For all Investors that own IMUN or ITL. I want to thank all of you for your positive comments. Seth Shaw has been doing business with many Institutional investors for years. Seth will use his many years of experience to move IMUN in a different direction. IMUN is a public company it is not wise to put all your eggs in one basket.
That is why Seth is moving in a different direction to accomplish 2 goals:
1) Create shareholder value in the Short & Long term by merging IMUN with another company.
IMUN shareholders need another company to rely on if something should go wrong with ITL's trials in Bangkok. This is a smart move on Seth's part to protect shareholder value.
2) To make as much money as possible with our 9% ownership in ITL for the $3.7 Million Dollars we invested.
Many questions have been raised on this message board as to why we do not own 25% of ITL. The balance of 16% ended when the Wrongful Termination Notice was filed by ITL. (Remember if we did own 25% of ITL we would have had to raise another $6.3 Million dollars). It is now ITL's job to raise additional money and I think they will have no trouble doing so. ITL now works for IMUN rather than IMUN working for ITL.
I think investors that own both IMUN & ITL will be carrying less risk of capital the way we are going to be set up now. It will not be long before everyone on this board will be giving Seth Shaw the support he well deserves.
It will be Dr. Harnoy's responsibility to now inform IMUN as a shareholder with any progress he is having with ITL. This is exactly what Seth Shaw has been doing for us all along.
As part of the settlement with ITL, IMUN will soon have to change the name of the company.
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