Member Info for lambo222

Huge seller around, be 0.5p placing soon enough imo

Yes thank heavens for Lanstead or the price might have collapsed from 20p to 2p… or 180p to 2p whichever timeline works best, or even 11p to 2p, or 5p to 2p been the most recent deal, thank you Mr Lanstead

It will imo head sub 2p as Lanstead begin selling their two separate agreements, only reason to buy in the open offer is if you wanted to take size say £50k or more, which no one did by the looks of it

£835k a year salary the bod are taking, poor performance is rewarded it seems, no reduction in salary, no participation in the placing at 1p, won’t be long before they raise again

Shame the other directors don’t share her enthusiasm! £130k raised when £500k offered us a poor showing really

No mention of Dundas, just oh we hope to get a partner on board by end of the year, well by the end of the year JAY will need yet another discounted placing so they better think about reducing their £1m salaries!! Because £600k raised at 1p won’t last long when it’s all been spent! 0.5p will be the next placing price by the jokers, Rob took over and the price was 5p… it’s now 1p…. All talk and no meaningful action or news

I just think Lanstead now own a very large part of IMM, over 20% which all needs to be sold over the next period so unless retail suddenly develop an appetite for IMM shares the price is only going lower as Lanstead sell which they have to do for the company to receive payments, it’s death spiral funding on a small scale really but Tim had to do something or the company was bust, as ever it’s worth keeping an eye on but I won’t be investing anytime soon and when I do I feel it will be closer to 1p than 2p imo time will tell

Once Lanstead start selling this is only going one way with no buying volume to pick up the slack, good news is effectively capped around 2p given the warrants meaning the company is potentially static at 2p and below for the next few years until phase 3 trial news gets close probably in around 3 years time, such a shame but better than issuing bucket shop brokers for placings I feel, lesser of the two evils but for now it’s uninvestable

Agree, due to those warrants been repriced to 2p the price will effectively be capped at 2p for years until they are all converted, screwed any chance of a sustained rise now and no reason to invest imo

Slow drift back to 1.6p lows now imo, no one willing to fund this apart from Lanstead who can’t lose and now hold a ridiculous amount of 2p warrants, would imagine this latest £1.3m will last around 6 months given conversion will likely be lower than 2p, so out with the begging bowl again around Feb with the promise of corporate deals haha he’s been saying this for about 5 years! Nice work if you can get it, retail shareholders fund the Lanstead deals by buying the shares they sell into the market so I find it funny the rns states they also value there retail investors… well without retail investors IMM would be bankrupt and the gravy chain would stop! No one in their right mind would buy at 2p I’m expecting a huge undersubscribed placing

More death spiral funding, no director participation… says it all really you’d have to be an idiot to buy this at 2p, heading much lower now more death spiral funding is in place imo

So good that this apparent investor didn’t want to buy M&G shares at 1p or take any placing… massive sells again today so who is dumping now?

The word on telegram is that there are so many desperate rampers trapped in this dog that they will say anything to try get the price up, price action says it all, no volume, seller still around and still short of cash due to ridiculously high cash burn that the directors refuse to reduce their salaries says it all imo

We seller looks to have come onboard lol oh the joys, what a joke this is

Another seller turned up haha, the way this is going it’s probably sandgrove selling out of their 14%, nothing would surprise me here now, hardly any volume even at these levels, we’ve been had

Well let’s hope it’s not and M&G don’t have better info than us because if they do pull out it’s over here we will lose it all, Rio pulling out was not a good sigh neither was M&G pulling out

Stop is in place

Ah yes the multiple partners lol do you trust the board to be true to their word?? M&G didn’t and I don’t either, Dundas has been downplayed by RE, hardly any mention of Disko anymore, Rio pulled out of JV, if Kobold pull out of Disko it’s finished imo as they will have no cash and a share price of sub 0.5p, could easily go to the wall from here imo

The same Dundas they have put on the back burner not spending any further money on it? We will most likely lose it all here, £600k won’t last long another 0.5p placing will be next imo

Interesting development, good luck with it, director salary is a disgrace