Thanks for that UM, great to get an update on that as I was starting to get pretty confused why we hadn't seen anything! Been expecting an announcement to drop every day atm!
I have to admit, it doesn't look good that they are not meeting deadlines considering the current cash burn/cash position. If you think of that 3-6 month push back as 10s of millions of dollars, it's quite concerning. All money that now can't be spent on phase 2!
Obviously I'm new to all of this stuff but It does seem a bit weird to me that management doesn't get held more accountable for missing deadlines like this. If I was late on a project deadline by 3-6 months and cost the business millions of dollars, there would have to be a seriously good reason for it or I would no doubt be sacked! I sure as hell wouldn't be getting a performance bonus that's for sure!
Did IMU management comment on why the goal posts have shifted? Seems reasonable to me that they should have to explain why! LC is getting over 2mil a year salary, I think it's a reasonable expectation that deadlines are met, don't you think?
Either way, I'll be sticking around until the oncarlytics results as that's why I invested, so cheers to 2025! "2025 will blow 2024 away" as LC loves to say at the end of each year while the SP continues to drop year after year! haha
IMU Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
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