Hi SlickThis is probably investing 101 so excuse my lack of...

First 13755 Last

Share
Profile

Follow
GinoE

789 Posts.

305

16/05/24

09:56

Post #: 73850622
Share

Originally posted by slick: ↑

Love the passion in many posts. Can I add my 2 cents regarding the SP in my opinion and experience.

Around mid 2021 management did a CR at 30 cents with a specialist CR’ing Insto well known for quickly flipping the stock and moving on to the next one. A pump followed raising the MC into ASX300 and finally ASX200 territory.
This was the month that management lost control of the SP and passed it on to the Instos and Big boys.
Because of the ASX200 inclusion the big boys needed to take positions and the script was supplied beautifully by the CR insto. (Nicely played guys). Unfortunately with those big positions on a zero income stock comes mitigated risks therefore hedges are placed, algo’s are in full force and the stock trades completely differently than before.

Sorry but management now has no control over the SP movement regardless of what it announcers re trials or appointments or acquisitions. All those things are just fluff to the big guys, either cure cancer or show them increasing revenues. Also didn’t help that the MC was completely ridiculous for what stage the company was at.

Point to this post is that IMO, management is in control of the day to day operations of IMU but you need to cut them some slack regarding them also being in control of the SP as they have no hope. The market is in control of that so take it up with them.

We need to separate the SP and the market away from IMU management as the market will do its thing and management need to do its thing and neither half can do both. IMO.

Sure, go your hardest on management on their operational performance but to me, you just can’t include the SP in those criticisms currently.

Bring on a massive income producing announcement and watch things light up but until then ……………….

Cheers.

Expand

Hi Slick

This is probably investing 101 so excuse my lack of knowledge... Why is it in the institutions best interest to keep the price low? And how do they actually achieve the control you speak of, is it the hedges that create the weight and prevent SP increase or is it the algos? I just can't work out why, if they have such a large position, why they wouldn't want the SP to increase. Surely they don't care if IMU cure cancer or not, they just care about return on investment.

Cheers

IMU Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PR1

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

PRS

Prospech finds dynamite heavy REE grades from historic core in Finland

Trump is President Again: What Does This Mean for Crypto?

First 13755 Last

Add IMU (ASX) to my watchlist

(20min delay)
Last 4.8¢		Change 0.002(4.35%)		Mkt cap ! $360.7M

Open	High	Low	Value	Volume
4.7¢	4.9¢	4.6¢	$977.7K	20.56M

Buyers (Bids)

No.	Vol.	Price($)
13	3232340	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	854027	4

View Market Depth

No.	Vol.	Price($)
13	3232340	0.047
23	4573330	0.046
34	7029309	0.045
37	6583493	0.044
30	3316810	0.043

Price($)	Vol.	No.
0.048	854027	4
0.049	3622300	15
0.050	6027470	18
0.051	2006954	12
0.052	2391989	13

Last trade - 16.10pm 11/11/2024 (20 minute delay)

IMU (ASX) Chart

Hi SlickThis is probably investing 101 so excuse my lack of...

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

Prospech finds dynamite heavy REE grades from historic core in Finland

Trump is President Again: What Does This Mean for Crypto?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Hi SlickThis is probably investing 101 so excuse my lack of...

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

Prospech finds dynamite heavy REE grades from historic core in Finland

Trump is President Again: What Does This Mean for Crypto?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News