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4.1¢ incannex healthcare limited

it is my understanding that the escrow on directors shares was a...

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waynecretski

99 Posts.

45

02/03/22

09:53

Post #: 59918477
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Originally posted by Gordax: ↑

Keep in mind also that the only ADR's available atm are those that have converted from Australian shares - this might include some recent buying of ASX shares but won't yet include any of the directors positions as they will be under SEC restrictions on how many and when they can sell - my recollection is that there was a 6 month escrow period but not sure what date that clock started ticking. So the number of ADR's at the moment is unlikely to be very high and I doubt the holders are in any frame of mind to sell yet. It would be interesting to know if the Company will advise the Australian market if and when ASX shares convert to Nasdaq ADR's?

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it is my understanding that the escrow on directors shares was a condition of the capital raising.

i dont think any members of the bod will be handing over any of there shares to the U.S anyway.

i know i wont be

IHL Price at posting: 67.0¢ Sentiment: Buy Disclosure: Held
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