Steini,
How do you know you will lose money on your OD’s? They still got 53 weeks to run. That’s a long way into the future. I would expect the OE’s will trade multiples higher than the OD’s. But I wouldn’t be throwing them out just yet. At some stage the heads will turn and go north again. The progress has been nothing short of phenomenal. We first got introduced to CF 33 in 2019. In just 4 years IMU have taken CF33 from the Lab to Clinic with our first readout for the VAXINIA MAST trial due in November this year. And most likely an application for Breakthrough therapy inside the next 12 months.
IMU are very good at making big unexpected announcements. Will we see more? I suspect we will and this juggernaut will only pick up speed from here. There is more to this story than an incompetent Chairman.
He sits with a BOD and has an extremely capable CEO in Leslie Chong who has participated in this whole process.
Im personally sitting on a huge stash of OD’s and might even buy more. After November we should be looking t a very different landscape.
I remember FMG going thru this crap before blowing the doors off it. Best performing ASX stock over last 20 years by a country mile. And IMU is on track to take that have a crack at the title hear.
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