RE:Interesting spread & vol.Yes, these are interesting bid and ask spread. Looks like the cheap (lower than rights offering share prices ) shares are finally 'drying up'.
I know I have have bids at USD10.70 which have expired without being exercised.
Based on closing prices the last few days, I am still surprised that there are some shareholders willing to sell shares for less than USD 11.50 (approx rights offering prices), so I am surprised anytime the share prices drops below that as it seems to be doing several times.
The daily volume has been miserable though (~11,000 shares today).
I do understand there are no buyers in the market though. The bid-ask spread seems to be widening.
Since LMNL is unknown to most (U.S investors, I am not even sure that there will be a big pop on news of FDA approval.
I expect wild swings in the prices and much bigger volume if/when/once a deal is announced (within 6 months or so ?)
Tar