News: IM Medical to raise capital, make strategic acquisition, page-26

TCF

I agree with your sentiments above and think that 60% sounds like a good start point. I'm not quite yet a holder of IMI. Sold out at break even recently to make money elsewhere. Watching and waiting though as time draws closer.
If it's a 3rd time lucky this should run IMO.

I'm surprised LBY is so quiet atm..
Massive Risk Reward RTO IMO
The more I read the more I see an opportunity for a hot out of the gate start up in it's 3rd year and 2nd in BRW's latest Fast 50 Techs hitting the ASX running.. with former IINET director on the board. Further talent from founder of L7 on the board they boast terrific marketing power as already demonstrated with their existing (and rapidly growing) client list.

$5.8Mil audited revenue 2014 financial year and FIRST HALF 2015 year audited revenue of $6mil. With a revenue growth rate of over 100% year to date. Blue Chip customer base. The more I read the more I'm convinced. Let's hope the merger is smooth. But boys and girls this looks like a runner
Going from a cash burner to a cash churner IMO.

TCF what's your take on LBY / Cirrus Networks?

Sounds like you are somewhat around my level of risk tolerance.

Fun times. What a buzz!