Why IMU is a multi multi bagger, page-25370

I think it is fairly safe to say that we will not see anything substantial till later in 24/early 25. So we are about 6 months away.
Why do I say that? We can only go on what they are saying and the info out there, but in the latest preso the highlighting was that Licensing and deals happen at Phase 1b/2. I take this from three slides in the latest preso...

1. Notice the emphasis in this slide (1 below) on both licensing and Ph 1b.
2. Notice most of the deals in the example slide are about licensing. (slide 2 below).
3. Notice that Axercel - Prelim Ph 1b is in late 2024 and final Ph 1b is in 2025.

If I didn't know better, it sounds like we are aiming for a licensing at Ph 1b Azer cell stage around early 2025.
So 6-8 months away.... meanwhile we drift.

DYOR and all that.