Why IMU is a multi multi bagger, page-20012

I am sure the company would reject a bid at 30 cents as they have advisors to tell them it is a rubbish offer. Regular punters who hold a few shares though will look at the premium to the current price and will lick their lips at the thought of it. If a bidder takes a more hostile approach then they could potentially convince enough uninformed investors to hand over their shares for a 30 cent price tag. Easy to say now that you would reject 30c, but plenty of people lack the patience and discipline to turn down such a reward. Bidders will often look for companies where the market is failing to properly price them for that exact reason, as it offers opportunities for them to gobble up the company at a ridiculously low price. The last thing they want to do is offer a price that is at fair value, they want a bargain. Journos focus on the premiums though because investors focus on the premium, and the bidders know this.

I personally don't think we have to worry about it though. I don't actually think an offer will come until the company is a bit more progressed, and by that time the market will have to be pricing this properly. Only so long the price can remain detached from the fundamentals