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19/08/21

23:44

Post #: 55429802
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Originally posted by malkazoid: ↑

Something occurred to me just now as I tried reloading the incannex website that's under maintenance.
It is probably going to stay that way for a while if I'm right about this.

The company is at a terrific crossroads. As we all know, the road ahead after US listing will make everything that came before it feel like a prelude.
Naturally, the new site will be forward-looking, with an approach that caters to a US and international crowd of investors.

BUT - the US listing has not happened yet, and as much as I'm all in on it happening, technically, it could end up not eventuating. Launching the new site now before it is a done deal would be courting humiliation if, for example, shareholders somehow fail to appreciate the importance of the vote at the upcoming special shareholders meeting, and vote against the issuing of the US IPO shares. The listing could still go ahead technically, as the company can still issue the IPO shares from their annual issuance cap, but as others have pointed out here, the strategy is probably predicated on more than one offering several months apart. Chances are, that strategy would be made impossible without the facility to issue shares beyond the annual cap. Market conditions could also contribute to the company deciding not to go ahead with the US listing at this time.

So that could explain why the new site isn't up yet.
But why has the old site been taken down in the meantime, to be replaced by the maintenance 'check back later' sign?

IMO, it's because Incannex is now in that transitional space where the old site would be detrimental to where we're heading. Specifically, US investors are no doubt already reacting to the news of the proposed IPO, and googling the company. Much better for them to see a placeholder, than for them to see a site that hasn't been updated in a long time, and is lackluster compared to the presentation and info of the prospectus.

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That's a good point regarding not viewing an outdated site that doesn't match the quality of information as outlined in the Prospectus.
Also could be just typical IT overpromising on timeframes and not delivering.
I've been waiting almost a month for a company to complete changes on a site I run, and if they didn't run the whole platform would have booted them out long ago.

Can't wait for the completed site to go live and I can finally watch the AGM video from February that I missed by 5 minutes as my internet connection was down when it started.

IHL Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
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