IHL 0.00% 4.1¢ incannex healthcare limited

General discussion, page-7650

  1. 1,564 Posts.
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    Yeah kinda, I saw the prospectus or filing doc this way. My ideas are based on a few I think, salient points.
    the date of release was open , because until approved none knows and the other is the expected sp in us based on a 50:1 asx value number.
    the document seeks to raise 25m usd for ixhl as an emerging company.
    People that buy on the doc will get the share price at 80% of 50 x ihl asx shares x aud to us conversion.
    and the first throttle point is 25m usd.
    that means 34270000 aud / 80% of current sp which means about 103 m shares Aussie at .33 c
    .33 × 50 = $16.50 aud or @ $12.04 usd per share.

    tldr? Sp needs to be on other side of 50c for a good period prior to release as outlined in the doc. But as you also they are asking for more if need be that part stacks up

    I think I have adequately murdered my argument so if the first responders can come in and resuscitate or call it in please?

    if this not right please smash accordingly

 
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