A realistic spinoff with 40-50 mill upfront would be a huge boost right now. That and the overdue RnD rebate buys nearly another 12 months with next rebate paid late next year. The company’s current financial position appears to be completely at odds with operating funding requirements moving forward. As I have tried to point out, something MUST give soon or the show risks falling over. As a potential BP investor, do you jump in now or wait until a company is on its knees like IMU itself did w Precision. The shoe is now on the other foot. I hate being ‘that guy’ but it is an alternative scenario that as investors we ought at least consider..
IMU Price at posting:
4.2¢ Sentiment: None Disclosure: Held
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