IMO only, I believe the share price 'tanking' is a consequence of poor NASH results. Again, IMO it all seems to point to pre-market announcement sell off. Lets face it, people are in the 'know' and the history of IMC announcements clearly shows us that we get a positive announcement quickly followed by a negative one.
Conversely and more recently, we saw 'on-market buys' by directors just prior to a dramatic share price plunge. Why? Looks like a strategy to instil confidence into the market. Perhaps those NASH results are imminent?
Having said that, this company has a blockbuster IP and they will be worth mega-bucks in the future, there's little doubt about that, albeit that SH will have to sit this out for a bit longer than anticipated. I'm happy to wait.
IMO only, I believe the share price 'tanking' is a consequence...
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.93M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.5¢ | $1.158K | 11.03K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1733 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 127271 | 4 |
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| Last trade - 10.48am 27/08/2024 (20 minute delay) ? |
| IMC (ASX) Chart |