IMC 0.00% 8.8¢ immuron limited

IMC back to 60c plus, page-142

  1. 3,612 Posts.
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    Just to add to this, with the money raised $28m AUD equivalent, at todays price of 36 cents they could buy back 77.7m shares if they used that money to do so, of course its impossible to buy that amount back, and would not be wise to use all the funds in said way, but i dont think any holders would have a problem with them using 10-25 % of those funds to buy back their own shares on market if they chose to, this would significantly dry up liquidity and if they chose to sell them after a couple of good announcements would also massively impact their cash on hand positively. Anything is possible, unlikely scenario but nice to think about. EV on this is currently far less than $50m which i think is an outstanding opportunity - Going through all the sub holder notices this year there is a very clear movement of shares from AUS to US markets.
 
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