Ann: Trading Halt, page-236

I've only been in IMM for 12 months and appreciate I may have a much lower entry point than long term holders - but there is a lot of negativity here.

Nobody likes a CR, but huge volume traded today already and a VWAP of 2.3 cents. How often do you see a stock trading 10% above a CR price? They picked up $6m in insto money and by the look of trading today, the $4m retail offer will be over-subscribed.

Considering the retail entitlement is 1 for 11.8 (8.5%), there's not an awful lot of dilution, particularly if market prices stay above the 2.1 cent offer price. Even if you had 1,000,000 shares at average entry price of 5 cents, taking the retail offer is only going to average your price down to 4.8 cents.

I have very limited knowledge of the science at play here, but feel that the opportunities for IMM are exciting. Only a spec play for me, but I'm happy with where it's at.