IMM 1.79% 27.5¢ immutep limited

directors selling out?

  1. 111 Posts.
    After market announcements on PRR show that Peregrine ,and the directors Frost and Revelins have reduced there holdings in PRR by about 900,000.

    The stock has a few good announcements and pops up to 30c only to see the directors offload.

    The balance sheet shows that we have no revenue a burn rate of substance and cash reducing.

    On this basis it seems clear the company will need to raise cash in the medium term,from my viewpoint as a PRR shareholder I would be very disapointed to see the price drop and another Peregrine underwritten placement take place .

    On the other hand why would you pay up at the current price in a placement if these guys still hold 20% of the company and tonight have flagged they are happy to sell at least this 900,000 anyway at these levels.

    In the past director sell notices from these guys have been a good indication the music may be on hold for a while if the Transglobals,Yamarnas .and Big Kevs are any indication.

    I hold PRR on the basis I liked the news coming out of the company a few months back on the Malaria trials ,but after this news tonight Im not sure for how long.
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Last trade - 15.55pm 14/11/2019 (20 minute delay) ?
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