IMC 4.76% 10.0¢ immuron limited

IMC foolish holders, page-41

  1. 393 Posts.
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    There are lots of sell orders, but not for much volume. Personally I don't think a pump makes sense, especially when you work out the trades;
    Last Thurs 200k average of 29
    Last Friday 200k average 29
    Monday 500k average 36
    So if a pump the average for 900k would be 32.88, so 33. Then on Tuesday another 200k bought at 36 & today ~200k at 35.25, so the average for 1.3mio shares is around 33.5. So it appears to me, that they buyer is slowly buying & trying to get them in quietly, but I expect supply at 35/36 has run out now, so best to pay for next chunk up to 42 which is another 220k at an average of 39, that is without short termers stepping in & selling more on the way to 42, which they surely will. They buyer is smart & the sellers just seem happy to sell here just because they're in profit. In my opinion, Very silly selling at these prices equating to $35mio. As any major Pharma would probably pay $300mio for us today, & after interim maybe $700mio & after phase 2b $2billion to $3billion. Just my opinion, referencing our position in the Fatty liver picture, versus peers.
 
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