CUV 0.73% $13.58 clinuvel pharmaceuticals limited

Is Clinuvel's share buyback price goal just $15?, page-6

  1. 875 Posts.
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    Yes it's pretty laughable, I saw the Chairman's address in Sydney and it was pretty good as summarised by Cyprus. However, I did have a chuckle about when he said "we now have three investor relations experts over three continents." Well last night in Europe 250 shares were traded, in the States it was 1119 depository receipts traded and amazingly these numbers are higher than the normal number of trades I have observed which are usually just for arbitrage anyway. Here in Aus. just a couple of thousand shares and usually the very low volume here contains a lot of shorter back and forth churn trading/manipulation. Meanwhile very risky and loss making Disc turned over about $10 Million in volume which is low by their standards - CUV needs to learn from Disc how to attract investor interest because even after being dumped after flunking their EPP trial they are still a much, much higher valued company than Clinuvel. At least once Clinuvel attracted some big buying like from a single investor in Sep 21 who took the price over $40, I wonder if they stayed on the books or left after the shorters simply drove the price all the way back down again to 5 year lows and out of the ASX200? Share buyback anyone.

    All IMO DYOR

 
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