Ann: Issuance of Milestone Shares Under Vaxinia Acquisition, page-20

First 20 Last

Share
Profile

Follow
PilbaraBoy

2,103 Posts.

2335

09/07/21

13:27

Post #: 54396551
Share

Originally posted by fourdollars: ↑

We all know that if non-billionaires miss a performance deadline, its tough luck. Sick of those with a ridiculous amount of wealth who just won't accept the rules under which the rest of us operate.

We also know that Covid-19 had nothing to do with delaying the FDA submission, but that using it as an excuse was inevitable. They had two years, it shouldn't have come down to the last day.

The technology is owned by IMU regardless of whether it issues the performance shares. The Board has an obligation to represent shareholders, not a single director, so it should be hard-nosed.

It would be counter-productive to de-motivate the research team, so issuing them the 25 million shares makes sense. However, the company is being irresponsible doing this under Listing Rule 7.1. It didn't like the umpires decision, so it has found a loophole to get around this decision. Knowing that it is doing just that, its come up with the "voluntary escrow" rubbish. Poor form.

Issuing the 25 million should be put to shareholders as is the plan for the Hopper shares. If it were done in this way, I'd vote yes to the issuance of 25 million shares to the researchers and no to the issuance of 94 million shares to Hopper. The value of not being diluted by a further 94 million shares is higher to the rest of us than it is to the Hopper clan and Hopper's motivation won't change by not having another 94 million shares. He's got plenty.

Expand

there, there mate ... go get some tissues and wipe away your tears. Everything will all be alright.

IMU Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
6 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”

GBR

Great Boulder lines up two new WA gold targets, extends Side Well mineralisation to 18km

AS1

Asara Resources sells off Burkina Faso assets to pivot into Guinea – for US$13M less than last time it tried

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Bitcoin investors need to know the risks

There are more pages in this discussion • 71 more messages in this thread...

First 20 Last

Add IMU (ASX) to my watchlist

(20min delay)
Last 6.0¢		Change 0.001(1.69%)		Mkt cap ! $433.6M

Open	High	Low	Value	Volume
6.0¢	6.1¢	5.9¢	$393.4K	6.527M

Buyers (Bids)

No.	Vol.	Price($)
4	1505373	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.1¢	556821	13

View Market Depth

No.	Vol.	Price($)
4	1514032	0.060
14	774482	0.059
11	1397623	0.058
10	1975686	0.057
8	1815874	0.056

Price($)	Vol.	No.
0.061	668518	8
0.062	386278	9
0.063	376244	5
0.064	323393	5
0.065	505252	6

Last trade - 10.20am 15/07/2024 (20 minute delay)

IMU (ASX) Chart

Ann: Issuance of Milestone Shares Under Vaxinia Acquisition, page-20

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

Great Boulder lines up two new WA gold targets, extends Side Well mineralisation to 18km

Asara Resources sells off Burkina Faso assets to pivot into Guinea – for US$13M less than last time it tried

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Bitcoin investors need to know the risks

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Issuance of Milestone Shares Under Vaxinia Acquisition, page-20

Top Stories

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

Great Boulder lines up two new WA gold targets, extends Side Well mineralisation to 18km

Asara Resources sells off Burkina Faso assets to pivot into Guinea – for US$13M less than last time it tried

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Bitcoin investors need to know the risks

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News