InMed Pharmaceuticals Inc (INM)

[Stevemin]

Remember when I said at the time of the announcement of the reverse split and Nasdaq application that this was all just a head fake by Adams? The nasdaq uplist was just a way for him to divert his shareholders attention away from the RS. Well, guess what? That's exactly what it was.
Be certain of one thing - if the news they are sitting on was good (like they have successfully upscaled bio and can do it in a very low cost manner) then there would've been no need to raise money at such depressed levels. The positive news release would've raised the price organically then you could do the raise at the higher price.

Adams is a terrible CEO but he's a savvy guy. He knows how to package up a crap sandwich and make it look like filet mignon.

I have rarely seen a CEO care so little about his shareholders and be so blatant about it.
He literally is diluting this company into the ground. The sp, as of this morning, is equivalent to $.098/share pre split. And its only going to get worse.

No relevant news is ever released and calls and emails to investor relations have gone unanswered for months/years.

The question now is "What's his endgame?" What does he do now? In a couple of months will he announce that he's leaving the company citing that "I've led this company sucessfully all the way to the Nasdaq and my job is done!" Getting out before it really hits rock bottom?