The only way that liquidity can now be provided on the Nasdaq is for an IHL shareholder on the ASX providing a slab of their own shares over to the US Bank to allow for them to be converted to ADS / ADR's.
There is no issue happening any longer from the IHL coffers to provide for additional shares to be issued for this purpose.
Otherwise if US brokers / US investment banks see good value on the ASX then they can connect with their local Australian based counterparts, brokers, banks to buy them on the open ASX market and then convert them for trade as ADS on the NASDAQ, they can then either hold them and accumulate value as trials progress or trade them for a profit.
One thing I know for 100% is they are not getting a single one of mine or my daughter's or my son's HAH!!
News: IHL Incannex Healthcare Ltd Files To Withdraw U.S. IPO Plans, page-7
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