Member Info for ART123

One minute ShareTips6 twitter is ramping some stock or other with wild though usually quite plausible tweets and then once the SP has taken off the twitter account is suddenly unavailable or doesn't exist and when it reappears the ramping tweets have all been deleted. I've copied this lot tonight. It's just a pity that he/she seems to be the only one who attended. ATB

I'm suspicious because they don't give out tea and biscuits at Council Planning Meetings - at least not to the viewing public. Maybe at the WI...........

Figures given earlier are not quite correct as I think that WRL only have a 32% interest in this. 70mmsfc/d @$3.07 per 1000cf is about £300K per week, 80mmsfc/d about £350K - £15M rising to £18.5M p/a.

Finncap I see give a P/E Ratio for IMTK as - (that's minus) 152.60 at the current shareprice. Not great for a company that's been on AIM for nearly 10 years. Not that I'd expect the rampant posters on here to know what a PE Ratio is as you'd be more likely to base you're investment decisions on what RT had for breakfast.

I wouldn't get too excited about the Finncap broker target as it was made on 13th April before RT's involvement so you can be pretty sure that it should read 3.10p (pence not pounds!).

"A few research areas or homework for the serious investor". Good idea. I'll repeat what I posted earlier: "Looking at the fundamentals of IMTK they were founded in 2000 - 15 years ago - and floated in 2006 with 85 million shares at an SP of around 7.5p. Reading through the RNS releases since then every year has been the same - new contract wins (they are nothing new this year!!!), painful results with turnover between £3M and £4.5M, and every year a loss of between £1M and £2M, which has been covered year in and year out by a placing. In fact without living off placing cash for the last 9 years since they floated on AIM Imaginatik would have long since gone bust and disappeared. By 2014 the shareprice had dwindled through placings and poor results to about 0.056p (from 7.5p) and the number of shares in issue had risen to 4905 Million (from 85 Million). They then did a shares consolidation of 80 to 1 reducing the number of shares to 61 Million which with this years predicted placing has now gone up to 83 Million." Fundamental wise so far IMTK have been a disaster. Is that about to change for the better? I don't know. We shall see. But if it doesn't them IMTK will soon be back where they were a month or so ago because the market gives little value to loss-making AIM minnows. Brother........... you're lucky I didn't report you and have you banned for making unnecessary personal comments. Please refrain from doing so.

I said I don't want any rude responses from anyone including yourself. I had quite enough of those on the NEW and SER boards when I dared the challenge the loony rampers who believed they not only owned those boards but that they were the only ones allowed to post. You are the same. I said my posts are just my opinions. If you don't agree with them then ignore them. Please don't misinterpret them or do the same as most loony rampers and resort to being rude.

Just my ramblings. Nothing to be taken too seriously and I certainly don't want any rude responses. By the way I wasn't far wrong on both SER (smelling a rat when BMD quit without finishing the job and then promptly exercised and sold his options) and NEW (when I said the short squeeze had already happened after the 1000%+ rise). I don't think RT/QPE are dodgy. They are just being very naïve - that is unless they have any real plans for transforming these 2 business beyond buying a stake in them. As it stands without any fundamental changes the Final Results of both IMTK and DAN will see the shareprice crash right down to pre-RT/QPE involvement.

By 2014 the shareprice had dwindled through placings and poor results to about 0.056p (from 7.5p) and the number of shares in issue had risen to 4905 Million (from 85 Million). They then did a shares consolidation of 80 to 1 reducing the number of shares to 61 Million which with this years predicted placing has now gone up to 83 Million. For those who doubt my research the last 5 years results are shown on this website above and make pretty painful reading: turnover between £3M and £4.5M (with the best year for turnover 5 years ago in 2010) and losses every year of between £1M and £2M. I repeat the new contracts that posters are highlighting are nothing new. They have been turning up regularly for the last 9 years without any real change to the turnover and profits of IMTK. My conclusion here is that unless RT/QPE have major plans for IMTK/DAN that need to involve a whole lot more than simply building a stake in these companies then nothing will really change. Many punters will make huge profits if they have the sense to see through all the ramping and work out that nothing has so far changed with IMTK and have the sense to sell out at the top, while others - the latecomers who got burnt so bad on NEW for example - will be burnt here all over again. Then they'll be off blaming the shorters, emailing LSE and the authorities, setting up Action Groups, etc, etc, etc all over again. What's new. But the one thing that is certain is that without any fundamental change to IMTK's business model THIS COMPANY WILL NEVER BE HUGE. Is that on it's way? I don't think so. All just my opinion.

I love that statement by rylidan: "My opinion of this company is that it will be huge. Foundations are set.". Unfortunately I can't see such a wild statement is backed by one single iota of truth and reality. Having just done a small amount of research into IMTK it becomes quite clear that they are not huge and not likely to become huge in the near future, or even the far future, that is without some fundamental change to the business and that doesn't seem to be on the cards. One thing I have learnt about AIM is that even if a share is hugely undervalued that doesn't mean the share price is guaranteed to rise. Some remain undervalued almost forever. Certain posters (stubbsy (who has since disappeared thank goodness) for one comes to mind) and blogs like Directors Talk are forever digging out undervalued stocks and ramping the f*ck out of them saying how much they are going to rise but usually all that leads to is a temporary spike, followed by a denial from the company, followed by a placing as the dodgy company takes advantage of the upsurge of interest in the share, followed by a fall back to the SP where it all started. The only thing that is going to lead to a permanent re-rate of an AIM share is a fundamental positive change to the business and that certainly hasn't happened here. For the shareprice of IMTK (and DAN) to show any permanent upward movement it will need something huge to change. Unfortunately no-one knows if RT/QPE have any big plans for DAN/IMTK or whether they just believe that by building a big stake in these companies the shareprice and market capitalisation is going to mysteriously go through a fundamental, permanent re-rate upwards (especially to some of the absurd levels being quoted on Twitter). However I can assure you it will not. It will create a profitable short-term spike but little more. Looking at the fundamentals of IMTK they were founded in 2000 - 15 years ago - and floated in 2006 with 85 million shares at an SP of around 7.5p. Reading through the RNS releases since then every year has been the same - new contract wins (they are nothing new this year!!!), painful results with turnover between £3M and £4.5M, and every year a loss of between £1M and £2M, which has been covered year in and year out by a placing. In fact without living off placing cash for the last 9 years since they floated on AIM Imaginatik would have long since gone bust and disappeared.

The RNS says: "On Admission, the Board will comprise the Proposed Directors and the Existing Directors will step down from the Board on Admission. Details of the Directors and Senior Management are set out below. Grant Roberts - non-executive Chairman John Gunn - CEO Nilesh Jagiata - Finance Director Martin Davison - Proposed Non-executive Director No mention of David Lenigas or Donald Strang. Are they quitting??????

I'll repeat that last para: "Finally I'm just reading this as saying that David Lenigas is going to stand down as a director of OCT after the acquisition. Can anyone confirm if this info is correct." Not quite so happy if this is the case..........

The key to today's RNS is to get the fact that all the figures take into account the proposed consolidation. 0.18p is the benchmark as that is the acquisition shareprice. Looking at the M/Cap there will be 559Million shares after the acquisition with the existing shares going through a 11 to 1 consolidation and the new shares issued at 2p (0.18p at today's pre consolidation SP). The predicted £11,205,000 market cap on admission with 559 million shares already takes into account the 11 to 1 consolidation and the new shares at 2p is also a post consolidation SP. At the end of the day it's all about growth and potential. Also a lot will depend on whether John Gunn is going to hold his 52.44% stake in OCT for the long term as it doesn't look like he is subject to a tie-in holding period. Finally I'm just reading this as saying that David Lenigas is going to stand down as a director of OCT after the acquisition. Can anyone confirm if this info is correct.

Drill estimate is 31 days for Niobe so they certainly won't be going into admin while that's ongoing............

Niobe is about to spud and TRAP have paid the drill costs already. And to quote TRAP "Niobe suucess will be transformational for the company" was said in May 2014 when TRAP shareprice was 9.5p!!!!!!

Time they got some funding sorted out then isn't it. Silly BOD's. Niobe is really a make or break drill. If it hits oil they won't be going bust but if it's a duster that may spell the end. I certainly won't be holding for the drill results on this drill.

Great research M33i. Drill costs fully paid. No panic over funding. Must be spudding soon as the rig doesn't have to go far. "Niobe, a 2015 well, is potentially transformational at 50mmbbls (28% equity)" according to last years presentation.

No, not yet. It's only due to spud around now

I think the only shareprice momentum is due to the Niobe drill. That is going to take about 31 days to TD. They must be doing a fund-raising as they have to pay their drill costs as well as have some cash for running costs. To repeat and copy from Phoebus's earlier post: "From April 23rd RNS. 'Although we look forward to the drilling of Niobe and despite the overhead reductions achieved, in the absence of additional funding the Group has insufficient resources to continue operating beyond the short term.' 'The Board, in conjunction with its advisers, is urgently assessing a number of potential funding alternatives and/or asset sales.' 'In the absence of a viable funding solution, the Board considers that it is highly likely that the Company will become insolvent, and appropriate insolvency proceedings, such as administration or liquidation, will consequently need to be commenced.'" If Niobe hits oil there will be considerable upside: if it's a duster there will be considerable downside and they may just go bust. No risk really. Just the share to jump into on the spike without doing any research.

We know the reason for the rise. Niobe drill is about to spud. The question though is how they intend to pay their share of the drill costs. If they are finalising a placing that would also explain the rise as a successful fundraising would create a lot more confidence in TRAP.