Ann: Acquisition and Associated Equity Raising, page-18

This stock has run hard over the months, and ever since the raising price was announced, i expected this to drop to approx. $3.40 potentially.
I'm still unsure as to whether i'll participate, or take a punt on it falling a little further.
There's a lot of fundamental support for this company going forward IF they are being honest with cost synergies/ advantages to growth by acquisition. There's also technical support around 3.40 to 3.50, so ultimately i think participating at 3.40, although much higher than my initial purchase, will prove to be a sound decision.
Not only do i think Westgem and Wivenhoe will be successful and lucrative to IMF, but it will allow the company to move on to their new paradigm shift into partnership with Investment funds and a heightened sense of responsible investment risk into the future.
From here though, i'd hope that profits and cash reserves will fund future acquisitions to stop further dilution to long-term shareholders.