Hi Slick,
As evidence for your explicit endorsement of the 'teams' I tender your quote from your post around 6/12/2017 "I couldn’t be more confident of IMU’s management and I have done a fair bit of asking around on that. Still doesn’t guarantee success but if we’re playing in micro- caps IMU is above the odds IMO."
If you are not sure how the fundamentals have changed over 2017... I'm not sure how to help you other than to suggest there is a trial going on about which we know nothing and the company's failure to convince the market to give them money.
One could speculate whether or not it has actually dawned on management that a likely factor the CR was under-subscribed was the fact that no-one (with available funds) knows what's going on... probably not, since it was underwritten so they get cash in the bank anyway.
One other point I'd raise is that there are companies in the bio-tech sector that don't operate in secret (PAA for example) and don't rely on the blind faith of potential investors to keep them in business.
One of my careers was owing and running a wholesale food business and I can assure you retailers would NOT buy unless they knew exactly what was in the particular food item... if I'd adopted the IMU approach I'd have said just trust me, all will be fine... but they weren't stupid and I'd be out of business.
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