Rinse and repeat...12 Aug 2021 15:04
Personally I was hoping to ditch this share today but it didnt rise to my exit price and so I remain locked in.
The reason, in my opinion, is the market simply doesn't trust them. The history of IMM is to release good news andthen go cap in hand to the market with more share dilution to raise enough capital to see them through with the promise of success being just around the corner. Again, if we look at the history of their predicted timelines for announcements and updates it shows high levels of incompetence, and the fact they hide behind Covid for the slippages is outrageous. The Phase one result is not going to be announced in 2-3 months from now. I suspect we will not get any communication on P1 until January at the earliest and it may not be until 2024 until the P3 is completed. With no news forthcoming on the rest of the pipeline this share is going nowhere.