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Friday, February 15, 2019 3:35:11 PM
IMUN moving off bottom-Complete DD>>>
Trades on the OTC Qb so its a legit company at around .009.
The stock used to trade in the 2-5 cent area, and before that up around 20 cents a year and a half ago or so. All with the same share count as it has now, a low one at 450 M or so. Very low for a penny stock, which is good.
They are a drug company that has some novel products just about ready for FDA approval and marketing. For both humans and dogs.
https://www.immunetherapeutics.com/
This company has always talked about going to the NASDAQ but has not met the qualifications for it......yet.
I believe that is all about to change.
Back in November the company announced they want shareholders to vote on and approve a 1 for 500-1000 reverse split. Now, at the time this was met with angry shareholders and people who wondered what is going on? Why would a company with only 450 M OS need a reverse split? Made zero senses and the stock tanked to the .004 to .008 area where it has sat for 2 months while the company waited for the govt shutdown to end so the shareholder vote could take place and approve the 14-A govt document needed to do the split.
Well the vote will now take place Feb 28 I believe and I am sure the reverse split will be approved. Which brings us again to the question...why do a reverse split with such a low OS?
Here imo is the reason. They have some MAJOR drug deals and news events ready to go. Enough so that after the reverse split, which will take the stock anywhere from $20 to $60, they will immediately be able to uplist to the NASDAQ stock market and get off of the OTC.
They need and want the stock much much higher than its current .009 stock price. I would say a price of .06 with a reverse split price of $60, is perfect for what they want to do. And of course of the price goes higher even better.
So IMO we are about to get a huge amount of news and PR events that will drive the price up. I have also been told there is a large short position in the stock that NEEDS to cover before the reverse split, which will also take the price higher. I think its possible that with the short covering and the news coming the next 1-3 weeks, we could see a stock price of 10 cents or higher.
Again this company is a legit drug company. No scam. And the stock moves very very easily so once it starts going, I believe it will move fast.
IMO anything under a .015 to .02 buy is going to do very well here.
Trades on the OTC Qb so its a legit company at around .009.
The stock used to trade in the 2-5 cent area, and before that up around 20 cents a year and a half ago or so. All with the same share count as it has now, a low one at 450 M or so. Very low for a penny stock, which is good.
They are a drug company that has some novel products just about ready for FDA approval and marketing. For both humans and dogs.
https://www.immunetherapeutics.com/
This company has always talked about going to the NASDAQ but has not met the qualifications for it......yet.
I believe that is all about to change.
Back in November the company announced they want shareholders to vote on and approve a 1 for 500-1000 reverse split. Now, at the time this was met with angry shareholders and people who wondered what is going on? Why would a company with only 450 M OS need a reverse split? Made zero senses and the stock tanked to the .004 to .008 area where it has sat for 2 months while the company waited for the govt shutdown to end so the shareholder vote could take place and approve the 14-A govt document needed to do the split.
Well the vote will now take place Feb 28 I believe and I am sure the reverse split will be approved. Which brings us again to the question...why do a reverse split with such a low OS?
Here imo is the reason. They have some MAJOR drug deals and news events ready to go. Enough so that after the reverse split, which will take the stock anywhere from $20 to $60, they will immediately be able to uplist to the NASDAQ stock market and get off of the OTC.
They need and want the stock much much higher than its current .009 stock price. I would say a price of .06 with a reverse split price of $60, is perfect for what they want to do. And of course of the price goes higher even better.
So IMO we are about to get a huge amount of news and PR events that will drive the price up. I have also been told there is a large short position in the stock that NEEDS to cover before the reverse split, which will also take the price higher. I think its possible that with the short covering and the news coming the next 1-3 weeks, we could see a stock price of 10 cents or higher.
Again this company is a legit drug company. No scam. And the stock moves very very easily so once it starts going, I believe it will move fast.
IMO anything under a .015 to .02 buy is going to do very well here.
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