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4.1¢ incannex healthcare limited

Hi @ringostar Its not just Joel, its also the team that are...

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rusty02

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29/11/23

12:14

Post #: 71166831
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Originally posted by ringostar: ↑

Joel has responded to my email as he always does. He is pretty pissed about the situation because it’s affected his friends and family as well and as stated by others it’s outside of incannex control.They have the lawyers onto it for a couple of reasons,1. The issue of missing shares2. the impact on the SP which has impacted the redomicile pricing.As expected I suppose, good to know their keeping an i on proceedings.

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Hi @ringostar
Its not just Joel, its also the team that are "pissed". Like us management all have skin in the game and are extremely passionate in there directives. Engaging in the legal team will add some cost to redomicile but where fraudulent activities have occurred there is no choice and good move. Let alone what this activity has done to Incannex's overall MC.
From
https:aph.gov.auq=is+shorting+a+stock+and+black+pool+band+in+australia&oq=is+shorting+a+stock+and+black+pool+band+in+australia&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIHCAEQIRigAdIBCTI2MzQyajBqN6gCALACAA&sourceid=chrome&ie=UTF-8
Key Takeaways. Naked shorting is the now-illegal practice of selling short shares that have not been affirmatively determined to exist. Ordinarily, traders must first borrow a stock or determine that it can be borrowed before they sell it short. Trades must provide these shares upon settlement.
Feel sorry for the team and all holders caught up in this mess.
I think the team have a case....

IHL Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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Hi @ringostar Its not just Joel, its also the team that are...

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