I actually believe that consolidation needs to be done at some time. 8bil shares is ridiculous and will come back to haunt IMU in the future - and probably is already an impediment to most investors looking at IMU.
Great fundamentals but most investors are looking for a quick buck - and may not even take a look at those fundamentals - scared off by the SOI.
I do personally believe that a 10:1 consolidation is appropriate - I have not previously looked at anything bigger I have to admit. Even 15:1 is not over the top. If any future NASDAQ listing is a possibility, then having a 600-800 mil SOI would make that easier - maybe even look like a more exclusive company.
I do realise that consolidations are not popular. It can indicate a company in some difficulties. However, with IMU, it may have the opposite effect as it would help to attract new investment based on IMU's strength in research.
A consolidation also makes it easier for IMU to tap extra funds in the future.
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Open | High | Low | Value | Volume |
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8 | 1860543 | 0.057 |
3 | 1067860 | 0.056 |
20 | 2643992 | 0.055 |
6 | 1127777 | 0.054 |
Price($) | Vol. | No. |
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0.061 | 520305 | 5 |
0.062 | 290000 | 4 |
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