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
- Forums
- ASX - By Stock
- IHL
- General discussion
General discussion, page-7650
-
-
- There are more pages in this discussion • 12,786 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)