I am somewhat amazed at the quick sell off of stocks based on an Interim report. To me it all too convenient. Lets face it, if the BOM @ Immuron were privy to these results (and they were prior to the ASX announcement) and understood the affect of what some people are classifying these Interim NASH results as devastating, then IMC would have held back posting the report to enable themselves sufficient time to 'dump' their massive share stock holdings and formulate another business plan to keep SH appeased.
All this sentiment is based on one (1) Interim report that does not indicate failure, what it shows is that Immuron are being responsive and proactive in obtaining an Interim report so they can perhaps 'tweak' the formulation to achieve the desired top line results. There was no requirement to provide SH an Interim report. For me, I like the transparency that the Immuron Board are giving their SH. The truth should never hurt.
Remember also, this isn't the only product in the pipeline.
I wouldn't go selling them off so soon.
IMC Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
