for those who cannot read the latest news on Invions site re Van Leeuwenhoek Research this is part of what I am now reading in the report.
Its says
• At the end of December, the company had AUD 2.1 million in cash. In 2015, the company was successful in raising in total AUD 7.4 million through placements to professional and sophisticated investors and a 2 for 7 non-renounceable right issue entitlement offer to existing eligible shareholders. • Based on sum-of-the-parts valuation, we believe Invion is substantially undervalued at the current share price of AUD 0.006. With the positive phase II data of INV102 and INV103, we have increased our valuation for the company from AUD 100 million to AUD 116 million, or AUD 9.7c per share. This represents a substantial upside from the current share price.
Wow!
IVX Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
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