No mention of Dundas, just oh we hope to get a partner on board by end of the year, well by the end of the year JAY will need yet another discounted placing so they better think about reducing their £1m salaries!! Because £600k raised at 1p won’t last long when it’s all been spent! 0.5p will be the next placing price by the jokers, Rob took over and the price was 5p… it’s now 1p…. All talk and no meaningful action or news
I just think Lanstead now own a very large part of IMM, over 20% which all needs to be sold over the next period so unless retail suddenly develop an appetite for IMM shares the price is only going lower as Lanstead sell which they have to do for the company to receive payments, it’s death spiral funding on a small scale really but Tim had to do something or the company was bust, as ever it’s worth keeping an eye on but I won’t be investing anytime soon and when I do I feel it will be closer to 1p than 2p imo time will tell
Once Lanstead start selling this is only going one way with no buying volume to pick up the slack, good news is effectively capped around 2p given the warrants meaning the company is potentially static at 2p and below for the next few years until phase 3 trial news gets close probably in around 3 years time, such a shame but better than issuing bucket shop brokers for placings I feel, lesser of the two evils but for now it’s uninvestable
Slow drift back to 1.6p lows now imo, no one willing to fund this apart from Lanstead who can’t lose and now hold a ridiculous amount of 2p warrants, would imagine this latest £1.3m will last around 6 months given conversion will likely be lower than 2p, so out with the begging bowl again around Feb with the promise of corporate deals haha he’s been saying this for about 5 years! Nice work if you can get it, retail shareholders fund the Lanstead deals by buying the shares they sell into the market so I find it funny the rns states they also value there retail investors… well without retail investors IMM would be bankrupt and the gravy chain would stop! No one in their right mind would buy at 2p I’m expecting a huge undersubscribed placing
The word on telegram is that there are so many desperate rampers trapped in this dog that they will say anything to try get the price up, price action says it all, no volume, seller still around and still short of cash due to ridiculously high cash burn that the directors refuse to reduce their salaries says it all imo
Ah yes the multiple partners lol do you trust the board to be true to their word?? M&G didn’t and I don’t either, Dundas has been downplayed by RE, hardly any mention of Disko anymore, Rio pulled out of JV, if Kobold pull out of Disko it’s finished imo as they will have no cash and a share price of sub 0.5p, could easily go to the wall from here imo