Member Info for lambo222

Trial was funded at 12p didn’t stop the price falling to 1p, fact is that while IMM use Lanstead and have no cash this will just continue to tumble, and they now imo need more money… if the trial actually starts then your talking results in 3 years minimum imo so how do IMM fund themselves because atm they use death spiral funding that obliterates the share price

How can it be derisked when it’s ran out of money??

Dallo your a good man I have always liked your posts, I just think who would have thought in August when the shares were 2.6p it would fall to 1p within 6 months, and the main reason for this is Lanstead death spiral funding, they are a constant seller on the book, no volume price drops to get buyers in, news comes Lanstead sell aggressively, no news Lanstead sell it’s just relentless and always will be while IMM continue to use lazy funding. It’s two fingers to shareholders saying yeah we don’t care about the price, if they did they would not have used them at 11p then at 5p then at 2p and now possibly 1p or lower it doesn’t take a CFO to understand it’s killing the company with these agreements… and for very little gain either, less than £2m raised from sharing agreements since 5p agreement and the price is down 80%, if they do indeed use them again then this is firmly over imo. It’s actually better to do a £3m placing at say 0.5-0.8p get rid of Lanstead and start a fresh, if not it will just be a slow drift to 0.2p area as it has been from 11p area. Pre IND meeting for CIPD was 9 months ago, what happened to putting in a full application? What happened to Avion collaboration to sell their products? Jam tomorrow doesn’t wash anymore the market has had enough that is now clear, so something now has to give because the pot is imo empty and I would hate to see another aim shafting but the red flags are waving

Dallo, no they don’t they have already received all money back from IMM they wouldn’t lose a penny, please see the details of the Sharing agreements, IMM pledge all money back to Lanstead, when Lanstead sell the money goes direct to IMM not Lanstead, its death spiral funding at its worst, hence 12p to 1p in a few years, by my calculations they are out of money in a few weeks time so something has got to give, would not be surprised to see a 0.50 placing to city mates let’s put it that way we have seen it many times before on aim and the bod here own a tiny amount hardly 2% between the lot of them

Not sure they may just decide to take it private if they can’t raise money on aim anymore, the whole reason they used Lanstead AGAIN in August was because their broker told them a normal placing would be at a huge discount and they would t be able to raise much cash in any case… so what’s changed since August for that to be any different, something has to give here now. Lanstead own too many shares to be used anymore really imo, the only way I see this going is a big placing say £3m at a huge discount, broker and their clients get a good deal while LTH get shafted, Incanthera shares are only worth what someone is prepared to pay for them, 9p currently so maybe £600k at best in a fire sale. I don’t believe this will delist for what it’s worth but the market knows they need cash and quick, the market knows Lanstead have 16% to sell and the market knows no results are due on any of the trials for many years so how IMM is funded is now a big issue. Price will continue falling while Lanstead sell, but the lower it goes the less funding options the company have, so imo they need to address this now if they are not already doing so, total silence despite the share price collapse tells its own story imo

Agreed but if shareholders didn’t vote yes to reduce nominal value from 1p then IMM would be liquidated so there will be no choice. The whole point in dropping the price is to attract buyers to buy Lanstead shares so IMM get paid, the lower it goes the more buyers appear but with 16% still to sell and more funding needed I do not see any value buying this close to a placing, your just leaving yourself open to a shafting, plenty of horror stories of 50-75% discounts on aim lately especially pharma companies it’s far to risky even at these levels for me with no news due on the horizon and no cash remaining imo

Dallo, can I just ask why you bought today when it’s clear they are out of funds imo, the time to buy is after a placing not in the lead up to one your just throwing good money down the drain

Well even if they took £1m at 1p then that would still take them over 30%…. Judging by todays price action imo a placing is on the way at a large discount, 0.8p would seem about right in this market 25% discount… depends how much they want to raise, but price action doesn’t lie something is on the way and it ain’t going to be good

There has been less than £15k sold today for Lanstead to go under 10% they would need to sell £300k plus!! I agree it’s looking very ominous, the market knows they are out of cash, Lanstead already have 16% so they can’t take many more otherwise they will be too close to the takeover threshold and in any case Lanstead owning most of IMM would be the final death kneel for shareholders as dilution would be hideous. No idea how they fund the company going forward but they better think of something and quick, this time I don’t think Lanstead are an option they own too many already… what a mess

What do you mean? They own 2.6% if they go over 3% they will need to issue a TR1, they showed no interest in 2p placing so I very much doubt they will buy open market

Why would you want a takeover at these levels? That would be madness and only Lanstead would benefit, they need funds and Avion will know this, they knew this at 2p and didn’t support so why would they pay above 2p now makes no sense. Directors need to buy some shares down here and support the company or do a deal to stop the share price falling towards 1p which unfortunately looks inevitable without news

Nope it’s 3% they declare as TR1, they don’t hold 3% atm

Pokerchips, AA have not bought any shares if they did they would have to issue a holdings rns, directors should be buying shares at this level but they never do, all very frustrating, they seem happy just to let the share price slide away and no doubt Tim is more interested in Incantera given he has a 5% stake in that, he holds what 0.3% of IMM, less than most pi. Iv said it a million times but Lanstead are lenders of last resort as their selling decimated share prices, if any other investor was willing to put decent money into IMM then they wouldn’t be using Lanstead, they use Lanstead because if they don’t they will be liquidated it’s as simple as that

Pretty obvious a placing is on the way here, achieved nothing since the last one all hot air, be lucky to get one away at 0.5p in this environment

I tell you what the bod better not be taking a single penny in salary here, total value destruction on an epic scale, 11p placing to 5p placing to 2p placing to now 1p placing… 90% value destroyed in 3 years, annoyed with myself for lumping in £25k in two minds whether to just sell up and take the loss on the chin

Timed my buys very wrong, bottom draw now will take more in the placing to average down. Tims so full of sh.t if he took an enema he would disappear!!

Would you rather lose money?

Agree, let’s hope it’s not a TR1 holder as some of these trades are very big and selling at any price

Well a seller wants out if this clearly, and fast, no idea where the bottom is looks very weak unfortunately

Huge volume day yesterday as the seller left the building, any volume today and this shoots straight back over 2p imo won’t take much