provide Coy growth and value.
This collapse in Coy value lies squarely with Corporate. I wish all the best of luck.
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