Hey ExtraPace, I couldn't agree more. A 10c placing a year ago would have been perfect. Keep in mind, with a conversion of 34:1 every 1,000,000 shares held will convert to 29,411 shares. leaving a new price at 0.74c Had they done the consolidation at 10c it would have been $3.40 per share converted. I haven't seen too many consolidations over 20:1 It wreaks to me of PH offering either a partner or attracting investors with a more attractive, and larger piece of the pie. Ultimately the small retail investors- especially those holding in the 100s rather than 1,000s will be wiped off the register all together.
I try to be balanced and keep it real. I've always been excited at the prospects of IMU backed up with the successful, but increasingly rare science data. It's clear to me that PH has complete control over everything. Just three weeks ago they went on a supposed transparency, live podcast in answering investors. I know less now as to what's going on behind the scenes, than three weeks ago. Should the consolidation come with the purpose other than a Credit Raise, such as a partnership or Nasdaq listing, then I'm all for it. If its only purpose is to get a select amount of capital from PHs mates, with a truck load of options in defeating the purpose of the consolidation with dilution- Then they are simply moving the deck chairs around on the Titanic !
Keep in mind two huge factors that haven't changed and are probably the most important, constantly neglected by so many posters here. 1- Any company that comes up with a cure for cancer, will see 100-1,000 times in share price increases. 2- Consolidations have no bearing on the health of cancer patients. But might structure IMU to be around in developing drugs further, with better financial construction and scarceness of shares on offer, due to a tighter share registry.
Whilst I have no confidence in LC, and wouldn't believe her if she said she was on fire- I do believe in the science and that her and YF are totally committed to seeing IMU and cancer sufferers prosper.
All cards will soon be turned !
-GO IMU!
-Not financial Advice - Opinions Only - DYOR!
IMU Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
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