"I refuse to believe that these facts can be rationalised at the same time without some sort of devastating collapse of confidence in the company and the people running it. Or some failure in current trials which prevents the ongoing development of them, which neither of the above circumstances has eventuated"
There are so many other factors currently at play in the market. For IMU there are the shorters that dragged down the price to the current bottom were it is sticking at. IMU is not attracting day traders chasing daily small profits like CUV (also very shorted) is as it does not have the solid reliable upward pressure on SP of respectable earnings and solid fundamentals.
Another factor that could be causing it to languish here is the overall market sentiment which seems to be leaning toward bearish and risk adverse at the moment. This will be keeping way institutional and large retail investors that are more inclined to put their money is safer places.
We all of course no of the major activities going on globally making markets nervous and investors inclined to seek safe harbours.
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