Ann: Investor Presentation, page-39

Why not have the item on the table ? It's always going to be on the agenda .

The space IMU are in can and does need big dollars ( even though PH said they are funded to 2022 )

Things can and do change quickly in this game ....the process is not static.

The prize is at least a 500mill - 1 Bil market cap if things go to plan .

Potentially much bigger .

As an aside .....personally l reckon IMU will do another private placement of 10 - 20 mill ...within the next few months with a large player but at 3- 4 cents ....and the deal will involve rights or partial rights to a part of the IP but on a licences basis .

Benefits to IMU

A) further secures the finance position
B) sets up a potential future income stream
C) establishes an association with future growth potential
D) puts the spotlight on their R&D portfolio .