Hey SadTrades, recall this announcement from IMU on 2 December 2019:
"*Oversubscribed placement commitments to sophisticated and professional investors to raise $24.6 million.
*Capital raising fully funds the Company’s clinical programs including the two oncolytic virotherapy candidates and B-cell immunotherapy candidates through key value inflection points.
*Both platforms now fully funded through to meaningful proof of concept for corporate partnering discussions"
I cant see the 'sophisticated and professional investors' that invested $24.6 million of their hard earned cash into IMU at Christmas selling out at 10 or 15 cents. These guys intend to make many multiples on their capital and we're all gonna go along and enjoy the ride.
valuation 2020, page-3
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Mkt cap ! $382.1M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 382882 | 4 |
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