Ann: Immutep Capital Raising Presentation, page-163

howdy Snowy, I agree the markets and reserve banks have contributed to a market that is too hot,
something has to happen soon, but in regard to mass market capitulation I am not so sure....
Overvalued stocks are gonna be hit hard, real hard IMO, but what of undervalued or fairly
valued companies? I believe undervalued stocks ( imo immutep is one, not overly but somewhat)
may not suffer as much as some.....
Hot areas creating demand for iron ore which is at record levels, and thus record prices will be the
first hit imo and panic will set in...
what comes of ensuing panic is hard to predict but immutep is not mixed up in a cyclical market and
is well placed to weather the storm if I am correct..