Sorry if my post was too dismissive of IMU's potential asf as I too have a position in IMU as do a lot of my friends and family.
My shell comment was that at these levels they are set up for a major holder, like the Forrest Capital group, who are large holders to take greater stake and then look to add another asset to the company to insure it against any other "bad tastes" that may come Linguet's way.
Don't get me wrong, I have total respect for Dr Nick Ede and know he is committed to making this work.......but I am also realistic of the corporate players who effectively control the majority of the stock. It would be NO surprise to learn the 75m went into the hands of clients of Forrest Cap.
Just my thoughts and I hope IMU go to far higher prices as I am a long term holder in both companies.
Good luck with your investment.
CGP Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
