Yet another 52 week low and at levels not seen since 8 years ago. Basically nothing to show for 8 years of work other than higher salaries, greater spending and continued capital raisings with less shots on goal. They say their registry has too many shares (7.4 billion) and hence the consolidation. So what do they do, they want to issue another 1.2 billion before consolidation under the guise of New Shares to Placement Subscribers when we all now its a form of a capital raise which will further dilute the share price. The consolidation, with no new positive news on efficacy of treatments, will just prolong the long downward trajectory re-commencing at or below 50c per share post consolidation.
IMU Price at posting:
1.5¢ Sentiment: None Disclosure: Held
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