IMC 0.00% 8.8¢ immuron limited

The results of the testing is due at end June (or was it July?)...

  1. ich
    666 Posts.
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    The results of the testing is due at end June (or was it July?) so perhaps investors are figuring the very low current SP can only go up from here? Note again as I've said a few times before that at 8 - 9c the SP is covered by the cash they have in the bank. That doesn't happen often. All the IP, and the fact that they are currently selling an actual product has zero value on the SP currently. It's based only on only cash backing. If the tests are positive it'll be back up to 15 - 20c and then move up from there as other results come in or if there sales continue to improve.
 
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