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5.71%

3.3¢ imagion biosystems limited

Agreed. Also, FA aside - there wasn't enough demand to break 10...

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mcgaffen

3,268 Posts.

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23/11/21

14:50

Post #: 57786739
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Originally posted by ainsleym: ↑

True. On a side note, part of the issue we have which has dampened the share price ( temporaraily) is that there is not a large difference in absolute terms between the heads and the oppies. Basically lets say the heads are 8.5c and the IBXO are 3.5c. A 5c differential which is the conversion price. So you have to sell more or less one head to fund a bit under two option conversions. Now lets say a company has heads priced at 50c and the oppies are 45cents due the 5c conversion cost. In this scenario by selling one head you can fund the conversion of 10 options. So in this situation there is not as much selling pressure placed on the heads to generate the funds to convert the oppies. But in IBX case, you need to selling one head only funds a bit under 2 oppies conversion

Roll on Friday/Monday and get these options expiries behind us and back to a more realistic heads prices

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Agreed. Also, FA aside - there wasn't enough demand to break 10 cents, so from a TA perspective, retreated as a result. However a re-test, where we have 100% confirmation of that resistance line, hopefully will see a break.

IBX Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.3¢		Change -0.002(5.71%)		Mkt cap ! $1.176M

Open	High	Low	Value	Volume
3.4¢	3.4¢	3.2¢	$1.8K	53.28K

Buyers (Bids)

No.	Vol.	Price($)
2	30632	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.3¢	19907	1

View Market Depth

No.	Vol.	Price($)
2	30632	0.032
2	48878	0.031
3	234000	0.030
2	194068	0.029
1	165274	0.028

Price($)	Vol.	No.
0.033	19907	1
0.035	4510	1
0.036	9093	2
0.040	18227	3
0.044	1422	1

Last trade - 16.10pm 04/09/2024 (20 minute delay)

IBX (ASX) Chart