Imagion Biosystems Ltd (IBXXF)

[Hncher]

This may be of interest here. Still waiting on Imagion to explain it all.

Kemper Shaw is on the BOD at Californian based company Collinear, Wireless Connectivity Innovator:-
https://www.collinear.com/leadership/";

Now the curious thing is that the last time we had a massive selldown like this, it was done by his mate, William Taylor, who offloaded about 20 million shares. These guys both worked together at Collinear...

This link details when they both became significant SHs and now both have offloaded in a big way killing the momentum of the SP rally once again......why????

https://www.biotechdaily.com.au/media/backissues/2019/01%20Jan/BD%20Biotech%20Daily%20Jan%2031.pdf

"IMAGION BIOSYSTEMS

In separate filings, Kemper Shaw and William Taylor Nominees say both have become substantial shareholders in Imagion with 36,798,818 shares (11.4%). Both Mr Shaw and William Taylor Nominees’ James and Marion Taylor gave the same Bondi Junction post box address, said they each acquired 25,000,000 shares in the rights issue that raised $4.3 million at four cents a share and held the same number of shares (BD: Nov 19, 2018).

A spokesman for Imagion told Biotech Daily that the two identical holdings were held by Kemper Shaw and James Taylor, who both worked for the same company. Imagion fell 0.4 cents or 10.8 percent to 3.3 cents."

They both purchased the exact same number of shares, 36,798,818

Anyway, good news in that it was only the one person that caused all of that chaos yesterday; why did he bail, who knows?? What kind of negative inside info would he have when the trials haven't started?? Why did his mate William Taylor bail when he did back in July, each to their own.

Now I did a bit more digging and have found that these guys are locked in a court case with Lockheed Martin, the massive aerospace company. Lockheed Martin is suing Collinear. These court proceedings started in July, the same time Taylor sold down, and I believe it's still in progress; refer to these links:-

https://dockets.justia.com/docket/california/candce/5:2019cv04074/344870
(you'll find William Taylor and Kemper Shaw mentioned in this article)

https://casetext.com/case/lockheed-martin-corp-v-aceworld-holdings-pty-ltd

Maybe Shaw and Taylor need the cash??