although it will change somewhat on opening on Monday ....
.. there is pretty much ' blue sky ' on the sell side ... upwards
.. The price 0f $0.28 for the Share Purchase Plan and Institutional Placement raising secured total funding of $41.25 million....
this latest Capital raising for PRR... which at the time was offered at a 18.8% discount to the share price at the time ... was to fundPhase 111 trials - Canvas
... the much touted resistance for Prima Biomed to come has been suggested to occur next @ this $0.28 level ...
... may just not be as much of a hump as many may think ...
... The anticipated supply of Institutional shares purchased @ $0.28 , if not sold already .. may just be ' in the bottom drawer' ... with the intention of actually maintaining a long term investment hold ....
... they know that with Prima listing on the Nasdaq ... a whole market of previously disallowed institutional US capital investors, including the wealthy US pension funds are now able to invest in PBMD ....
a great ' ground floor ' opportunity to get on board with a company, well advanced, fully funded in a stage 111 clinical trial ... of what is seen as the emerging ' Immunotherapy ' field of fighting Cancer ... a heavily favoured investment sector in the US ....
A quote from Martin Rogers CEO - Prima
"Prima BioMed is one of the biotech companies that has been on the stock exchange for a decade. It completed a $41m capital raising in the middle of last year, to fund late-stage clinical studies. Successful results from the phase III study will see the company well placed to achieve commercialisation in important global markets...
It takes a lot of time and effort to become an overnight success, but the Australian biotech sector has never been better placed to become just that this year, and investors to be rewarded considerably."
... There is every chance that the share price appreciation on Monday may just... ' shock a few people ' .... and looking forward to the ' double kicker ' in price ... of what may just happen when PBMD opens on the Nasdaq tomorrow night ....
... and may be reflected in our market on the ASX Tuesday morning ...
( On Monday night ... after watching the Prima Nas button pushing ceremony ... you can watch Prima's share price @11.30 live on the Nasdaq website with Real time quotes ... symbol PBMD
the link
http://www.nasdaq.com/quotes/real-time.aspx
chart, page-9
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
28.0¢ |
Change
0.005(1.82%) |
Mkt cap ! $407.2M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.5¢ | 27.0¢ | $352.6K | 1.266M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 156231 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 2491 | 1 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| IMM (ASX) Chart |