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IMM - Immutep Limited

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Looks to be heading back on the way up. Around 2 buyers to every seller. Hopefully we can get a move on with some good announcements. Activity report is good as the fundamentals for PRR are excellent.
 
I had been hoping for a proper double bottom; but when it broke out of the volatilty envelope (blue arrow at 17c) on Monday, I took the "hint" and loaded up again.

PRR 26-10-11.gif
 
Thanks for the Nomura report - it's worth hanging in there for some good news from the clinical trials. Be nice to see some announcements before the end of the calendar year.
 
Dang said:
Just broken the 17c resistance level - last trade 17.5c. First time in a month and a bit.
Click to expand...
If MACD is any guide, there's even a chance of a double-bottom coming into play.
I've been accumulating recently.

PRR d 06-01-12.gif
 
With regards to the Nasdaq listing, Investopedia gives the following criteria to list on the NASDAQ:

Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly-traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more then 10% of the company. In addition, the minimum bid price at time of listing must be greater than five dollars, and there must be at least three market makers for the stock. Each listing firm is also required to follow Nasdaq corporate governance rules 4350, 4351 and 4360. Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.

In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.

Listing Standard No. 1
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no one year in the prior three years can have a net loss.

Listing Standard No. 2
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.

Listing Standard No. 3
Companies can be removed from the cash flow requirement of Standard No. 2 if the average market capitalization over the past 12 months is at least $850 million, and revenues over the prior fiscal year are at least $90 million.

A company has three ways to get listed on the Nasdaq, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area like revenue. This helps to improve the quality of companies listed on the exchange.

It doesn't end there. After a company gets listed on the market, it must maintain certain standards to continue trading. Failure to meet the specifications set out by the stock exchange will result in its delisting. Falling below the minimum required share price, or market capitalization, is one of the major factors triggering a delisting. Again, the exact details of delisting depend on the exchange.

Read more: http://www.investopedia.com/ask/answers/121.asp#ixzz1idYnphWM


Can they meet that criteria at the current sp?
 
Resistance still strong at 18c, but the early volume today suggests there could be another attempt underway. I've held through the retracement and am keeping an eye on proceedings.

PRR am 13-02-12.gif
Once 18c gives way, 23c becomes a possibility.
 
pixel said:
Resistance still strong at 18c, but the early volume today suggests there could be another attempt underway. I've held through the retracement and am keeping an eye on proceedings.
Once 18c gives way, 23c becomes a possibility.
Click to expand...
swift action. Now let's see if 18c turns out to be the new holding support.
If it does, I'll top up some more.

PRR n 13-02-12.gif
 
Dang said:
Hiya Pixel,

Where did you get the 23c from?

Cheers,
Dang.
Click to expand...
It's the second Fibonacci extension (200%).
OK, if you wish to be precise, make it 22.5c; but these rallies are usually overshooting.
 
Nice call Pixel, picked up a bunch at .18C as the charting fundamentals and rationale seemed solid to me; So appreciated the heads up.

The Nasdaq listing price will obviously affect the local share price. Press release indicated a 1 to 30 pro rata Nasdaq listing relative to ASX, however no indication of possible list price. Any Ideas?
Charlie
 
CharlieShort said:
Nice call Pixel, picked up a bunch at .18C as the charting fundamentals and rationale seemed solid to me; So appreciated the heads up.

The Nasdaq listing price will obviously affect the local share price. Press release indicated a 1 to 30 pro rata Nasdaq listing relative to ASX, however no indication of possible list price. Any Ideas?
Charlie
Click to expand...

Yes, I do. As BNBY can only NOW officially buy after the Nasdaq listing has been approved, with only 8.3 million to sell, I suspect this will go to high 20's quickly this week. Once approval actually lists, should go back to all time high of 42 cents.

This is a major event and very few ever get to ADR 2 listing.

Monday will be massive volume again.:)
 
CharlieShort said:
Nice call Pixel, picked up a bunch at .18C as the charting fundamentals and rationale seemed solid to me; So appreciated the heads up.

The Nasdaq listing price will obviously affect the local share price. Press release indicated a 1 to 30 pro rata Nasdaq listing relative to ASX, however no indication of possible list price. Any Ideas?
Charlie
Click to expand...
Hi Charlie;
the listing won't happen at a set price as if it were an IPO. Instead, it will start at the equivalent of 30 shares at about 20 Aussie cents; say US$6.50 would be my guess.
As to the timing, I may be wrong, but if they begin trading on Monday, it won't be after our ASX session has closed. And that could indeed leave lots of room for speculation here. ... in either direction ...
 
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