You make some good points
A bit of SP pain for a while - though an issue price of 8.4 cents PLUS options in the CR won't settle the SP too much lower. Some shorters will probably be taken out as their positions are triggered the SP dips a bit so maybe shorting positions will fall a bit - I still think it is a major problem though. IMU is now the 9th most shorted stock on the ASX.
There won't be enough angst to provide a "second strike" at the AGM either - most holders can see the big picture unfolding and that the management are operating effectively with growing and positioning the business.
You are right - the gloom and doom brigade will have their time in the sun.
Why IMU is a multi multi bagger, page-15208
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Last
4.9¢ |
Change
-0.001(1.02%) |
Mkt cap ! $364.4M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 5.0¢ | 4.9¢ | $198.3K | 4.051M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 101 | 14203625 | 4.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 1114670 | 21 |
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| Last trade - 11.58am 17/10/2024 (20 minute delay) ? |
| IMU (ASX) Chart |