Ann: Clarification Announcement, page-261

These can be heartbreaking companies to invest in and proof that big market caps don’t necessarily mean low risk. I didn’t think the announcement was a deal breaker but I knew from experience in others that the selling would be relentless for a few days so sold when it reopened after the first announcement. I didn’t sell to walk away I sold to buy them back cheaper and own more shares. I doubt I’ll pick the bottom but there will be one at some point. The damage of the last few days would hopefully see management buying on market to give investors confidence and not just deferring to a brokers note as a substitute.

Stops will have been smashed today and yesterday but fundamentally no change materially. But I want to see the company now buying on market to restore faith that all is well at IMU