Read both filings today alongside each another.
All outstanding warrants expiring 4 Aug @ 24.8c ex have been converted to shares. 847,600 IMMAL @ 25:1 for 33,904 IMM shares. Balance of warrants/options outstanding now zero.
plus
All outstanding convertible notes have also been converted to shares. 859,427 IMMAN to 7,441,304 IMM shares. Balance of convertible notes outstanding now also zero.
IMM shares outstanding following these two events = 1,467,830,879.
The only other security (unquoted) is executive & director Performance Rights of 17,448,146.
So... is this a cleaning house exercise prior to:
(a) a capital raise, or
(b) a buyout, or
(c) a wild coincidence??
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