200m unlisted employee scheme options dead. Could have been a few $m for IVX but no panic for IVX and management as they can issue themselves gazillions with different ex-prices and expiry terms at any time. Different story for IVXO holders, 295m oppies, about $6m in unconverted funds will go down the drain too unless a miracle happens and the sp hits 3c. But that would equal to a MC of about $200m, about 1/4 of today's IMU's MC with them being lightyears ahead based on 3 pipelines and 10 clinical trials.
Was a dream that turned into a nightmare, speculation gone wrong. Not blaming anyone, I knew the risk. Greed was stronger than responsible investment.
With the sp approaching 0.1c as well like the oppies there is a tiny LT chance of recouping the oppie loss by taking on an even higher risk and buying heads like crazy at 0.1c if someone puts them up for sale down there and IVX can resist a consolidation. But that is too tempting for IVX not to try. Then 700m shares at 1c probably tanking down to 0.1c again. Seen that many times before, this time directly impacted by it.
Sometimes we win, this time we most likely will lose.
GLTA
IVX Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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