I actually believe that consolidation needs to be done at some time. 8bil shares is ridiculous and will come back to haunt IMU in the future - and probably is already an impediment to most investors looking at IMU.
Great fundamentals but most investors are looking for a quick buck - and may not even take a look at those fundamentals - scared off by the SOI.
I do personally believe that a 10:1 consolidation is appropriate - I have not previously looked at anything bigger I have to admit. Even 15:1 is not over the top. If any future NASDAQ listing is a possibility, then having a 600-800 mil SOI would make that easier - maybe even look like a more exclusive company.
I do realise that consolidations are not popular. It can indicate a company in some difficulties. However, with IMU, it may have the opposite effect as it would help to attract new investment based on IMU's strength in research.
A consolidation also makes it easier for IMU to tap extra funds in the future.
Why IMU is a multi multi bagger, page-23707
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5.1¢ |
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Mkt cap ! $379.2M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.2¢ | 5.0¢ | $1.098M | 21.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 97 | 7481668 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.1¢ | 1703097 | 4 |
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