RE: RE: RE: RE: RE: RE: gun shy buyers now Smithert. Have to pick you and previous poster up on a couple of things.
Firstly it is very important when Attempting to issue a bond with a conversion of 27.5 cent that the share price stay strong, because one of two things will happen is it doesn't. Either the issue will fail or the convertible price will have to be reduce to get the issue away (leading to major dilution).
Secondly you mentioned that they will read the announcement twice before the next release. We I wouldn't bet on that. This is the ssecond clarification of an announcement by them in the last couple of months. So obviously they didn't learn their lesson the first time, so why should they learn it the second. An in both clarifications the clarification was unclear.
Why can't they just be crystal clear. "for the sale of clarity, IMC must decide by x July if DD has been successful. This will be followed by a 60 day period for closings and transfer of funds"
It really ain't that hard, but seems to be impossible for them to talk in a language that investors can understand!!!
one thing is clear thought, they placea presentation on their website this week which said that 20m bond and MOU with Korean bank would be completed in June. I look forward to what I assume will be an NR at the open next week to confirm both have been completed....