1.8c, BP is the CR - Shark

Raising at 1.8c - OMG, why so low when everything is so good ?

IMU, you might have the best scientists of the world but you as business people suck !

BP will make sure it will take years to ever get above 1.8c unless IMU gets taken over. They ruined LPE, they will ruin IMU too as that is their business model - destroying Aussie companies. Will be selling all my millions of shares at open - 1.8c signals something is wrong with current results as any normal thinking manager would have sold for 3c at least if the trial results were promising. Another investment gone wrong - millions of patients will be disappointed and continue die. Trials must have failed - no other rational explanation for 1.8c.




Another Bell Potter raising, this time Imugene

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Street Talk. Michel O'Sullivan

• by
  
• Sarah Thompson
  
• Anthony Macdonald
  
• Joyce Moullakis

Cancer vaccine hopeful Imugene Ltd is in front of investors seeking an $8.7 million equity injection on Tuesday.
The company, with the help of broker Bell Potter Securities, was seeking to sell new shares at 18¢ each to raise $8.7 million.
The offer was priced at a 21.7 per cent discount to the last close of 2.3¢, according to terms sent to potential investors. It was split into a $2 million one-for-20 rights issue and a $6.7 million placement to institutional and high net worth investors.
Funds raised were to be used to fully fund its current phase 1b/2 cancer vaccine study underway at several hospitals in Asia.

The company had a $55 million market capitalisation prior to the offer.
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