Monday, February 12, 2018 11:08:27 AM
I can understand it, in that many were probably looking for some right-now share price improvements. Instead, IMEXF has no news driving share prices higher. Quite the contrary. The little news available indicates nothing positive can appear until efficacy news comes out of the Univ of Rochester clinical trial of the new technology. That's not any time soon. In months, not weeks. Till then, there is not a thing to drive the share price higher.
I can live with that. I have a small position now. And, with declining share prices, will take on some more IMEXFs. I'd be delighted to see the quick-money types sell out and drive the price down to a nickel or a dime. I'd take a much larger position with the same funds.
As I've mentioned, IMEXF is very different from new biotechs with new drugs that, if approved, will yields hundreds of millions or billions of dollars. There are lots of those, and almost all fail in Phase 3 clinical trials.
The difference here is that Imagin is an authentic biotech. It has a technology, not a new pharmaceutical, a new drug. Drugs have multiple effects on the body, some good, many bad. Most biotechs fail because their drugs fail to work as intended, or worse, have contravening side effects.
What are the chances of either of these with the Imagin technology, their lenses and image-processing technology? The only thing in the body, on the end of already approved and in-use cystoscopes, are some new lenses. They don't even touch bladder walls; can have no possible side effects. The spectra of light used are already known not to evoke averse events in living tissues.
The only thing needed to be determined, does this technology, this hardware (not a drug) facilitate cancer lesion detection and the surgical treatment thereof? No plausible in vivo reasons it won't, in both cases.
Sell your IMEXFs now, please. If the price gets low enough, I'll buy them. Check me out. Put in a sell order of $0.10.
Right now I'm putting in a standing buy order with my broker at $0.10. Hope to be of service to those who can now intelligently get out of Imagin and put their funds to work more profitably eleswhere.
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