Australian (ASX) Stock Market Forum

IHL - Incannex Healthcare

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Pretty new to all this and I do have IHL shares - can this be explained to me?
  • Loyalty Options will have an exercise price of A$0.35, expiring 22 April 2022, and, if exercised, will result in the issue of a second Piggyback Option
  • Piggyback Options will be issued for nil consideration at a ratio of one (1) for every two (2) Loyalty Options exercised by the expiry date.
  • Piggyback Options will have an exercise price of A$1.00, expiring 28 April 2023
 
RookeA said:
Pretty new to all this and I do have IHL shares - can this be explained to me?
  • Loyalty Options will have an exercise price of A$0.35, expiring 22 April 2022, and, if exercised, will result in the issue of a second Piggyback Option
  • Piggyback Options will be issued for nil consideration at a ratio of one (1) for every two (2) Loyalty Options exercised by the expiry date.
  • Piggyback Options will have an exercise price of A$1.00, expiring 28 April 2023
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I do not have the finer details in front of me so I will explain from your post:
You will get some options put in your account, I think 1 for every 15 shares from memory (but check in announcements). They will have a unique code.
You have until 22Apr22 to exercise them or you lose them. This means you pay $0.35 to turn them into a "proper" share.
If you do that, for every 2 that you pay $0.35 then you get more options put into your account and if you pay another $1.00 for each then they also turn into "proper" shares.
Note you do not have wait until the "last minute" to do those payments... you can do that at any time within the time allowed.
 
HelloU said:
I do not have the finer details in front of me so I will explain from your post:
You will get some options put in your account, I think 1 for every 15 shares from memory (but check in announcements). They will have a unique code.
You have until 22Apr22 to exercise them or you lose them. This means you pay $0.35 to turn them into a "proper" share.
If you do that, for every 2 that you pay $0.35 then you get more options put into your account and if you pay another $1.00 for each then they also turn into "proper" shares.
Note you do not have wait until the "last minute" to do those payments... you can do that at any time within the time allowed.
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Thank you
 
RookeA said:
So even though they say they will give you one free share for every 15 - it’s not really free?
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To be pedantic IHL never said you would get free shares.
They said you would be given free options (that require the $0.35 to convert into a share).
Good luck with it all.
 
Interesting acquisition of Dutch based entity APIRx confirmed.

APIRx is an innovative biotechnology company focused on research, development, and production of prescription pharmaceutical cannabinoid medicines. It has twenty-two (22) active clinical and pre- clinical research and development projects utilising proprietary technologies. The acquisition of APIRx brings to Incannex a diverse portfolio of promising therapeutic candidates targeted at treating an extensive range of conditions including pain, dementia, Parkinson’s Disease, restless leg syndrome, gastrointestinal diseases, periodontitis, addiction disorders, skin conditions and ophthalmic conditions.
 
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Telamelo said:
IHL finished green @ 0.155c +3.33% .. clinical trials underway with 'commercial opportunities at an advanced stage in discussions' of which expect 'news flow over coming week's'.. dyor
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IHL in 'trading halt till next Tuesday morning'

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They have had a few talks about psilocybin on the radio national health report lately - since the legalization.
Some patients that participated in trails have experienced 100% relief from their conditions, basically cured
after 20+ years of suffering in some cases.
 
So_Cynical said:
They have had a few talks about psilocybin on the radio national health report lately - since the legalization.
Some patients that participated in trails have experienced 100% relief from their conditions, basically cured
after 20+ years of suffering in some cases.
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wow, that's unheard of in medicine. Cure is a dirty word in the world of pharma.

IHL might have some decent upside potential when the ASX gets its bull on again...whenever that is.
 
Gringotts Bank said:
wow, that's unheard of in medicine. Cure is a dirty word in the world of pharma.

IHL might have some decent upside potential when the ASX gets its bull on again...whenever that is.
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for patients with Generalised Anxiety Disorder who are desperately looking for a treatment, this is great news. " Given the strong results to date "

I think the BOD intentions are clear
"The Clinical Psychedelic Lab at Monash University has overseen training of 14 psychotherapists to work on the phase 2 trial, demonstrating that this transformational treatment is scalable to many therapists and patients throughout the world.”

looking forward now to follow-up anouncments concerning commercial opportunities (manufacturing) per;

" also creates and assists with number of commercial opportunities which are currently at an advanced stage of investigation by the company, and will be announced in the coming weeks, following board appraisal and approval.” (IHL management currently in the US as we speak)

https://stocknessmonster.com/announcements/ihl.asx-3A614236/
 
There is a well established magic mushroom industry in the Netherlands, i dont know how its retailed to consumers.
 
Gringotts Bank said:
wow, that's unheard of in medicine. Cure is a dirty word in the world of pharma.

IHL might have some decent upside potential when the ASX gets its bull on again...whenever that is.
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The ASX found its bottom 3 days later on the 18th. Since then, IHL has put on 32%, making it one of the highest small cap gainers in 8 days.
 
Marked this chart per Wyckoff method since it's very close to textbook pattern. Rare. Not sure if I'd buy it just yet. Needs a good green day and a break of 14c first. The spring can be seen on a separate bar chart. It briefly touches on 9.9c on Jun 27th.

Numbers represent accumulated volumes of each swing, similar to 'Ord volume' or Weis wave. The high volume to stop the downward momentum is circled, and marks it as the SC.

Of interest, IHXL (Nasdaq code) had a huge boost in volume last night. It turned over $12mill+ out of the blue, and it kept ticking all day. Represents the biggest volume ever for this stock.

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On November 29th, 2023, Incannex Healthcare Limited (IHL) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between IHL and its shareholders in connection with the acquisition of all the issued capital in IHL by Incannex Healthcare Inc.
 
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