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Talk of Administration is nonsense. Those that keep mentioning want in. Just at a lower price. News on trials will boost this. The lower the price the more it is a bid target. The company has an asset to sell, and has a licence to distribute. It does not need funding for sometime.
The company has not been giving out negative news or results. Avion is financing the trials, costs are low. IMM are doing ok and this can swing on a sixpence. This could double in an instance and 10X multibag. BUY THE DIP.
A limited company cannot go bankrupt-it goes in to liquidation. It us an offence to trade whilst not being able to meet it's obligations. It is a reasonable assumption that the directors will not wish to face disqualification or worse by operating whilst insolvent. There is also the buffer of the INC holding. I expect a prudent announcement very soon-particularly if there is a need for a fund raising.
The big deal is the start of the Lupus trial plus news about CIDP and the ROTW issues. INC looks very promising in the short/medium term.
GLA
I think more like 75-80% as the risk of bankruptcy is much higher now.
Helium One was 72% and a similar risk level imho
0.5p would be a 40% discount which in this market is about right, the market seems to want to take it lower
There must be an RNS very soon. the fundamentals remain intact. The big issue may be cash. That could be resolved in several ways including yet more dilution.
GLA
Looks like another classic case of an aim stock sell off front running bad news wider market is as yet unaware of.
Probs ran out of cash to pay her wages
I am in no doubt an RNS is imminent but whether we will like it is another question altogether.
Fingers crossed
Dallo:
Maybe she is working on a new RNS.
Even Lisa is not responding to my emails which is very unusual.
After years of optimism regarding IMM, I've finally sold out at a 97% loss in my investment. Incredibly disappointing to see what's happening for long term holders but especially more so for the sufferers.
How could a company get it so wrong???? Oh, I've just remembered, Tim McC is in charge....
Good luck to all LTH's here and Lupus sufferers.
The answer WAS WHEN CEO WENT
Tim has basically screwed us all. Remember company being slated for lack of communication and him saying they were going to improve that. Not
Silence from the company says it all
... delisting...
I think Incanthera must be taking up a lot of his time too with their new commercial deal. IMM clearly not in his sights atm.
Tim is probably too busy focusing on his new snake oil (4basebio plc). Can’t even get one plc off the ground and hes trying another one lol.
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