Quite interesting how many small investors have seen this as a positive announcement.
I wonder what our share price would be now if these cornerstone investors who are so keen for a stake in IMU were forced to buy on market instead of being gifted shares and options at a discount? Presumably the forces of supply and demand would have raised our share price up to the 50-75c level at least.
Then with (hopefully) more positive trial results over the next 6-9 months, we'd see it climb up to the $1+ level. At that point, when our cash balance would be starting to run low, we could do another small CR to fund us for another year or two. Rinse and repeat.
With a market cap of $5B+, if big pharma decide they want our IP, they'd have needed to make a much bigger offer than they'd need to make now.
I guess we'll never know.
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Open | High | Low | Value | Volume |
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23 | 1707698 | 0.053 |
16 | 2410082 | 0.052 |
19 | 3247614 | 0.051 |
45 | 4277390 | 0.050 |
Price($) | Vol. | No. |
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0.056 | 2299346 | 15 |
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0.058 | 1285000 | 8 |
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