Ann: Immuron Announces $6M Rights Issue Offer-IMC.AX, page-18

Unfortunately I have to agree with you last words.
Time for increased sales of Travelan, more new markets, get some solid traction going, that's what effective management should be doing, not dragging their feet for at least the last few years I've been holding anyway.
If it's such a great product, there's be no need for a CR as we'd be swimming in cash.
I realise the growth doesn't happen overnight which is why I've been holding for so long - and not compelled to add any more until they show some genuine growth for the company and investors alike.