Well I'm simply in disbelief !
We woke to the start of Spring, coupled with a great data update on Monday. Three Complete Responses coming out of the azer-cel 1b trial.Volumes traded in shares were over 300m for Monday, with the stock briefly hitting $0.082c. We closed at $0.62c last Friday. Today, a week later we're trading at $0.56c.Now we can blame Inflation, causing crippling levels of Interest rates, with no surplus money around ( Retail Mum's & Dad's).
However, I take a different view. This bureaucracy we live in called Australia, is more to blame for our SP wow's. Firstly Individual Self Managed Super Funds (SMSF) and Industry Super funds are now prohibited from investing in IMU, simply because their not a top 300 ASX company. That's only been in effect over the past few years and even saw our investors, forced to sell shares after last years capital raise. Australian Super funds have trillions of dollars being held. Imagine the now restricted amounts of money being held back from Super funds, that were once able to go into companies such as IMU.What's wrong with a SMSF having a $10k- $20k investment in a company with over $400m market cap, if that fund has $300k- $400k in it. We're now so used to being told what to do, that nobody even challenges these bureaucracies any more.
Sure safeguard's need to be set, in saving people from themselves. However, percentages of funds invested in smaller ASX companies, would serve a more constructive purpose. I'd like to see what answer they'd give you if IMU became a 50 bagger, and this nanny state cost you millions in proceeds, not to mention the tax we would pay in paying for their existence. So that just leaves the non Super institutions such as banks, plus retail investors to keep our SP solid. Given our relatively small population, coupled with cost of living pressures, it's no wonder our SP is where it is.
This is also compounded by The ASX and ASIC being toothless Tigers. The manipulation from Shorting in particular, they allow to go on forever.
So unless something groundbreaking comes by way of trials/ data or a partnership of some kind in creating revenue, we are stuck with this joke of a SP.
Shorters will continue feeding and eroding any SP gains. Similarly institutions will purchase then dump and run in taking quick profits, after announcements such as this week's.
I'm confident in the science, and although I'm over LC talking everything up in a management that relies almost purely on trial results as a measure of success- I see big things happening for IMU!
I've long said it's like a game of musical chairs for the retail investor. should a T/O or deal come, forget what its trading at. following a trading halt the SP would trade many multiples once trading again. It would then be up to Shareholders to accept a price ( amount offered divided by shares held- 8 billion in shares and options ) in determining that price, so forget the paltry $0.055c its currently trading at, should this ever happen. Should management not see an such deals or T/Os on the horizon, then I'd like to see a NASDAQ listing in getting out of this restricted nanny state.
The NASDAQ provides millions of investors, where here in this nanny state and our small population, we only have thousands allowed to invest.T/O - Deal - Or NASDAQ listing, I see as our best hope of seeing the SP with any growth or stability. It all starts with great data continuing over the next 4 months, with two other Data results coming anytime between now and then.
Investments and bureaucracies aside - Have a great Weekend everyone, in this beautiful country of ours !
-GO IMU!
Not Financial Advice - Opinions Only - DYO
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