In the last 12 months IAM has spent $3 mil to earn $600K
As at end of June 2018 they had $1.1 mil cash left
As at last quarter they are reducing their cash position by $300k per month
So as of right now they have $800K left and only enough cash for Aug and Sept 2018
They need cash injection urgently, which will come most likely as a massive dilutive CR at around 1c to 1.2c
The recent pump and dump over 3c was all the converted option holders exiting imo
They should have gone into a TH in March and done a decent CR at around 2.5c to support long term holders, who seem to think their interests matter. Whereas now it will just be another cycle of fluff, small pump to raise and setup another round of retail gouging in the low 1c range imo
IAM Price at posting:
1.6¢ Sentiment: Sell Disclosure: Not Held
