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Julian everytime it moves a penny I'm up or down a good few hundred. Only problem is it's going down lately :(
Just needs the right news and anything could happen...in it to win it. Could also go 50% below cash so maybe 0.50p but why would a share trade 50% below cash and anout 60% below recent placings at 1.10p? That's why I think this is either the bottom or close to it?
By the way tempted to day trade flybe lol but then I remind myself it could be suspended at any time. I can't understand why people are still paying over 100% over the 1p offer. Either some stupid investors or people smarter than me who have aeen some other angle where another bidder can enter (despite assets already stripped?) or deal can be stopped?
Africanskies - I seem to remember a RNS in February 2018 showijg Vin Murria (or company she owns) going over the threshold (3%) for 4 million shares? I don't think we've seen a further TR1 to indicate she's reduced? Or maybe I missed it? Do we assume Mrs Murria still has 4 million shares? Will have been dilluted quite a bit since then though.
crikey, well lets hope it recovers, don't "do a julian" and panic sell.
Julian nearly double that
There is a comprehensive circular which has been sent to shareholders and is on the Company’s website.
You will see in sections 3 and 4 there is a description of the rationale.
There are c. 102 million shares in issue so you can work out the cash asset backing per share if the Company receives only the initial consideration or the initial plus performance.
I can not advise you but draw your attention to the circular and the directors' recommendation.
Quote.
Scully you must be 10k down?
If we include the 8mill or so new shares that are hitting the market tomorrow to total circa 101mill shares in issue, at 0.95p per share current mcap is around £960k. Which is below cash of £1mill unless my maths is wrong?
Not a good day for IMTK. Hope there's life in this okd dog yet. Hoping for a better day tomorrow and perhaps a clarification RNS. Come on Angus get your finger out and listen to your shareholders!
Remember 8C put a director in place on the board but I suppose this can change and be reversem these are precarious times for this share and Angus' reputation
The only reason I haven't pulled my money out of this and continued to accumulate is the fact that the latest RNS shows Eight Capital has increased their holding and have a substantial holding. If we later see a TR1 showig Eight Capital has decreased them we're screwed IMHO. I don't know if I'm wise to average down or just throwing good money after bad. But for me the next fortnighr is critical for this share, Angus et al needs to give us a reason to vote in favour of this deal and thus fair I have no reason not to vote a big fat NO.
should show the new direction, group of emerging tech ?
8C backing AF, what deals lined up ?
I just took another £500 tranche
Done deal since assets stripped nobchance of counter offer unless like you said injunction. I wondered if ex Stobart £1m worth of shares was to block
Oh yes, I forgot about Bannan. I wish my investment history looked like Robbie Burns, Christ-Alive! He does well. How are Team-Flybe on the other board - I haven't looked. Any last-minute injunctions stopping process?, or is it a done deal?
yes sold out on that rns ....did not like selling the asset .but will wait and see what is the next step
IQ28 and Mannan bailed out
Yes read his book. I'm a big fan
Scull, that is encouraging! Have you read his book? Where is foul-mouthed IQ28 recently? I thought he'd have been back to apologise, but he appears to have fell off the face of the earth?
Julian - Robbie Burns bought 5000 shares in ITV tecently. He's been in and out
they need to inform us about what is going to happen here after the sale
I agree that shareholders here need to push AF for some clarity going forward.
Until AF lays out a plan going forward that represents something better than we have already, all he's really done is sell off everything that made this company attractive and ensured there's enough money in the pot to draw himself steady wage until he finds something better to do between now and oblivion.
The problem is, lifestyle shells are such a common occurrence on AIM. Directors draw a steady wage for a few months often after a belly flop while they are figuring out there career options elsewhere in the market down at the golf course. How many times have we all heard "looking for exciting opportunities", "In talks with several companies" yada yada.
If Angus wants shareholders to vote in favour of his suggestion he needs to spell out his vision going forward and prove to shareholders he actually has a vision beyond his own career unlike most CEO's.
If he can't provide shareholders with any reasonable prospectus for ABAL (The most generic sounding and idly made up company name I've ever heard I hasten to had), then IMO shareholders would be better off without him, if indeed he is suggesting he will leave should shareholders vote against the deal that's been tabled.
In short, until AF provides more information he's simply offering people the contemptible choice of voting against the retention of a company with an increasingly useful product, with a growing list of contracts and clients, but one which may need a little more funding in the future, in favour of a state of abject uncertainty, the potential for de-listing in the short term and an almost certain requirement for more funds in the future. At this moment in time it's hardly a difficult choice to make.
Bradley the shell company has £1million not $1million.
Big loss so yes I think I hold for 6 months.
Wow Scully you've changed your view in this quickly, how much loss will you take if you sell? If it's too big then just hold and wait.
Personally I didn’t. Despite having read this https://uk.practicallaw.thomsonreuters.com/w-006-9109?transitionType=Default&contextData=(sc.Default)&firstPage=true&comp=pluk&bhcp=1
Gripping thriller of a read :) Apparently I need a second pass.
A thoughtful post earlier from @alwayswinning says it all really and I think @africanskies has the next step right. Reasonable questions via email to AF. If this proposal is in good faith then let’s here the plan because it’s a totally different proposition to which originally brought us here.
Folks can then take a view and maybe backing/punting on AF with $1m and a decent strategy will apeal. It will suck less than going in blind.