Australian (ASX) Stock Market Forum

1AI - Algorae Pharmaceuticals

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Joules MM1 said:
...expecting the safety board to approve next major study for PD to get the green light

the 80mg inplant should have enough data to get the nod

essentially this is the do-or-die period for the next few years regardless other pipeline ideas
Click to expand...

not much has changed

medsafe annoc likely to coincide with international bio convention this week
 
significant bump in todays sp ....unfortunately the word "significant" was missing from last nights release, replaced with "relevant" and that's the reason the release was not marked as market sensitive

once the ripple runs out of steam in the auction and reality sets in there'll likely be a lull while news is awaited for a bigger trial, enough data suggests a large user-pays trial is required as the cap cost is too high for the company without dilution
 
and hello! wots this all about ?

nuthing for literally years then suddenly boom, leaky boat ?
  • Volume9,015,471

  • Last Price (AUD) $0.015
    Today's ChangeUp $0.002 (15.38%)
 
  • Bid / Size $0.015 / 1,344,583
  • Offer / Size $0.016 / 591,690
  • Volume13,844,560
  • 23% today
  • someone wants it obviously, expect a please explain from granny
 
On September 11th, 2023, Living Cell Technologies Limited (LCT) changed its name and ASX code to Algorae Pharmaceuticals Limited (1AI).
 
So is this stock doing ok because it has AI in its ticker?
Probably.
I don't know anything about it, but the chart caught my eye and was a consideration for the comp.

Screenshot_20231002-131832.png
 
The company provided very rosy comparision but quarterly report suggests nothing exciting for next three years.
Thought to put for June comp - but reading through, thinking twice
No of shares - too many - sure sign of consolidation at some stage
Good thing 45% of shares held by 20 top share holders. Was it mainly payment made by free issue of shares in lieu of shares ?

1717253995581.png


https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02736876-2A1486270 Issue price was 1.6 cents and now 1 cent
LCT changed to 1AI

1717253821967.png
 
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