Yeah old trend was sell on news.
The way see it now is our shares are like options and there are 2 rapidly approaching "expiry dates" which as we get closer SP should increase to a "risked" price for each binary event.
Binary event 1 - Animal Trial - Success removes our hold from US.
Binary event 2 - Phase 2B completion - Success likely to allow revenue stream in EU and US (assuming Binary event 1 is successful)
The risked price requires uncertainty of both events. So as soon as we pass event one, exponential up to Single binary event 2 risked price.
Without doing the full math and using ITSA's speculated $5 intime, I see binary event 1 price at $0.80 1Q2024 and binary event 2 price at $3 3Q2024.
Speculation only and doesn't account for economy, whales, traders and potential insto position struggles.
Yeah old trend was sell on news.The way see it now is our shares...
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10.5¢ |
Change
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Mkt cap ! $94.66M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $102.2K | 1.006M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 341125 | 4 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
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