SPP uptake, page-69

The EGM is actually just a sh-permission that management is allowed to participate in the SPP at a higher financial scale. They pay for it at 8.4c.

Voting against won't punish them, just less $$ for IMU.

The ratification for the CR shares to the instos is at this point a formality too. If voted YES then IMU could raise again up to 10% or 15% in the coming months without sh permission. If voted against the shares still get through but IMU would need sh approval for another raise within the next few months if there was one.

This EGM won't impact Hopper's position at all but the voting % could be an indicator of how many % are behind him.

There is an opportunity for us to unload our anger but if accidentally and suddenly the connection gets interrupted.......

GLTA