The reason this crowd got options at 0.000001 cent each is...

The reason this crowd got options at 0.000001 cent each is simply because they will restructure IMI on the basis of 1:100 shares. That will reduce the option issue to 3.71 odd million to be exercised at 0.0001 of a cent. If they can get the restructured shares up to 1 cent they will have options valued at $37k for which they paid $371.50 for. But these dudes together with Pattersons intend for a new IMI to be worth much more than 1 cent. If they can get them to 10 cents after the 1:100 restructure the options would produce $370k for the outlay of $371.50.

Meanwhile 98% of existing shareholders will be gone from the register (holding unmarketable shareholdings). The departing Directors have questions to answer as they walk away with IMI shareholders money in their pockets. I hope this suspension is the result of an ASX or ACCC query.

Existing Shareholders are defunct and have lost everything invested in this company. The massive bulk of shareholders will not get a cent of their invested money back. They should vote NO to any proposition put at the next GM and deprive these supposed saviours of making an easy buck out of our ultimate demise. Kill off IMI now and let then screw another company on the way to achieving their ambitions.