What I’m still trying to understand with IMU and the management team, board and their tactics is WHY have they completely changed reporting tact from year to year?
Ive just run my eye over the ASX announcements and very roughly added up the PS announcements:
This is what I’ve come up with:
Year to date: Only 18 PS announcements compared to same time last year of approx 34 and year before that 28.
2023- 54 PS announcements approx
2022- 53 PS announcements approx
And, before any of you give the obvious answer that they don’t determine what’s PS etc and the rules of disclosure to the shareholders etc …..blah blah blah, the PS numbers don’t lie. I wonder what they were in 2021,2020,2019 etc
I suppose what I might be suggesting is that IMU either just tried to pump up positive news year after year even if it wasn’t worthy or ready at the time to help lift its SP and ultimately prove it’s worth to investors each time it wants a cap raise. This has been going on for as long as I can remember with IMU.
However, the absence of news coming from IMU might suggest that they have now reached a management consensus that the shareholders and market are not stupid and a plethora of non to mild at best announcements do not manipulate the market anymore. (Have they ever?)
Or, dare I say it - something BIG is brewing !! And they are choosing not to disclose ongoing trial results.
Very strange and very concerning IMO
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