Hi all,
Decided to have a look further at Platinum's investment in Imugene & I think I may have found their reason for selling. I believe it has nothing to do with the fundamental, but more to do with bookkeeping.
Okay the number of shares have dropped, but the total investment value is pretty much about the same since last year. Note when our SP dropped, Platinum bought more shares & when the SP went up, naturally they sold to keep the amount to about $3.8m.
See attached table & graph based on their last 4 announcements.
So what do you think? Please please DYOR
Cheers,
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