Australia's largest stock trading and investment forum Australia's #1 stock forum

IBX

Click for more information

12.5%

7.0¢ imagion biosystems limited

Further to what IBX is paying for management services...IMU...

First 15 Last

Share
Profile

Follow
rush

159 Posts.

202

14/04/23

13:31

Post #: 67277265
Share

Originally posted by rush: ↑

IBX Is a big disappointment. The tech appears very promising...however

-Directors have so little skin in the game.
- If this Tech is so good why is it that 5 of the 6 directors have less than $10k in shares
- They have about 8 million shares between them, say $150k investment on the line, and yet they are paying themselves about $1.5m in cash fees per year
- The company is spending around $3m in cash per quarter. I would argue very little tangible progress..they make a big deal about R&D refunds..pfhtt
- Timing for CR is nothing more than woeful. Wait for the share price to bottom.

Unfortunately, I predict IBX won't get there and the IP will be taken over by the major shareholders

Expand

Further to what IBX is paying for management services...

IMU Directors cash remuneration for 2022 was $3.3m managing an enterprise with a current MC of $850m... compared to our little SS with a MC of say $20m paying the Directors $1.5m in cash to manage the enterprise. F. Unbelievable!

And included in IMU Directors fees, Leslie Chong is on the tools. That can't be said of Bob.

Last edited by rush: 14/04/23

IBX Price at posting: 1.8¢ Sentiment: Sell Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

AUG

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

RNU

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

TX3

Canadian fieldwork yields multiple pegmatites for Trinex

TLX

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

There are more pages in this discussion • 5 more messages in this thread...

First 15 Last

Add IBX (ASX) to my watchlist

(20min delay)
Last 7.0¢		Change -0.010(12.5%)		Mkt cap ! $2.285M

Open	High	Low	Value	Volume
7.6¢	7.6¢	7.0¢	$7.573K	102.5K

Buyers (Bids)

No.	Vol.	Price($)
2	32234	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	325	1

View Market Depth

No.	Vol.	Price($)
2	32234	0.060
1	15000	0.059
1	39181	0.058
1	10000	0.051
1	19999	0.050

Price($)	Vol.	No.
0.070	325	1
0.078	30219	1
0.084	25000	1
0.085	305	1
0.086	16254	1

Last trade - 15.40pm 11/07/2024 (20 minute delay)

IBX (ASX) Chart