Having invested in a number of small cap mining companies, I know the standard procedure.
Consolidation. Share placement/cap raise Name change
Rinse… repeat… until there is nothing left.
All investors know this is a horrible sign. The consolidation of shares to artificially inflate the share price is a classic move for a company in terminal decline.
They know most retail investors will look at the share price increase and not look under the hood.
This is a horrible, horrible sign.
I have remained silent for a long time, but this is the catalyst.
There is zero capital management with this company.
It’s very sad.
IMU Price at posting:
2.2¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)