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4.1¢ incannex healthcare limited

Spot on TFM.Hit the nail on the head there. Any funds that want...

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14/01/21

13:50

Post #: 50167114
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Originally posted by tradingformils: ↑

If Sud coverts his 20c oppies ($40 million dollars), he won't be selling any on the market - ever. There's two ways Sud could sell his shares:

1- to an institution who wants to buy in at a significantly higher price, as an off market trade (watch them all flood into our stock when the trials really get going in the months ahead). This is a really low chance of happening because management would probably tell any insto to buy on market if they want any shares - pay up!
2- (most likely outcome) a takeover from a big pharma. Then again, IHL seems to becoming the next GW Pharmaceuticals, so he may hold and get his money back through future dividends.
I expect Sud to make in excess of $100M from his oppies - at a minimum.
To your first million,
Trading For Millions.

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Spot on TFM.

Hit the nail on the head there. Any funds that want in are going to have to buy on market. If the placement notorious Canary Capital had to buy on market last year and if we get an extra $40M via Sud its the only way they'd ever see a look in.

IHL Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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