Some observations. Following the lifting of the trading halt there was almost no liquidity at at 8 cent levels. Today over 1 million shares were traded in the 9c to 9.4 cent range, finishing up 0.1 cent. I think bids in the 8 cent range are looking more and more wishful.
The status now is that IVX has $5m in the bank with the same market cap. This should be enough to get us to his time next year, with additional buffer of $2m from the retail placement. A wonderful place to be in, once the froth from the the dilution dies down.
Correct me if i'm wrong but the next announcement, excluding much-awaited trial results, should be the start of the recruitment phase for Cessation (mark 2).I'm also assuming the feasability tests with 3M for Zaf. and Nadolol in inhaler form might not take long. News could come from multiple angles.
IVX Price at posting:
9.0¢ Sentiment: LT Buy Disclosure: Held
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