It’s because all the flippers who participated in the CR had the same idea - flip the heads and keep the options. And then stop losses got triggered etc etc
It was a stampede. None of the flippers really cared much for the science or believed in the company. Plus the market has moved unfavourably
SPP closes end of today so hopefully once that’s done and dusted and we see some news things will turn
Also many biotech ipos recently (RAD) for example are trading well below IPO prices
And ANP which recently did a placement at 24c plus oppies is currently trading at 20c and there’s still an entitlement offer in play - so it’s not just IVX
IVX Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)