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13/05/24

22:08

Post #: 73805698
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Originally posted by slick: ↑

Love the passion in many posts. Can I add my 2 cents regarding the SP in my opinion and experience.

Around mid 2021 management did a CR at 30 cents with a specialist CR’ing Insto well known for quickly flipping the stock and moving on to the next one. A pump followed raising the MC into ASX300 and finally ASX200 territory.
This was the month that management lost control of the SP and passed it on to the Instos and Big boys.
Because of the ASX200 inclusion the big boys needed to take positions and the script was supplied beautifully by the CR insto. (Nicely played guys). Unfortunately with those big positions on a zero income stock comes mitigated risks therefore hedges are placed, algo’s are in full force and the stock trades completely differently than before.

Sorry but management now has no control over the SP movement regardless of what it announcers re trials or appointments or acquisitions. All those things are just fluff to the big guys, either cure cancer or show them increasing revenues. Also didn’t help that the MC was completely ridiculous for what stage the company was at.

Point to this post is that IMO, management is in control of the day to day operations of IMU but you need to cut them some slack regarding them also being in control of the SP as they have no hope. The market is in control of that so take it up with them.

We need to separate the SP and the market away from IMU management as the market will do its thing and management need to do its thing and neither half can do both. IMO.

Sure, go your hardest on management on their operational performance but to me, you just can’t include the SP in those criticisms currently.

Bring on a massive income producing announcement and watch things light up but until then ……………….

Cheers.

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Wow, go slick ! Wel I said ! Cheers

IMU Price at posting: 7.1¢ Sentiment: Hold Disclosure: Held
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Last 5.0¢		Change 0.002(4.17%)		Mkt cap ! $383.0M

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Media Thread, page-13683

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Media Thread, page-13683

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