Have read most of the articles relating to DNDN's revenue warning and will now watch to see how far it falls tonight in normal trade. Its issues are related to the reimbursement model used by the prescribing doctors, something PRR has two years to work on, and has ZERO to do with the product.
With two years to refine their business model I view today's selling wave as an impulsive overreaction. Seeing the 60% DNDN plunge headline was an obvious catalyst and then the stop losses took over.
Those 'institutions' who didn't get their allocation at 28 cents can leisurely buy at a massive discount now.
Have read most of the articles relating to DNDN's revenue...
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Last
42.0¢ |
Change
0.025(6.33%) |
Mkt cap ! $598.3M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 42.0¢ | 39.5¢ | $890.1K | 2.163M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 127863 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 30850 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| IMM (ASX) Chart |