Hi Scooty, Respect your views as balanced and sincere, I'm not going to crystal ball anything here but is it possible that IMU has been approached in the last two weeks? Also I'm not going to justify why this cap raise took place but as has been said before money is money and in the current environment any R&D company that has a cash moat is certainly in an enviable position. I can only hope and pray that PH has ensured these 2 companies are here for the long haul otherwise he'll certainly be fielding some prickly questions at the AGM; also I hope that the money isn't for the purchase of CHM, now that would be incestuous.
IMU Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
(20min delay)