Ann: Investor Webinar on Acquisition of License for Azer-cel, page-254

My personal view is that the share price decline was not expected by IMU. However if you take the view as a long term shareholder that the pay day will be a year or two away then why not sell your shares or some of them, take whatever loss, and invest the money from your shares in buying the listed options at a cheaper price and with a low 11.8 cent strike price and a 31 August 2026 expiry (should be enough time). Increase your number held and if the big re-rating occurs then you win bigger. It certainly made sense to me until the shares got below 7 cents today, perhaps other have the same thoughts and have done the selling part. Starts to look like the shares are cheap depending upon what you think the listed options will trade at.

Of course if you don't believe in the company ability, motives or science the share price drop will add to your dislike of them.

DYOR. Not investment advice.