GREY:IMVIF - Post by User
Comment by
qwerty22on Jul 15, 2020 11:24am
153 Views
Post# 31270712
RE:RE:RE:RE:RE:Missing the plot
RE:RE:RE:RE:RE:Missing the plot What most surprised me about yesterday was the market reaction. I don't think the news they released was that spectacular. They didn't get approval for the trial as some news outlets are saying, the 3rd bullet point at the top says the CTA is still to come. All that happened is HC and IMV agreed on the shape of the trial. Well there's plenty of guidance on that, plenty of examples of other company Ph1 trials, IMV should really be presenting the regulator with what they want and the regulator agreeing to it, that's not really a challenge. It shouldn't be surprising they come out of that meeting in agreement, which is basically what the PR says. The fact the market goes crazy over that is great, I worried we might get forgotten, ignored as a Canadian regional play but it seems not. The fact that traders turn up on the board yesterday to tell us how to sell our shares is more evidence of the market interest.
I can't wait for the more solid milestones than yesterday. Clearly the market has an appetite for ALL covid plays. If the company keep going with a solid program, if gov $$$$ come onboard, who knows where this goes. It's a long runway starting from $300mil market cap.
casher wrote: Agree ATM facility (hopefully they took advantage of yesterday) and Gov't funding would turn this trajectory around quickly. I'm thinking $20 by the time phase 1 results are out.
GLTA