Yeah first time dealing with a Con Note deal, and I get your point. TBh I haven't see how ugly these get before, but in the Bluesky example below there was a tangible asset available to take.
At the moment IMU don't really have any assets (except Her-Vaxx) - they have a few unapproved drugs with licensing agreements that show promise.
So to your example below Susq. could call in their debt and swallow IMU but to what avail? Aquire a high risk speccy biotech and run it with the aid of IMU BOD?
Susq best option right now is to let IMU get back to a price that allows them to recoup their money and/or make a profit.
what's your take?
Ann: Imugene Receives A$20 million for Convertible Notes Issuance, page-341
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27.5¢ |
Change
-0.005(1.79%) |
Mkt cap ! $79.33M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.5¢ | 26.5¢ | $562.7K | 2.064M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 129413 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 232627 | 7 |
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| IMU (ASX) Chart |