Ann: IMUGENE ANNOUNCES A$80 MILLION INSTITUTIONAL PLACEMENT, page-294

This time yesterday most posters were carrying on like they'd been written out of a Will. Yet by days end, IMU finished up !

This plus history of last years CR, tells me three things-

1- Nobody puts $80m into a Biotech that's not producing earnings, unless the stock is dramatically undervalued or they have a suspicion the SP is about to take off !

2- Although there's Up and Down Rampers ( Mostly Up) with IMU on HC- The faithful have been through the worst of all of the Shorting and Insto's driving the price down, whilst news was fare in the distance. Yesterdays kick in the guts isn't enough for the bulk of us to pull any shares out of the bottom draw. We know were on a WINNER !!

3- Last years CR saw prices immediately after ( without any long anticipated news- now imminent in folds ) Insto's invested, saw the price double within three months. Therefore, who is going to play games Shorting, with news and investors placing $80m against you being wrong or getting burnt.

- Hang in and don't go to the bottom draw- if you can !!



- Opinions only- Please do your own Research.