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Well no because if there were more buyers than sellers since Tuesday the price would not have dropped 15%, add to that Lanstead and L1 selling along with some who took the 5p placing Its not particularly sticky, it’s SETS traded as Iv already mentioned that’s the reason
thanks for your thoughts DALL, but i still think it's because of liquidity issue
in making a proper Market in this stock, ATM, trying to match big buyers with sellers
at a time when they are in sticky hands, waiting on FDA can only get harder and harder
but i could be wrong...
ATB
Maid
Late opening trades currently delayed in numerous stocks on LSE.
I suspect holidays/ transport/ staff issues.
Should be back to normal, I hope,next week
last post and just an observation did anyone notice that
IMM did not open for business until 9.30 AM ?
what's that about?
is this the strangest stock ever?
FKN love it THO'' my kind of stock to hold for as long as it takes
to get results
good evening...
i never wan't to post on that plummeting thread above as it really
don't tell the true story of our day to day trading pattern at IMM
since the Market get wind of approval coming our way very soon
a little research for you guys and might help in explaining the uneven
pace of the ups and down in SP that we are seeing ATM.
as it was only 1m shares exercised FFS and they seem to be making a meal out of it to
get stock before news IMO
what we see on our PC screens is only telling half the story re: the AT trades which have been executed on the order book. In these circumstances, it's not surprising that traders and shareholders used to the SEAQ system are misleading themselves ? and therefore putting themselves at a serious trading disadvantage - about (a) total volumes and (b) buy vs sell activity as shown on ADVFN, MoneyAM, iii etc.
There is little that the online services can do about it, to be honest. Although they could ensure that all AT trades were automatically placed in the ??? column to differentiate them from the O trades.
In the meantime, for every AT trade that appears in the buy or sell column on any watchlist or monitor, it's vital to remember that there is an equal and opposing volume in the opposite column. O trades do represent a fair picture of buying and selling by investors. AT trades only show the half of it! Literally
ATB good luck everyone for next week
308..
Halfbutt,
No leaks from the FDA ,I can assure you ,as it is a Federal crime in the US and likely imprisonment for a Federal employee who leaks market sensitive information.
It will not matter if Alora/Immupharma know the result on Monday as UK stock market is closed and RNS will be issued at c7pm on Tuesday before opening.
Tomorrow will be an interesting day to see if punters will take last minute positions.
This time going into trial with valuable information from first one no mistakes this time round. Been frustrating but if this comes off everyone will forget the past years in doldrums
No leaky pipe before Tuesday..or does it just mean more bad news
It’s SETS traded that’s why it moves in mysterious ways
Some stop losses might have been triggered…
Let’s see
i was saying about the strange movement in this stock unlike no other
and i would rather be locked in than locked out so close to company making news''
i would not say Plummeting'' THO that's a bit strong''
but you are right about bouncing back up NP'' as the SP did just that just now''
and back to 6.50 on the ask in matter of seconds, WTF''
looking forward to when it really start to move north LOL!!
blink and you would have missed it''
Very strange behavior / volatility
Would’nt be surprised to see it move up from here but wtfdik
Actually, this is a great stock for trading.
You just have to buy when low.
Made 2K on Tues when it spiked up, which will pay my energy bill for the month.
GLA
Such a f....kg depressing stock. 30p my average. I written this dog off £8K
As D-Day approaches some investors are naturally getting a little nervous and cutting their risk which seems strange giving the relatively low SP of 6p.
Obviously if we get a shocker on Tuesday it will prove decidedly prescient but everyone has their own investment risk profile and should be respected.
I am holding and after 8 years here , I hope the longterm and long suffering shareholders are duly rewarded for their patience ( or stubborn blind faith).
All the very best for shareholders for next Tuesday.
conversion or the strange SP action we see before a massive rise.
its in the bag, only formalities remain.
https://youtu.be/d-5IgpviOy8
@r0h1td - You posted 1 time and with big new - Very strange..
Where does it say FDA approval given? Price action certainly doesn’t suggest a positive leak…. FDA respond on 29th August fyi
Approval given. calm before the storm!
Oh. So It seems the options and other dilutions ARE relevant after all… worra surprise :)
The company call lupuzor late stage phase 3 drug.
Just in america there is potential for 1bn in sales per annum. Imm have 17% royalty on that..
Once phase 3 confirmed the mkt cap of 20m will surely increase. Just 2 trading days to go...
Well hopefully next monday they get go ahead for phase 3.
Company got phase 3 fully funded by drug maker and have attractive royalties in USA, around 17%..
Company is clearly undervalued.
Yes, these Options came in 11 June 2020, with an exercise price of 11 pence. The result of the fundraising agreement in August was to amend the exercise price from 11 pence to 5 pence, with the trade-off being to increase the number of Options held by L1 and Lind from 25,640,254 to 56,408,558.
The narrative being suggested here in different phases is that there is a 'death spiral' by liquidity agreements, with cautious profit taking and selling in anticipation of a negative FDA. Finally, that there is some positioning to sell into any rise to neuter any significant rise for PIs. There is much narrative that can be presented in support of this narrative.
That said, these circa 26m options could have been sold for the same 1p to 2 p profit any time in 2020 and 2021, as the sp was higher. So might be an idea to keep in mind only 1m options have been exercised before we start to panic.
could it be that they are converting that 1m now because they know
what's coming by the end of the month, or just after, or as NAF'' just said it's been
forward sold flipped already today, as there has been over 3m traded
more on the sell side, which is quite a good volume day for 1MM IMO,
so they could have taken quick profit of £15k if they got them at 5p
but i really don't think they would be that stupid with FDA decision so close??
who knows'' a profit is still a profit in this new investing climate, of no trust''
and move on to the next fix... but i must say the SP held up well and only 3% down
on the day should tell us that there is a lot more to come here, when it's ready
good weekend