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4.1¢ incannex healthcare limited

This is an underappreciated post.At the rate they're burning...

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MurriO

685 Posts.

196

06/02/24

15:49

Post #: 72265790
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Originally posted by ime003: ↑

I’m just being honest about the reality of the situation we are currently in.
The company needs more than we’re currently worth to get underway.
42x is going to need 20-40m to see that the trials are completed. Let alone whatever else is on the cards. Clarion will be negative cash flow in the interim.
Plus the regular outgoings is putting a genuine strain on our bank balance. Our cash balance in USD doesn’t look so great once it’s converted from AUD & reduces 35%? We are now operating in USD as far as the NDQ is concerned we are an American entity. We need lots of USD.
I don’t want to see massive dilution at anywhere near these levels for what won’t be enough cash to get the job done.

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This is an underappreciated post.

At the rate they're burning through the reserves (wages alone not to mention other outgoings) a cash raise is inevitable sooner rather than later.

Not looking forward to the inevitable dilution and SP drop.

IHL Price at posting: 4.1¢ Sentiment: Hold Disclosure: Held
4 Upvote

1 Great analysis

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