I don't know what the percentages would be. As far as I am aware, there will have to be an equal number of shares available to convert the warrants, that's assuming they are converted to ordinary shares. Can't remember how many Warrants were first listed on the NASDAQ. You also have to take into account there would be a number of investors in Australia who would have bought the Warrants as well. If there are more IMRN's on the market after converting, I see that as a good thing. It means the stock becomes more liquid on the NASDAQ. IMC just goes along for the ride. I noticed the increase of shares by some of the directors.
This really is at the pointy end of the stick. Many here have waited a very long time for this to play out whilst accumulating during the dips and believe me, there has been a lot of dips.
IMC Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
