THERE IS a SHORTFALL!!! the offer was FULLY UNDERWRITTEN
of about 150 million shares. So the underwritter will be more than happy to sell at 0.06, 15% return, plus the fee they are getting. very nice work if you can get it (how did investment banks go broke?).
The enterprise value of IMP is currently $51.5 million, so it ain't so riducloulsy cheap that the brokers will want to hold the stock for any longer than they need.
A big volume day (I mean around 100 million shares) and room for a move towards 1 cents, but we'll like need preso's, exploration plans, and proof of revenue before much higher.
GL
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