IMS 0.00% 69.0¢ impelus limited

Ann: Operations Restructure Update, page-11

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  1. 154 Posts.
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    I averaged down at 7, 6 and 5c. None of which worked. The shares floated at 2c in the IPO. In May they were around 2.5c. After the EOY figures of $4.6m ebitda (which were respectable), the board decided they were only worth half the IPO price and deliberately and, (IMO), maliciously pushed the SP to 1.1c. Then they think a 10% drop in salary will pacify shareholders. If you want respect then drop your salary the same percentage as you deliberately and maliciously dropped the SP. Eff u!


    Let's not guild the lilly. Mr Birthistle may have great intentions and work free (and I wish him well) but the board sold their ass and ours at 1.1c and Mr Birthistle gets a min of 8% interest. If the SP gets to a pathetic 3.5c he trebles his money.


    I say vote a resounding NO NO NO to all points on the AGM agenda.
 
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