For a lot of us long term holders dndn was a target market cap as a guide for future value once all trials are done and accepted by FDA. So when it goes belly up out future is at stake. Ie 5bil has changed to 1-2bil. So we can't expect pre approval being as high as 1bil anymore. Ie the 1dollar party is a no longer feasible before trials are over. Risk is higher etc so sp has to move down and adj accordingly.
friday, dippity dip dip day, page-29
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Last
31.0¢ |
Change
-0.005(1.59%) |
Mkt cap ! $450.9M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 31.8¢ | 31.0¢ | $897.5K | 2.872M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 79201 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 138883 | 3 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| IMM (ASX) Chart |