Ann: Issuance of Milestone Shares Under Vaxinia Acquisition, page-20

First 20 Last

Share
Profile

Follow
PilbaraBoy

2,104 Posts.

2337

09/07/21

13:27

Post #: 54396551
Share

Originally posted by fourdollars: ↑

We all know that if non-billionaires miss a performance deadline, its tough luck. Sick of those with a ridiculous amount of wealth who just won't accept the rules under which the rest of us operate.

We also know that Covid-19 had nothing to do with delaying the FDA submission, but that using it as an excuse was inevitable. They had two years, it shouldn't have come down to the last day.

The technology is owned by IMU regardless of whether it issues the performance shares. The Board has an obligation to represent shareholders, not a single director, so it should be hard-nosed.

It would be counter-productive to de-motivate the research team, so issuing them the 25 million shares makes sense. However, the company is being irresponsible doing this under Listing Rule 7.1. It didn't like the umpires decision, so it has found a loophole to get around this decision. Knowing that it is doing just that, its come up with the "voluntary escrow" rubbish. Poor form.

Issuing the 25 million should be put to shareholders as is the plan for the Hopper shares. If it were done in this way, I'd vote yes to the issuance of 25 million shares to the researchers and no to the issuance of 94 million shares to Hopper. The value of not being diluted by a further 94 million shares is higher to the rest of us than it is to the Hopper clan and Hopper's motivation won't change by not having another 94 million shares. He's got plenty.

Expand

there, there mate ... go get some tissues and wipe away your tears. Everything will all be alright.

IMU Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Shekel Brainweigh and Calmer Co lead innovations in the retail space

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

There are more pages in this discussion • 71 more messages in this thread...

First 20 Last

Add IMU (ASX) to my watchlist

(20min delay)
Last 5.7¢		Change -0.002(3.39%)		Mkt cap ! $418.9M

Open	High	Low	Value	Volume
6.0¢	6.2¢	5.6¢	$1.863M	31.44M

Buyers (Bids)

No.	Vol.	Price($)
3	214965	5.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	60000	1

View Market Depth

No.	Vol.	Price($)
3	214965	0.057
14	1550875	0.056
26	4138021	0.055
9	1730287	0.054
4	131036	0.053

Price($)	Vol.	No.
0.058	60000	1
0.059	708216	4
0.060	1196314	8
0.061	471000	3
0.062	236412	6

Last trade - 16.10pm 15/07/2024 (20 minute delay)

IMU (ASX) Chart

Ann: Issuance of Milestone Shares Under Vaxinia Acquisition, page-20

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Issuance of Milestone Shares Under Vaxinia Acquisition, page-20

Top Stories

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News