IBX 0.00% 7.0¢ imagion biosystems limited

He's talking about buying when others are fearful. Not sure I...

  1. 2,713 Posts.
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    He's talking about buying when others are fearful. Not sure I would try and catch a falling knife on this one. The resident ramper has and still is, misleading people on both the market cap and the number of shares on issue. Buying and holding on the hope of some news is not an investment strategy. There are approx 1.3 billion shares on issue, fully diluted. Thats 100m$ Co at 8 cents and trials dont start for another month, minimum. There is then a 6-9 month trial period. As the gap at 5 cents is looking less likely to be a breakaway gap, I would expect the SP to try and attempt to close it. Not saying it will, but the SP will gravitate towards it. Might be some interest again when trials start, whenever that may be but the money behind the last raise got their pump to unload, as did I at 9.8. Next support is 7.4 cents. No one will lose their shirt on this one as it is a good investment IMO but those that paid high will need a lot of patience.
 
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