IMI appears to have misslead its shareholders in the March qutr report with advice that involvement in a resources project would be provided in the "near future".
The seller yesterday had a pretty good idea today's report would provide no information on the status of any new direction and the seller today endorses that. Expect this stock to be trading at .001 very soon.
It's about time the Board came clean with shareholders on the new direction of the company which is fast running out of cash. If it's all too hard in the current investment climate the Board should tell shareholders the truth.
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