Last night I got it off my chest not expecting that board and management would have the nerve to go an EGM.
I was predicting the AGM.
"Directors’ recommendation
15 The Directors unanimously recommend that Shareholders vote in favour of this resolution.
Resolutions 2(a) to 7(b): Approval to issue Placement Shares and New
Options to Directors
16 The Placement Shares and New Options have been allocated to the Directors as follows:
Director Allocation of Placement"
VOTE NO.
"Fact is that IMU board have made many bad decisions around financing and have in turn pissed off many thousands of their own IMU shareholders- and now me.
I have been a loyal shareholder for over 6 years and I've done ok but I very much feel sorry for the newish holders who bought on the way up to 60c and then witnessed the reversal. I feel sick in the stomach and all I can say to all of you out there is just stick it out and play the long game here. I know that will be hard for some to do financially and I'm sorry for that.I suppose that I still very much believe this will have a successful outcome - don't know when but it will IMO - Just terribly disappointed in the decisions made by LC and ultimately the IMU Board. Perhaps a change of guard is needed?
To all shareholders please take note of the voting decisions you will be asked to consider in a few months (definitely not happy if there are ANY increases in STIP, LTIP, general wages (regardless of CPI) etc and let's just hope that IMU open up and give more detail on trial and results of the many phase trials within human reason and protection of the surviving patients."
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