Yes there are calculations behind valuations - just have a look at the Expert Report appended to the 2019 deal. They must have assumptions whether as a bidder or target - the board cannot say it seems ok - they get an expert to do a valuation and that is what they base their decision upon.
Ann: Imugene completes $90 M placement and launches $5 M SPP, page-398
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| Open | High | Low | Value | Volume |
| 5.3¢ | 5.4¢ | 5.2¢ | $216.1K | 4.106M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 1854997 | 5.2¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 382882 | 4 |
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