the old myth about Australians being dumb to recognise biotech jewels isn't true. But you see it so often on hotcopper, including 'if we just listed on the NYSE we would be properly valued' myth.
Anyone in the world can buy Invion shares on the ASX. Pretty much everyone but the poorest investor can request their broker, say in Mumbai or New York, to accumulate on the ASX. This in not 1970.
Buyers and sellers are taking two sides of the bet down at 0.008. That to me is also a global valuation to a large extent, even though I think it does not reflect fundamentals. The truth is that there are 'optically' better bets out there right now that invion at 0.01. Money will always move where the action is --- and there are stocks with far better stories right now for hot money than ivx's 'maybe' partnership.....
IVX Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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