Good time to buy.20 Aug 2015 04:38
QPE have tweeted that they were very happy with how their meeting with the IMTK board went and will be increasing their holdings.They currently hold 12.01% so they would plan to more than double their holdings, which is going to put immense pressure on the shares, since there is less than 17 million shares in free float. Not to forget there would be other institutional investors now wanting to have IMTK in the funds, the much respected highly performing Marlborough fund holds more than 8 million IMTK shares already, which all point to the confidence the big players have in IMTK. With the recent developments there would be more interest shown to hold IMTK. QPE was very happy with how the meeting with the board went, therefore we could assume that the board is ready to work with QPE and develop the business fast and return value for the shareholders. They have told they would be releasing an open letter outlining their plan and why they feel IMTK has immense potential. QPE has set a price target of 20p for IMTK based on the current business it holds, with more business and more interest being shown to hold IMTK shares we would see in the near future, IMTK trading at much higher prices. Good time to buy IMO.