To counter 4$'s pessimism, here is Steini's optimism:
1. IMU buys a stake in CHM - no share sell down after that
2. T/O by IMU, 2 IMU shares for 1 CHM share
3. IMU lending $ 10-20m to CHM
3 directors including chairman of IMU are the same of CHM, that way CHM is already an "IMU subsidiary".
Time will tell.
GLTA
How's the Capital Raise Going to Work?, page-3
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