Who is Jo88? First post ever on HC today. Maybe she / he is a real insider not being allowed to post on HC but broke that rule or ?
Anyway, Plat aka Platinum held 7% according to last 3B on 13 March. If they would really part from 2.5% of IMU's issued capital they need to sell about 75m shares. They normally buy on company performance but sell when reaching a $$$ benchmark. Looking at the shares sold since hitting 4c their average sp would be rather 3.6c than 2.6c.
If it is Platinum then it got nothing to do with IMU, it is just adjusting their holdings due to their own company rules.
Anyone who wished for a lower entry then 4c should be happy, ST the balance looks crappy compared to last week but don't forget, to buy low shares must be offered low. ST pain, LT gain.
Or some people got scared by the news last night on all TV stations that there was a phase 2 / 3 trial to fight leukemia based on B-cell technology successful and they think that now there is no need for IMU's vax anymore. In that case, that mentioned pill is based on technology from 2008, now IMU is way advanced of that and that should be rather a reason to buy than to sell.
GLTA and happy catching the cheaper shares.
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