As you know IMI was finding it difficult to break the low 7's. It hit this point 3 times and they were after major ann's regarding TGA etc etc.
After the last crack at the 7's it retreated to the mid 6's and then during the period of about a week AB sold 30 odd million shares in the low to mid 6's. This sustained selling took the wind out of the sales and then the ann come about in the high 5's that AB had sold. The following day the SP retreated to the low 5's.
The fact that the SP retreated even further down to mid 4's reflects the market sentiment of no $ ann imo.
Obviously this is MY OPINION and no-one can give a real reason as to the SP drop.
The product is still outstanding, the scientific advisory board is still intact along with the board, and as far as we can assume the plans for the near future remain extant.
Lets just see if something comes out in the next few days.
Best wishes to all holders
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Mkt cap ! $12.49M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 5115824 | 0.5¢ |
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Price($) | Vol. | No. |
---|---|---|
0.6¢ | 16880000 | 4 |
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No. | Vol. | Price($) |
---|---|---|
4 | 5115824 | 0.005 |
15 | 10676378 | 0.004 |
5 | 7240009 | 0.003 |
4 | 13945024 | 0.002 |
4 | 2800999 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 16880000 | 4 |
0.007 | 11580000 | 3 |
0.008 | 6267133 | 3 |
0.009 | 62500 | 1 |
0.011 | 81666 | 1 |
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