Post by
gardy on Jul 15, 2021 1:22pm
Corporate Criminals
I hate to say it, but i called it. This management team are nothing but cororate criminals. Disgusting!!!
Gardy
Comment by
various on Jul 15, 2021 2:05pm
That was pretty disgusting. The offering price and quantity was nowhere close to "market context". Probably lined the pockets of the board and friends and family though.
Comment by
various on Jul 15, 2021 3:28pm
https://www.imv-inc.com/about-us/board-of-directors that's them lol. Also, just a reminder, these same crooks raised $25M in May of 2020. That's $25M spent in a year with no progress. Now take a wild guess where that money could've gone to.
Comment by
Jthom376 on Jul 15, 2021 4:51pm
Is my interpretation correct... 1.75 per unit purchase... 14 million units available to purchase 1 unit = the right to buy 1.75 shares at a strike price of $2.10. For a few years.... Is this bad? I hated seeing it but isnt this better than aome
Comment by
Jthom376 on Jul 15, 2021 5:04pm
So counting unit cost 'future rights'... would total share price end up being... $3.10?? If I'm right... this could've been worse. They had to have more cash.... they have so much going on. I'm upside down percentage wise worse than probably anyone but this takes money...
Comment by
prosciutto on Jul 15, 2021 5:34pm
I hope someone can correct my math here : 14 million new shares & 14 million new shares in the next 5 years 28 million new / 68. million existing = 40% dilution Is that correct? someone tell me its wrong is IMV truely that deperate for cash
Comment by
Jthom376 on Jul 15, 2021 6:44pm
I had to read yesterday's release and today's. Still confused... I think you're right but wonder where that .75 shares comes in... so might it be more? Snd those are warrants so if it stays below 2.10, they wouldn't exercise those warrants?