Imagin Medical Inc. (IMEXF)

[jb1965]

Announcement a big vote of confidence by management & insiders

Recognizing that Alumina financing backstop will be in place shortly, management and insiders are essentially investing their own funds into IME on identical terms as Alumina except for extra dilution from the warrants that is in the Alumina term sheet.

This essentially conveys that that management/insiders KNOW that this is stock is going places. They are investing while the shares are cheap to lock in the cheap conversion price. Doing this will give them a slightly longer runway to defer doing a draw under the Alumina deal while the share price has a chance to start moving up, thereby leading to less dilution to existing shareholders once they do make a draw from Alumina (at a higher share price).

Any time you see management investing in the company they work at, it's good news.

You've gotta like this a lot.

JB