No matter how you look at it, this was a strange decision by imugene board today. There's no other explanation. The hopper and Leslie said your investment is safe and to excercise the options and now they insure them with Bell Potter that are about 50% below market value with 2 months to go. Ive spoken with directors of listed companies and they agree, very odd.
lets say market tanks similar to march, options aren't excercised and SP goes to 1.6cents. fine. They still have cash reserves until data comes out midway through 2021 (which they can then raise at a much better price and create more value for shareholders). Strange to be politically correct. Poor management to be realistic.
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Ann: Imugene Secures $5.7 million Option Underwriting Agreement, page-57
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