Mat.B,
it is now in the hand of the brokers whose clients are entitled to participate. If Bell Potter would have 100 clients holding IMU and being entitled to participate then they could sell 100 x 450000 shares to free up capital and to provide their clients an even lower SPP price. If other brokers would do similar things - you guys do the maths.
Hopper is really encouraging everyone " Drive the sp down! ". It totally backfired at CHM but he repeated that insanity here well being aware of the damaging consequences.
While about 2.5c is the pure cash backed level the incentive screams actually for a sp av at 0.1c. While this would be an extreme it is not impossible.
And the question remains: WHY exposing IMU to such a risk when the science seems to be the best in the world. Why saying that way my company is crap when the scientists and trial participants can't praise the techs highly enough. Selling the worlds' best techs for dirt. WHY?
Insane or deliberately killing IMU.
GLTA
SPP uptake, page-70
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Last
5.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $371.8M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.0¢ | 4.8¢ | $521.9K | 10.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1612511 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 3882781 | 14 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| IMU (ASX) Chart |