IMU

2.08%

4.9¢ imugene limited

Ann: Results of Meeting, page-77

First 77 Last

Share
Profile

Follow
stocksa

7,953 Posts.

630

20/11/21

10:26

Post #: 57719897
Share

Originally posted by Oddoneout ↑

Morning All

Good discussion, albeit we are all speculating.

My concern is not so much Hoos' departure, but the nature of it, brutally executed in public. We need to think through how and why this might have happened.

Firstly, Hoos was a Board-endorsed candidate. Had Hopper as Chair not wanted him re-elected, he would hardly have engineered his demise in such a public and humiliating fashion: He would have taken him into a quiet office and informed him his services were no longer required. Hoos would have saved face ... 'My new role at Scorpion will require my full attention blah blah blah' ... and the Board would have recommended a replacement (or not). Instead, both Hoos and the Board now find themselves embarrassed.

The Board's embarrassment is two-fold. Firstly, their candidate got shot in public. Secondly, and more worryingly, the Board was obviously blindsided by shareholders with sufficient clout to muster a billion votes but insufficient reason to tell Hopper the gun was loaded. That says to me there may - may - be forces marshalled against the Board.

Think about it. If you were able to deliver a knockout blow of nearly 20 per cent of the SOI, and your motives were pure - we think he has an unresolvable conflict of interest - then would you not seek an audience with Hopper to outline your concerns and point out the very large baseball bat in your back pocket? Instead, you let Hopper stand Hoos up against the wall and then shoot him in public.

In a sense we should not be surprised. Daily now we see the share price being pushed and pulled by the army of bots crawling all over it. Actors are on the stage. Imugene is now a $3 billion venture on the cusp of the ASX 200. It also has drug candidates - and one in particular in CF33 - with the potential to create a $300 billion company. The game has changed ... big time ... and I believe we have just seen a brutal example of the lengths big players will go to in order to get a bigger slice of the pie.

We can all pretend this vote against Hoos is benign and the caravan moves on. I'm not so sure. I see a good man gone in humiliating circumstances and a Board and Chairman seemingly blindsided by forces that did not take them into confidence. It's worrying.

OOO

Expand

Who replaces him will be interesting…..If you shoot one guy then you must have someone up your sleeve to replace him or is this just getting rid of him with no idea of a replacement
Interesting

IMU Price at posting: 56.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

IMA

Issues emerging as Australian companies tackle critical minerals challenge

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

There are more pages in this discussion • 130 more messages in this thread...

First 77 Last

Add IMU (ASX) to my watchlist

(20min delay)
Last 4.9¢		Change 0.001(2.08%)		Mkt cap ! $364.4M

Open	High	Low	Value	Volume
4.8¢	4.9¢	4.8¢	$179.8K	3.692M

Buyers (Bids)

No.	Vol.	Price($)
62	8124186	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.9¢	3070575	9

View Market Depth

No.	Vol.	Price($)
56	7804777	0.048
47	5437350	0.047
38	3197542	0.046
58	3766545	0.045
11	1019564	0.044

Price($)	Vol.	No.
0.049	2050167	7
0.050	5223480	23
0.051	4434080	10
0.052	2536519	9
0.053	1966973	9

Last trade - 16.10pm 11/10/2024 (20 minute delay)

IMU (ASX) Chart

Ann: Results of Meeting, page-77

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Issues emerging as Australian companies tackle critical minerals challenge

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Defence MOU for propulsion systems pushes Aurora Lab shares higher

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Cauldron Energy reports "excellent" uranium assays in latest drill run

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Results of Meeting, page-77

Top Stories

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Issues emerging as Australian companies tackle critical minerals challenge

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Defence MOU for propulsion systems pushes Aurora Lab shares higher

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Cauldron Energy reports "excellent" uranium assays in latest drill run

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News