If today isn't the most ridiculous sell down of a share in the history of the ASX ... then I know nothing. The terms of the CR were no help of course as it just encouraged retail holders to sell and use the funds to participate in the SPP because of the free attaching option. Even so, for the stock to be sold down to 6.1c when sophs and instos stumped up 8.4 for their shares in the CR simply beggars belief ... especially given the company's cash balance, new acquisition and promising trials for a potential cure for cancer. This madness cannot continue and I predict a major turn around in the coming days commencing tomorrow.
Not financial advice ... my opinion only.
Why IMU is a multi multi bagger, page-15902
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