Oh my God it was a scam all right. And beautifully orchestrated.
What was the SP leading up to the $3 raise? And what was it soon after?
Holders were told by management that they were going to be rewarded with a big discount and that management worded things all heroically stating that it wasn’t going to allow insto participation. ( more like they couldn’t get it). I’m sure that fizzed up all the folks there. I told the forum then it was a scam (you could imagine that was popular) and was proved right with the subsequent PA. And now you’re left with a massive amount of trapped retail capital of which management couldn’t give a stuff.
You played it well John but in no way can you defend that raise as a good move. The result was horrific.
But don’t think that I’m defending the way IMU has carried out their raises as well and have labeled many of their operations as scammy. And look where they are now?
Cheers.
IMU Price at posting:
5.1¢ Sentiment: None Disclosure: Held
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