IMV Inc IMVIF

Shareprice

[Hideaway]

Can anyone shed light on why we have lost about one third of our SP over the last three trading. 
The NR re the Vitalize study seems to have presitaped a lot of the loss,The results seemed very good although only a small nunber of participants were involved.
Antisense,you have demonstrated a very knowledgeable insight into IVM in past posts.Any thoughts on this most recent action that could explain the situation?

[TommyD]

They got into bed with sharks on their last raise and are paying the price. Pretty standard story especially in biotech. The entity involved in the raise had no hold period and has an exemption to provide insider reports for whatever reason. It's a recipe for disaster. They have very valid science and impressive partners but, as with many public companies, they gave control to actors that went

[prosciutto]

This must be illegal? They cant drive the stock down using their own shares if they are shorting?

[TommyD]

It technically is illegal, just as naked shorting is illegal. Unfortunately it happens every day. There are many ways around the legality of this and the regulators are not out to protect the average retail investor. Sad reality of the market. If you look at the 13Gs files today the same thing probably happened in December. Look at the volume yesterday and today. 30%+ of the float traded each day

[prosciutto]

wow, i have just 1 question, doesnt the market regulate this kind of thing and stop trading if it sees suspicious activity?  

[DaveInvestor59]

They are pretty pathetic managers of their own stock. My original investment is down 95% with no upside in sight for now. With that kind of a loss in share value IMV has no business even being listed.

[europe10]

I have learned through my years Management. It is all abut management IMV NEVER had In fact, it got worse through the years IMV is one of many companies in the space.  Like many Canadian companies the understanding of communication with investors, and financings is next to nothing.  "Build a better mousetrap, and the world will beat a path to your door Painful reality --- not true