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Thursday, January 25, 2018 12:09:00 PM
Then their's the fear that there'll be a big share dump when the warrants are exercised. Again, it's nonsense to assume that the 52 qualified investors who purchased those warrants at an exercise price of $1.25 would all decide to sell at the same time even if the price were above $1.25 and the warrants actually had value. There are hundreds of InMed investors who are in the green, myself included. We hold because we expect greater return in the future. The 52 private qualified (i.e. they have assets in excess of $1 million) investors who took part in the last private placement will hold or sell for the same reasons any other shareholder would.
Les
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