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4.1¢ incannex healthcare limited

Trading on NASDAQ, page-86

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ime003

1,191 Posts.

258

01/12/23

16:15

Post #: 71223510
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Originally posted by Mala66: ↑

If the ADRs have been converted to the 4:1 ratio all those figures need to be divided by 4.(the equivalent of 100 "old" shares). That makes a bit more sense.So, closing price of US$7.99 is for 4 x ADR = 100 new ordinary shares. Thats US$2 for 100 . Which is about AU3cents per "old share". So the price actually went down!!!

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divide the US price x .66 & then divide by 100. That will give you the singular ASX share price.
The NDQ is trading the new 100-1 asx shares & the 4 x ADR shares.

IHL Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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