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2.9¢ imagion biosystems limited

Ann: Imagion Biosystems April 2023 Investor Newsletter, page-15

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rush

161 Posts.

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14/04/23

13:31

Post #: 67277265
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Originally posted by rush: ↑

IBX Is a big disappointment. The tech appears very promising...however

-Directors have so little skin in the game.
- If this Tech is so good why is it that 5 of the 6 directors have less than $10k in shares
- They have about 8 million shares between them, say $150k investment on the line, and yet they are paying themselves about $1.5m in cash fees per year
- The company is spending around $3m in cash per quarter. I would argue very little tangible progress..they make a big deal about R&D refunds..pfhtt
- Timing for CR is nothing more than woeful. Wait for the share price to bottom.

Unfortunately, I predict IBX won't get there and the IP will be taken over by the major shareholders

Expand

Further to what IBX is paying for management services...

IMU Directors cash remuneration for 2022 was $3.3m managing an enterprise with a current MC of $850m... compared to our little SS with a MC of say $20m paying the Directors $1.5m in cash to manage the enterprise. F. Unbelievable!

And included in IMU Directors fees, Leslie Chong is on the tools. That can't be said of Bob.

Last edited by rush: 14/04/23

IBX Price at posting: 1.8¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 2.9¢		Change -0.003(9.38%)		Mkt cap ! $1.033M

Open	High	Low	Value	Volume
2.9¢	2.9¢	2.8¢	$8.332K	294.3K

Buyers (Bids)

No.	Vol.	Price($)
3	85750	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	130296	1

View Market Depth

No.	Vol.	Price($)
3	85750	0.028
2	137000	0.027
2	190274	0.020
1	50000	0.015
1	100000	0.008

Price($)	Vol.	No.
0.029	130296	1
0.030	100000	1
0.032	80322	2
0.033	20000	1
0.036	9093	2

Last trade - 15.44pm 12/09/2024 (20 minute delay)

IBX (ASX) Chart