They did an IPO @ 20c about 12 months ago. They had $12m in...

They did an IPO @ 20c about 12 months ago. They had $12m in cash. They are burning $2m a quater without any real justifcation where it is going or being spent. Now capital raise 12 months after IPO @ 4cents (80% down). I think holders would call that disgusting

News releases have been very minimal and vague at best. The $4.3m they are raising now will barely last until early 2019 for the trials

I was lucky in hindsight to get in @ 12.5c seed but it has been very disappointing and I will be now exiting as I have seen this style of managment play out time and time again. Another IPO where the bag got passed onto the IPO holders and a managment that has no reality on spending with zero revenue

If the trials work then IBX will be huge, but there is going to be a wait and a lot more money that will need to be rasied before then.