Step 1: Take millions of shares and turn them into a more "manageable" size. Who needs zeroes anyway? Step 2: Issue 35 million shiny new post-consolidation shares to placement buddies at a discount. Step 3: If we vote for this raise, they get to keep their 15% placement firepower for later. Just in case they feel like diluting us again without asking.
Don’t worry, we’re told this isn't actual dilution because everyone's getting shrunk together. Except, of course, for the new "Placement Subscribers" who waltz in with their fresh cheap shares. They’ll be the only ones not holding a steaming hot bag.
We were once promised a consolidation would come after significant news, data, or a rerate. Instead, it’s come after a full-blown share price implosion, with a bonus cash grab. Excellent. PH is a strategic genius.
Let’s all cross our fingers that this time, the billion-dollar dream will come true....
Retail holders are always funding the runway, never boarding the plane.
IMU Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held
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