how funny , page-7

Its really not to difficult hellyeah, if you do some simple maths.

When the offer was made COE was trading at 42 cents x 3.1 shares equals a little over 1.30 (if you want to quible over 2 cents)and immediately the IPM management cried foul and grossly inadequte.

Remeber also at the time IPM was in a steady decline at 97 cents. Just where do you think they would be today without it.

NONE of the junior oilers have been spared and this is as junior as they come with only about a 70 million market cap then and now.

I think a 50 cent price today would be a good probability.
What do you think will happen once the COE offer expires ?

Do you really think that those 100,000's of thousands of buy orders would be there for 95c and upwards.

Remember IPM's daily volume prior was about 30,000 per day on good days.