IMU is run by Capital Doctors, who can only smell money. The milking of the company is over, $2.95M salary to run a company to this stage. I have not seen worse management than IMU in my entire investment career. What is left for consolidation (?). Even if that happens then they will issue options for CR to close associates to further dilute the registry and will take performance bonus shares without investing a single penny. Every cents drop form here is 50% drop to your capital.
Why they did not do CR when price was 10C or 8C . Didn't management know in last January 2024 when SP was above 10C that they will need money beyond June 2025 or in August last year when SP was still above 7C. Every month, your investment is halved and management still thinks this is OK, and only justification is we're also investors.
IMU Price at posting:
1.9¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
). Even if that happens then they will issue options for CR to close associates to further dilute the registry and will take performance bonus shares without investing a single penny. Every cents drop form here is 50% drop to your capital.
(20min delay)