Unfortunately, to compound the magnitude of the losses on heads, I was one of those punters who exchanged a considerable holding to leverage into the IMUOE release. The rhetoric at the time, "following the science", quoted timelines, fast track FDA, registrational trials and all that jazz made them seem like a sound wager with a 3 year time to expiry.
Well, what do they say, fool me once etc.. just over a year left until they expire, and an 11.8c exercise price - IMU has to rally 800% before they are worth ANYTHING. And if they achieve that 800%.. IMUOE will have an intrinsic value of 0.2 of a cent. Which is what they are trading at currently
IMU Price at posting:
1.6¢ Sentiment: None Disclosure: Held
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