The problem is that IMU has no leverage. If they have maintained a similar level of cash burn this quarter as they did the last, they've got a cash runway of less than 2 months... If you were negotiating terms with IMU for a deal/licensing, are you putting your best foot forward, or are you waiting until they're borderline insolvent before low-balling?
I can't see any near term scenario that benefits holders. Expect to see a copy/paste raise from CHM - i.e. trial update to suck in retail and then a massively dilutive raise at new lows.
IMU Price at posting:
1.8¢ Sentiment: Sell Disclosure: Not Held
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