it is incorrect to say IMU has 2.3 quarters of funding left....

it is incorrect to say IMU has 2.3 quarters of funding left. That was as at 30 Sept. As at now, IMU only has 1.3 quarters of funding left. We don’t want to mislead any readers into thinking IMU has more funding than it has.

The best thing for IMU is that they close an urgent cap raise by end of next week, otherwise the funding window closes till Feb. This is the lesser of two evils. The worst thing is if IMU leaves their cap rise too late. Refer PH’s CHM as exhibit A and PH’s RAD as Exhibit B. PH is quickly running out of institutions to tap for cash in 2024.