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I would be almost certain that it’s no coincidence all of the directors piled in at over the price recently.
A bit of research would show you that the retail units are flying out of the door and they are well aware that it’s been achieved with a soft launch and that there is ample room for rapid worldwide growth .
The product has been accepted and liked by the market, and new additions to the experience will maintain momentum.
It’s the modern day equivalent of the talking book and enjoyed by kids and parents.
Sales have been hampered because they underestimated the demand .
What an irritating, yet fantastic position to be in.
They could franchise out a global distributor network if they don’t think they can do it for themselves.
I would be very surprised if they didn’t sell close to a couple of millions worth in the UK pre Christmas .
Sell them worldwide , and the market is potentially monstrous.
It would maybe make Immotion ripe for a takeover from a global toy distributor with the size and scope to achieve this.
I m certain that the size of this in home market has been vastly underestimated.
In betting terms, I think this is a six months nailed on certainty to give a hefty return if you invest at 4 pence
(Barring covid parts 3 and 4 , asteroid impacts, alien invasion, global collapse etc)
Judging by the last 12 months, all highly likely lol.

Yes, I have tried one.
It’s an exceptionally well presented product and very easy to set up and get going.
The experiences are high quality and educational.
A couple of the videos are a bit short, so I hope they can add some more content in the near future.
Overall a very enjoyable experience and I would definitely put it on the Christmas list.
It was interesting to see that one of the polished Facebook ads that popped up on my screen yesterday had 108k views
I think they have hit the jackpot with this one.
Easy to see why they have dipped into their own pockets.

From the following, it appears they are selling £20k worth a day.
That’s incredible figures and if they can duplicate this across the globe then they have hit the jackpot .
No wonder the directors bought back in.
Reply from Let’s Explore: Oceans
19 hours ago
Hi Janet, Im very sorry you have not received a confirmation and its very strange that you say our email isn't working , we are currently receiving about 300 emails a day. support@letsexplore.com

We’ve experienced unprecedented demand for our product, which is great, but the bad news is this has delayed delivery. We’ve scaled our team to deal with this demand, but this has taken slightly longer than we would have hoped due to Covid restrictions. The good news is we’re now fully staffed and we’re catching up quickly.

They obviously did not want to commit to too much spending prior to seeing how many would sell.
Unfortunately that means they will probably be in the frustrating position of running out of stock and missing out of a bumper Christmas .
There is a huge untapped market in the United States and I am surprised they didn’t also launch there .
I think the directors are fully aware of the massive potential and that the placing will hopefully pay fore more stock and let them launch there pre Christmas if possible .
I have no doubt that this is why the directors have dipped into their pockets and are confident of reaching the targets.
It’s unfortunately going to be a game of patience at the moment.

I’m amazed there are no comments on here after such a hefty rise.
Surely something good must be brewing as there are being hoovered up.

Not surprised to see some jumping ship with another lock down looming.
Perhaps they hold an ace up their sleeve with the home offering and sales of this will more than offset the store trading difficulties.
I do think , if they can get their dinosaurs added soon, then they have a great chance of a cracking Christmas quarter.
Its all a bit of a gamble at the moment.

Bearing in mind the cost price is £60, if they can manage to sell just 50k units in the UK and 50k in the USA, then that's a turnover of approx. 6 Million.
I would thought that that would be a conservative number with Christmas looming.
Costs of the current development have already been largely absorbed, so they are left with marketing , distribution and manufacturing costs.
There is a very good margin to be had with this product once its out in the market place.
It appears that there has only been a soft launch so far, and if you bear in mind that there have been 450 million PlayStation's sold in the world, then it becomes clear to see that just a small fraction of these numbers will provide Immotion with a huge in home market place.

What they need to do, is get the Dinosaur and wildlife options added to the offering asap and to start marketing the product with vigour.

Its a great product, packaged fantastically (akin to IPhone packaging IMO), and very polished.

The potential is huge and the next three months will either show it to be a non seller, or on the other extreme one of the must have Christmas gifts.

If its the latter, the fortunes of this company will turn around very quickly.

It would be great if it turned into this years “ must have “ Christmas present.

www.proactiveinvestors.co.uk/companies/news/930433/immotion-group-launch-at-home-educational-fun-family-product--let-s-explore-oceans--930433.html

Painful reading in parts due to this years turmoil (No fault of the company).
You have to admire the adaptability of the management n very difficult circumstances.
The August figures showed a loss of 30k , so if they could keep these numbers up and get some decent sales of the home product and Uvisan , then they have a chance to turn it around.
Looming lockdowns in the UK as the hysteria is being spread once again won’t help, but luckily it’s the smaller side of the overall business.
Overall, it looks like sales of the new products will be critical in the survival of the company.

I am shocked at how little trading is occurring considering they are launching the exciting new product this week.
Sign of the times I suppose.

All good news.
The product is pretty cool !
Not up and going yet !
letsexplore.com

I would think that there is very likely to be news next week.
Its certainly going to be quite important , as we will no doubt hear of the negatives of the current covid issues, the prospects of Uvisan and an update on the in home offering.
All in all an important week regarding the future prospects of this company.
I am therefore surprised that trading is so light.

Seems it’s overdue.
From the RNS on the 1st
"The Let's Explore in-home offering is reaching completion and we look forward to updating the market fully on this exciting new launch in the next week, or so..

The past history of this share dictates that it should be an excellent quick trade at the moment.
We have already been informed that the launch of the home offering is imminent (Next week or so)
No doubt it will be launched with a great fanfare and as usual with news from this company, the price will rise from where it is now. .
Add a potential large Uvisan order and the price might even rocket. (Barring any extreme world events)

Impossible to buy any at the moment.

Not bad, considering the difficult and frustrating conditions.
Let’s Explore. sounds interesting and can operculum add some value.
As for the Uvisan potential, I wish them luck, however years of sales meetings have taught me to be very sceptical about those potential large orders that salesmen say are in the pipeline.
I’ll believe it when I see it.

I noticed Uvisan have been tweeting various mp’s
Get the masked ones back to school ( Hell ) safely , with the help of their cabinets.
Not a bad move and one that could pay dividends if they get any momentum.

Always amuses me that no one seems to have anything to say between news .
It’s noticeable that the usual price drift post news is not happening.
It appears that the stand alone vr centres are getting good pre bookings, we know that the Shark reef aquarium is bringing in decent revenue, , Uvisan might have good potential, and there is a home offering in the making.
Probably a great time to buy.

According to the last RNS , we should hear news of their new offering this week.
If it’s any good it might generate some decent interest.