How anyone posting on this thread can be confident the company is either a bust or bargain demonstrates a total lack of understanding of how a capital intensive IP business works AND how market pricing is determined.
The absolute reality is that none of us can know what novel break throughs IMU may be close or whether it will have enough money to survive to reach that point. These are simply unknowns, though from this thread, may posters believe they have that knowledge. BS.
The market is the meeting place of investors (and speculators) taking opposing sides of a trade. From time to time, prices jump illogically on a rumour and on the other hand prices may tank on NO NEWS. Neither position is rational, but that is simply how the market mechanism works over and over and over again, all over the planet.
It is totally understandable that IMU holders are somewhat frightened by shock of the CR and post CR price train wreck.
Except for the luxury that age has afforded me, (that is no debt and relatively deep pockets), I am no different than any other holder. I am seriously in the red, in my 2023 IMU trades, though I have made a few bob over the last 4 years.
I am not a medical reseach individual, but I am an experienced speculator.
I cannot offer anything substantive to re-assure investors that the company can recover. Nor can I see anything substantive that the company will fail. It has a fair wad of cash to survive quite a few years yet.
Any current investor, especially those hurting, needs to have the confidence courage to hold,as well as the patience to wait for product development to advance. I suppose like having a second child, no one to wait 9 months for the (hopefully) joyous birth, but that's how it works.
For IMU there is no magic formula that will produce a magic product. The right minds, ingredients and experiments are all in play, and costing money, with no certainty of outcome.
This post, is banal and offers nothing but generic guidance to those who need to be reminded about the risks of speculation. Do not confuse IMU with CSL.
For my part, I have tossed in a fair bit of cash, and the short term outcome is not good. But in my view, IMU is a talented crew mid way through the 2nd quarter of a 4 quarter match. There is a lot more of this business yet to unfold, especially once the CR is over. At the very minimum, it will be a financially stronger and technically more diverse business, than it was a month ago, despite what the current share price indicates.
What I intend to do is watch it to unfold, without allowing emotion to cloud my existing position. I genuinely hope others here can do the same and not be intimidated by downrampers or over excited by uprampers. Our collective fate is in the hands of company managment and the research team, each doing their best and each subject to human error.
Based on the heightened uncertainty surrounding the short term share price and the business itself, I am altering my sentiment to NONE though I do not intend to sell any of the shares I hold. Each investor hopefully has already reviewed their stance based on their individual financial circumstances and risk tolerance.
GLTASH.
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