News: IM Medical to raise capital, make strategic acquisition, page-8

There is no edge to be had here. If you bother to read and gain some kind of knowledge you will see in my previous posts that this company and its directors are a disgraceful joke.

You have provided no new insult to this site. Why don't you take time to review my postings over the last two years (they are all on the first page because very few others post here) to understand the frustration shareholders have experienced with this second rate bunch of directors.

This new proposal (the third in 12 months) is the same as the last two. They are all "reverse takeovers". This concept for IMI is not new. Again the effort is to "save" the company for better times for the few major shareholders and third parties. Unfortunately over 90% of existing shareholders will be wiped out by the takeover proposal. The last two proposals suggested a 1:100 share restructure. This new gem is proposing a 1:125 which I'm guessing will wipe out around 98% of existing shareholders. This proposal doesn't hurt existing directors because THEY OWN NO SHARES IN THE COMPANY.

The directors are accountants who have been attempting to get out of this shell into someone elses hands ASAP for the last two or three years.

This move by directors is a sink or swim for the company. However, for most shareholders (I anticipate about 98% of them) they will sink even if the ship doesn't go down.

A very sad state of affairs not helped by uninformed dribble from uninvolved observers.