biotech shell acquiring technology company, page-104

maybe Nuke
I agree IMI is not a punt.

They have just raised funds up to their 15% cap for a prospectus print.

If approved by shareholders they will:

1. issue 4.5 billion shares at a value of 0.002 cents to White Data Ltd.

2. After 1:100 restructure raise $12.5 million with a 20cent (0.002c in the old money) per share rights issue.

After that I expect the share price to rise sharply with White Data Trust having gained finance to construct the data centre.

I can see a push towards 60 - 80 cents per share by mid year 2014. That would be a 3 - 4 bagger for people entering at 0.002.

I suppose a buy at 0.002 (assume 20 cents with proposed 1:100 restructure) today for a sale at around 60 - 80 cents mid year is a good play if it comes off.