This is my thinking..currently. Those that have been around and have seen how things work this is not a suck eggs post.
I want you to realise where IMU are now. IMU are needing money, duh!
The big end of town of course know this.. BP companies that have been looking at IMU aren't going to come in and feed them money.. They will let them starve..
The big end of town want IMU to come to them on their terms. The catch is, they can only sit back for so long. They know the competition is doing the same. IF the data proves to be compelling time becomes an issue because someone will pick them up.
Now, we have a company that has put up 46 million, privy to the current data.
They obviously aren't a charity organisation, they want a nice return on investment. Yes they can short the stock, but at some stage there will be a short squeeze, so be prepared for that.. Of course assuming the data is good, again, I believe that's why they kicked the tin.
Should be some interesting times ahead. prepare your mind and how you will play this game. Good luck punters, enjoy the ride.
Again, no advice, speculation on my part, dyor..my opinion only.
IMU Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
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