The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I see only 2 possible outcomes from here.
1. Share consolidation ( i.e. 10 to 1) and then followed by a capital raise
2. Delisting
They are preparing the final results so they will imo need to raise funds beforehand, it’s clear the market knows what’s coming here, if no rns tomorrow after the total price collapse the silence will speak volumes. Avion would simply pick up the IP from the administrators if this went bust, happened at DDDD the assets just got sold off because they couldn’t fund the cash burn… they are hardly going to support IMM over the next 3 years in every placing, they didn’t take any in the last two placings…. IMO they should mothball all R&D work now and just run as a shell company to save cash this cash burn at this Mcap level is unsustainable
Given the amount of emails to the company in the past few days from myself and other shareholders, I am expecting a major RNS tomorrow or Tuesday at the latest.
Well done wildtiger, these unloved stocks do regularly pay out well to the shrewd few that can judge timings and sentiment.
As far as we know, Immupharma is still on track to complete the trial as planned with a partner paying for everything. That partner is not going to let IMM sink into bankruptcy, they are going to be tens of millions of pounds into a trial with an expected good outcome so throwing another few hundred grand keeping the lights on is a no brainer… It’s been shown they wanted to start a commercial operation allowing IMM to generate cash through sales in the UK that wouldn’t ordinarily allow Avion to get market penetration. To date, these plans have not materialised but these things do take time so it’s not necessarily out of the realm of possibilities..
I’m currently not holding but am eager to get another position, I feel the trial is definitely going ahead and anyone buying at these levels couldn’t be in negative territory for long if they show the trial is starting this year.
Far too many negative posters on this board (some notorious members clearly want a lower entry) and I feel there’s dozens of positive posters out there that simply can’t be bothered argue they’re point.
If you hold and you are confident the trial will go ahead, I’d avoid this platform..
Wild tiger
So you have made over £100, 000 on Immupharma.
Well done I didn't think there were any winners in this debacle!
I am always a sucker for good luck stories ( or tall tales !)
Black or red….place your bets.
Not for me thanks, despite it being 50% less than the price I sold.
Ive made over 6 figures from this so far, dont fancy giving any of it back to the “house”
Wildbunch
I also emailed Lisa requesting an urgent response by the company to the total collapse in the company's share price driven in part by deep uncertainty over its financial position.
Written to IMM tonight urging statement about cash position. Encourage others with similar concerns to do the same.
GLA
Alex - I hope it works out for you. But with all due respect, buying under £4k's worth of bombed out IMM shares is not really a huge vote of confidence in anything.
Just a straight out gamble, putting it all on black at the roulette table.
Dear brave Alex,
I am holding here too but not daring to dig deeper. I hold a few other AIM whales-turned-minnows.!
So I hope for all our sakes that your confidence here is not misplaced. I know it only takes one real belter to make such investment policy worthwhile, but the record of AIM is not on our side! I have a fairly balanced p/f and I hope you do too.
It has no cash, no revenue and an illiquid investment atm.
Going to the wall or a very diluted position, quite clear Mr Market talking,
DYOR
Tell us how much is the stake worth that Immupharma has in incanthera?
Not sure why you are throwing words around like administration etc.
I think you have an ulterior motive here and want it lower. You missed. What this jump on possible stake sale or positive update.
Last chance to BUY THE DIP.
In today’s market, where fear seems to be the prevailing sentiment, it's essential to look beyond short-term fluctuations. Despite today's 17% drop in ImmuPharma's share price, I've increased my stake by 420,000 shares (confirmation below), confident in the company's inherent value and promising future. Amidst the noise of misleading comments about potential placings and speculative busts, my decision is based on a firm belief in ImmuPharma's current position and trajectory - arguably, stronger and more promising than ever.
This is not just about making a statement; it's about acting on conviction. I've put my money where my mouth is, fully aware that the current share price does not reflect the true potential of ImmuPharma. Time will indeed tell, and I won't engage in debates or respond to ignorant comments. My action speaks volumes about my confidence in ImmuPharma's journey ahead. Good look to all loyal LTH.
"The date indicated below will automatically change to reflect the settlement date.
* Date Type
Share
Quantity Price Amount Status *
Order Ref.
* 01 Mar 2024 Buy IMM 420,000 0.949p £3,996.30 *Executed *
* P-020809 * IMMUPHARMA PLC
Lambo
1. " Lanstead still have 16% to sell"
if they started with 16% and have been selling for 2 month since the drop..not sure they can still have 16% to sell?
2. " but who will buy them all because they can’t sell them on aquis there is no volume."
if anything a private OFF BOOK deal with a known investor , via a broker ..no need for Aquis
3. " the radio silence despite the share price action is a huge red flag imo "
IMM knows if Landstead are selling , and will/could Update at some near term time after Landstead issues a TR-1 Update
As a few years ago done very here but i dont hang aroung for these dreams anymore in most shares i buy . Happy with quick trades and yes i take regular losses but try to keep them small and not live in hope it come back . I used to dream imm would make me bundles but over the years learned it was not for us investors . IF YOUR THE CEO ETC the wages have been good . Never was happy with the investment in tims company it was poxy . Wish you all well and hope it gets to a pound for you .BACK IN THE DAY i dreamed of over ten pounds a share
You really have no clue. Take a loan on.
This company has no revenue streams…repay the interest with what exactly…the capital?
Priced for bankruptcy. People loading up now will look back in a week at 0.5/0.6 with regret.
Quite clear the dark arts at play here, as is common with AIM
Has it been market shenanigans for the last month or has it been Lanstead selling down and the market knowing a placing is imo needed to avoid administration? Lanstead still have 16% to sell probably a bit less if it has been them selling today but this is imo impossible to invest in atm due to the state of the biotech market for fund raises, can easily be forced to take a 50% discount, all well and good having £700k worth of aquis listed incanthera shares but who will buy them all because they can’t sell them on aquis there is no volume. As I have said they are imo in a very bad place and the radio silence despite the share price action is a huge red flag imo
Market shenanigans. Buy the dip. Watch this fly back above 1.0p. A bit of positive news and it is an instant 2.0p I am buying and have bought a fair some today.
Avon will take this off the administrators. There’s no debt so it will just go to the majority equity holders to find it out.
Mavs
I was posting the very same view for almost 3 years.
Terrible outcome for LTHs
If you bought at the placing price then sub 1p is an no brainer, but I personally think Avion will take this in-house and an offer will be tabled.
Nice to know that Incanthera share price has gone up over 50% over the last years. Pessimism over-done here. If they need cash its an asset ready to sell, or take a loan on. Its highly unlikely that company will dilute at such a depressed price.
I have bought a few on the drop. By the dip, things are actually looking good. Watch this bounce back. Bit of positive news and its a 50% jump.
Buy the dip is my suggestion.
You wont regret it.
Good luck to the LTHs that have opened their wallets again. Quite a few familiar names that have been around since the last P3 readout.
Sadly seems to be playing out as predicted. The lack of communication is a pattern of behaviour that has been inherent with this company for almost 20 years. Normally by now the usual ‘jam tomorrow’ RNS would have been issued.
In the absence of such imo they should suspend trading and formulate a plan (together with Avion) to rescue the company from the inevitable.
Shocking treatment of private investors that have supported this company by the BoDs
On 2nd Feb at 1.36p … “Move back up above 2p for me it looks like. An update next week is on the cards!”
So you’re just gambling then?