Today IMUC repackaged the results of the Phase I study and announced it as if its a new development. A lot of people were fooled to think that Phase II results were out and positive. This is exactly the impression IMUC wanted to create and it was successful. Tomorrow, when people find out that IMUC was talking about the first phase of the study, they will start selling off again. This stock is the biggest scam since Enron.
Sentiment: Strong Sell
I had held back because it was a non-randomized single arm study, run at Cedars Sinai by a man who helped develop the drug, and has a financial interest in the drug and in IMUC. Did they cherry pick patients with the best prognoses? Roth said they visited Cedars Sinai, and came away believing that did not happen. Can Roth be trusted? Do they have financial ties to IMUC?