Yes Bluebottle. IMP's insider sophisticated investors cashed in...

Yes Bluebottle. IMP's insider sophisticated investors cashed in nicely the other day.

I noticed how the share price went with a sudden whiz and then a fizzle. Not much volume supporting the price at the moment.

Seems like they will need to be successful in raising lotsa $15,000 allotment of shares in order to have the extra cash to add to their current $8mil bank account ...in order to have the percentage needed by Macquarie to secure the venture capital to buy the proposed gas company.

Should be lots of nervousness with this one ...likely to drop the share price, especially over the Xmas New Year holiday apathy doldrums.

I'm with you Bluebottle. Seems more liklihood of downside than upside with this deal.

And what's likely to happen to an extra 30% of shares in an already inflated total number of shares, when short term investors suddenly try to make some quick profits in the new year? Reckon they'll panic to offload their holdings to cut their losses.

Too much scrip chasing too few long term buyers, in my humble opinion ...and that will likely push the sp down again.

Long term we might get our investment back ...IF some other big fish runs the ruler over the company and buys us all out.