your last sentence sums up the situation. There are too many players in the competition and so far IMC management has shown lacklustre performance in decision making and marketing their product.
Best time was in March when results were out and they denied "significant" investment in the "best interest of the shareholders". Then a day later Ann. of around 5M investment at 39c. Since then there is no news as to how shareholders interest is being taken care of! I have said earlier and saying again that it was a blunder. They are almost nobody in this race and need backing of renown partner to get any traction in the market.
Shareholders don't get any return on their investment here; no dividend, no share price increase. This is such a disasterous investment so far for everyone who missed the chance to bail out at high 60s 6 months back. No wonder the sentiment has turned from Euphoria to utter frustration.
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