Pls read below text in announcement dated 13/03/2018
"The Company’s ASX and NASDAQ securities were placed in a trading halt on Monday whilst negotiations continued with the US institutional fund. Whilst under the trading halt, Immuron has been approached by several other large US institutional funds also willing to enter negotiations with the Company surrounding a potential significant investment.
With Immuron’s interim-CEO Dr Jerry Kanellos commencing the US leg of a planned non-deal roadshow this week, and with the release of the updated corporate presentation which includes additional clinical trial results data this morning, the Board believes it is critical that the Company’s securities resume trading whilst the Board evaluates all of the alternative investment offers which it has received."
Now one wonders what happened to these other "Large US Institutional funds" offers and when the board will announce the outcome of "Alternative investment offers"? The SP was 39C the day ann. was dropped and traded above 50C on the same day I guess. Don't you think management owes an explanation to it's shareholders?
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immuron limited
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Last
6.6¢ |
Change
-0.010(13.2%) |
Mkt cap ! $15.53M |
Open | High | Low | Value | Volume |
7.2¢ | 7.2¢ | 6.6¢ | $62.86K | 903.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 69464 | 6.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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6.8¢ | 7142 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 69464 | 0.066 |
1 | 15384 | 0.065 |
1 | 10000 | 0.063 |
1 | 47741 | 0.062 |
3 | 149703 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.068 | 7142 | 1 |
0.077 | 12998 | 1 |
0.078 | 177000 | 4 |
0.079 | 13558 | 2 |
0.080 | 50000 | 1 |
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