Great, a heartfelt letterfrom IMU management assuring us that the 34 to 1 consolidation, the one theysaid would follow major news and a rerate has “no impact on the value of your existing shareholding”
The stock is down 30 percentsince the announcement and we are about to be diluted again. That statement isnot just misleading, it is an insult to every shareholder who has stuck aroundthrough this slow motion car crash.
They are also asking for yourblessing to issue another 1.2 billion shares (pre consolidation) “just in case”something “attractive” comes along and now they want preapproval to dilute youagain later with no questions asked
But wait, there is hope.Apparently, multiple key catalysts are coming for Azer Cel. No dates, nospecifics, just vibes.
It is a move that destroystrust and shareholder value in real time while asking for more
Ill be voting no toResolution 2. At least make them work for the next dilution
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $97.07M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $330.0K | 24.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 65 | 11878041 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 4119067 | 12 |
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| Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
| IMU (ASX) Chart |