Lot of people doubting the price of this stock because there is no real product or tangible thing they can hang their hat on.
For those saying there is a risk because the share price is valuing the company at 70 million and this is unjustified I would say that you have no evidence of non performance albeit due to the information flow or there lack of. I think there has been quite good and dare I say a posiitve flow of info.
Remember that this company have been at this for a long time so has not announced an idea or concept but a working industry standard model for improved testing for the biggest cause of premature death in the world.
For those saying that the price of the share will hit $xx.00 by next week month or year you have no real evidence of that either.
Most people are basing their assumptions on past performance eg "burning cash" at a great rate. Can't possibly get ahead without further capital raising. Too many stocks on issue 1 for 10 consolidation required etc etc etc.
These are all psychological barriers that people must overcome. You can not look at the past performance of anything in life to predict the future. You can only learn from it.
I haven't seen anyone mention the DoD contract just announced as a possible source of funding does anyone know the details. Is it a 5 million dollar deal is it a 10 year contract Could it possibly provide a source of income to put IMI in the black. Are their any other contracts like it. What will the new Pharmacy contract be. Will it bring new revenue??????????????????????
Some appear to be focusing on the unknown in a negative sense and causing themselves and I am sure others grief.
A few good contracts and their may not be a need to have anymore placements.
Just as an aside BERKSHIRE HATHAWAY Inc share price last time I saw it was $118,800.00 maybe we need to advise Warren Buffet that he should have a 100 for 1 share split. Pesonally I don't think he cares less and the shares still seem to trade okay. Whether you by 100,000 shares for $10,000 or 10,000 shares for $10,000 you have still only got $10,000 worth of stock. It's just psychology.
There is no evidence of non-performance however there is evidence of some performance ergo more revenue. The question remains how much are these contracts worth and what will it do for the bottom line. Time will tell.
Cheers
BW
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $12.49M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $15K | 3M |
Buyers (Bids)
No. | Vol. | Price($) |
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8 | 3736013 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.6¢ | 26785575 | 6 |
View Market Depth
No. | Vol. | Price($) |
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8 | 3736013 | 0.005 |
15 | 5240449 | 0.004 |
3 | 5765009 | 0.003 |
4 | 13945024 | 0.002 |
3 | 2300999 | 0.001 |
Price($) | Vol. | No. |
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0.006 | 26785575 | 6 |
0.007 | 2580000 | 3 |
0.008 | 6349634 | 4 |
0.009 | 62500 | 1 |
0.011 | 81666 | 1 |
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