Jimmy_C Perhaps all I say is that a 60% decline in share price...

Jimmy_C

Perhaps all I say is that a 60% decline in share price is a huge punch in the guts, to both management, and shareholders. Especially when issuing (cheap) scrip was potentially a needed "out" to the liquidity sump that IMF-Bentham has always been, at a rather crucial & constricted time.

I recognise the liquidity sump, is a needed operational sump, considering IMF-Bentham sustained growth.

At about that time we saw some management shuffling, and a now new operational ecclesia has emerged more ready to pursue aggressive USA expansion, and adopt somewhat more fanciful financing vehicles, to a once more staid & starched operation.

The IMFHA:ASX was and is a brutal loan.

BUR:L continues to raise debt and issue notes at 2/3 rds the cost of what IMF-Bentham was capable of doing through FIIG (Australia)

IMF-Bentham has tasked many, many corporate boards before the courts - for falls of less then 60% declines in their share price, because of some infraction of corporate disclosure, in one way or another.

I imagine the IMF-Bentham board, at that time, were damned pleased there are not too many mirrors in their own board room, for they never announced any prescient foresight to their own difficulty and likely woe.