Dear Joel Latham, CEO of Incannex Healthcare (IXHL):
We shareholders demand transparency and clear and regular communication from you, which we find lacking. We may reconsider our stock positions, as well as your tenure, if you do not, by or before November 10, 2025:
1. Provide a substantial update (good, bad, or neutral) regarding the “promising commercial discussions” concerning IHL-42X which you stated *5* months ago, on May 14, the company was engaged in.
(Relatedly, *2.5* months ago, on July 30, you stated: “We continue to facilitate commercial discussions and look forward to providing shareholders with an update in this regard soon.” In our view, “soon” reasonably means no later than November 10.)
2. Provide a detailed update regarding all uses of the company's at-the-market (ATM) share issuance AND share repurchase (buyback) programs. Going forward, we expect you to be forthright about any dilutive plans or actions.
3. Provide a clear update regarding the company’s deadline for regaining NASDAQ listing compliance—along with any intention the company has of implementing a reverse split. You have left shareholders utterly in the dark regarding these matters.
4. Communicate with shareholders directly, via press release and/or web conference, at least once every 30 days. The company has not issued a press release since August 26 (over a month and a half ago as of this date), which is unacceptably poor communication.
Sincerely,
The undersigned IXHL shareholders
Updates
Reached 100 supporters
October 11, 2025
94 Comments
We need transparency and communication on warrant cancellation and ATM use .ASAP
It is a shareholder with 679 and 40,000 shares in stock price evaluation. We are investing in the company based on the fundamentals of Incanex Healthcare and the direction of the CEO. If you want to run this company together with shareholders, please disclose the ongoing pipeline to shareholders accurately and transparently. CEO You and I. The company's untransparent behavior has disappointed many shareholders and is cutting off their shares and leaving. In particular, the large issuance of shares has made the future of the company even more uncertain. Please keep your words that you will no longer buy back shares and atm. Incanex has many shareholders We are working together. Please remember this.
Not knowing how IXHL intends to move forward and how it is manging the share price is creating uncertainty and doubt. Tell those who are supporting IXHL what is happening.
I have been invested for 18months. I would appreciate better communications from the management to help stabilise the share value. Recycling old news does not represent a company whose pipeline shows so much promise. The PR team need to be more proactive and professional.
Transparency is requested at least update us every quarter on the availability of information you can provide even if you cannot, informing us that you cannot as of yet is still communicating.
F…. U piece of … i m losing only money with all your bssssss !!!!!!
-65% T.T
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Dear Joel Latham, CEO of Incannex Healthcare (IXHL):
We shareholders demand transparency and clear and regular communication from you, which we find lacking. We may reconsider our stock positions, as well as your tenure, if you do not, by or before November 10, 2025:
1. Provide a substantial update (good, bad, or neutral) regarding the “promising commercial discussions” concerning IHL-42X which you stated *5* months ago, on May 14, the company was engaged in.
(Relatedly, *2.5* months ago, on July 30, you stated: “We continue to facilitate commercial discussions and look forward to providing shareholders with an update in this regard soon.” In our view, “soon” reasonably means no later than November 10.)
2. Provide a detailed update regarding all uses of the company's at-the-market (ATM) share issuance AND share repurchase (buyback) programs. Going forward, we expect you to be forthright about any dilutive plans or actions.
3. Provide a clear update regarding the company’s deadline for regaining NASDAQ listing compliance—along with any intention the company has of implementing a reverse split. You have left shareholders utterly in the dark regarding these matters.
4. Communicate with shareholders directly, via press release and/or web conference, at least once every 30 days. The company has not issued a press release since August 26 (over a month and a half ago as of this date), which is unacceptably poor communication.
Sincerely,
The undersigned IXHL shareholders
Updates
Reached 100 supporters
October 11, 2025
94 Comments
I have sent several emails this year that were never responded to begging this company to address a few key issues that would have destroyed the bear case for their stock (mainly the reverse split concerns). Unless $IXHL is currently in negotiation talks with a buyer - the silence and lack of transparency over the last 2-3 months is inexcusable.
We need transparency and communication on warrant cancellation and ATM use .ASAP
It is a shareholder with 679 and 40,000 shares in stock price evaluation. We are investing in the company based on the fundamentals of Incanex Healthcare and the direction of the CEO. If you want to run this company together with shareholders, please disclose the ongoing pipeline to shareholders accurately and transparently. CEO You and I. The company's untransparent behavior has disappointed many shareholders and is cutting off their shares and leaving. In particular, the large issuance of shares has made the future of the company even more uncertain. Please keep your words that you will no longer buy back shares and atm. Incanex has many shareholders We are working together. Please remember this.
Not knowing how IXHL intends to move forward and how it is manging the share price is creating uncertainty and doubt. Tell those who are supporting IXHL what is happening.
I have been invested for 18months. I would appreciate better communications from the management to help stabilise the share value. Recycling old news does not represent a company whose pipeline shows so much promise. The PR team need to be more proactive and professional.
Transparency is requested at least update us every quarter on the availability of information you can provide even if you cannot, informing us that you cannot as of yet is still communicating.
F…. U piece of … i m losing only money with all your bssssss !!!!!!
-65% T.T
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I have sent several emails this year that were never responded to begging this company to address a few key issues that would have destroyed the bear case for their stock (mainly the reverse split concerns). Unless $IXHL is currently in negotiation talks with a buyer - the silence and lack of transparency over the last 2-3 months is inexcusable.