In my own personal view, the new free options that will be issued IMUOD @0.45, they expect the sp will be higher than this before the expiration. This is still conservative because the company knows how much they are truly worth.As @Zior pointed out the next sp will shoot to $0.495 then $0.67 upon receiving a very positive news.
I will not be surprised if most options: B, C will be exercised by the end of the year.
As always all in my opinion, speculation and guess.DYOR.
Ann: Imugene completes $90 M placement and launches $5 M SPP, page-349
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