Member Info for lordloadsoflolly

Scrodingerscat - I have NEVER topsliced.

No idea where you got that from, but if you can be bothered to trawl through all my past IMM posts (good luck with that), you'll see it's the case.

If the market felt Lanstead's heavy reduction yesterday was a good sign (suggesting less future selling pressure), how come the SP is currently lower again this morning?

Could it have something to do with the majority of investors reaching my conclusion rather than seeing this as any vote of confidence from Lanstead in IMM's imminent prospects of a deal?

Ogm - I agree Lanstead shouldn’t (& almost certainly don’t) have any more idea on the likelihood of an imminent deal than you or me.

But as I said before, they are nothing more than calculated gamblers, whose aim is simply to make as much out of IMM as possible. They didn’t know what IMM’s SP would do over the course of this latest funding deal. They guessed (& presumably hoped) it would stay below 5p to minimise their repayments. And on this occasion they got it wrong.

To say they are selling as part of a long-established pre-agreed policy is nonsense. These guys are purely in it for the money and if they felt they’d make more by retaining more of their IMM holding, that’s precisely what they’d have done.

Cont … but they’d gain far more holding 4.99% than under 3%.

Schrödingerscat - ultimately each of Lanstead’s funding deals has been an out&out gamble on the future direction of IMM’s SP.

The lower it stays whilst a deal is live, the less they have to repay. Lanstead are ultimately just calculated gamblers, whose aim is to make as much dosh out of IMM as possible.

If they took the view/guessed that a deal was imminent, I can’t see for the life of me why they’d be reducing by over 2% of IMM’s total market cap right now. Yes, they still stand to gain massively if a deal comes off. But they’d gain far more holding 4.99% than

They clearly wouldn’t know for certain, but if Lanstead felt there was even the slightest chance of a game-changing deal, surely they’d hang on to their shares & fund the repayment some other way.

Cont… (4.99% - < 3%). And they could fund it countless other ways anyway. No-one’s forcing Lanstead to sell their IMM shares to cover the repayment.

As I suggested yesterday, why on earth would Lanstead reduce from 4.99% to beliw 3% if they thought a deal was imminent? Makes zero sense.

Sure, they have to fund the final monthly payment, which will now be higher as the SP has remained above the 5p level so far. But that payment’s still a LOT less than 2% of IMM’s market cap. (4.99% -

404x - I largely agree with that. Though there could be a number of shorters each just below the 0.5% threshold that added up to a significant amount.

I’m not sure Lanstead’s that responsible for any recent SP weakness.

And surely if they were wholly convinced IMM was on the cusp of a major deal, they wouldn’t be selling any shares now anyway to meet their monthly repayments.

Plenty of other funding options exist. Unless, of course, they sense a bird in the hand’s worth two in Tim’s mush.

Halfbutt - a 10% rise or fall ISN’T normal. Even on Aim. Though it does happen.

AdamKahn - apologies!

Did think it was a bit odd, as I’d never claimed either.

Ezhik - "My current project has pipe supported all over the place on bits of wood, hanging from chainblocks and slings, sitting on adjustable trestles and whatever else necessary to get it in place".

But enough about your latest DIY bathroom project!

Halfcut - I'd call a 10.34% drop in one day pretty bad, wouldn't you.

PS - REALLY positive market reaction today to the much-awaited (& sadly still awaited) deal RNS.

AdamKahn - 'fraid you've got completely the wrong guy there, if you're referring to me.

a) I DON'T hold 1.5 million IMM shares &

b) I never invested anything like £80k in IMM. Who in their right mind would gamble that sort of money on something so speculative?

So wrong on both counts I'm afraid, but nice try.

Alexsnowdenn - thanks SO much for your really helpful advice.

I've now totally seen the error of my ways.

You are, of course, correct. All those multi billion deal predictions are 100% right and the market - & history - have just completely misunderstood IMM & its magnificent leadership.

Thanks again for setting the record straight.

****s right, martinu.

Spotthenutters - given all the incontrovertible evidence of Tim deliberately/unintentionally leading investors up the garden path in the past, I await the knock on the door/letter in the post with HUGE trepidation. Not.

Alexsnowdenn - in case you’re wondering why your last post all ended up lower case, it’s because of the offensive language LSE detected.

I invested in IMM well before Tim’s true colours became apparent. I continue to hold as he has come out with a totally unambiguous timeframe for a deal. Which suggests he’s either finally going to deliver. Or it’s the last desperate throw of the dice to cling onto his comfortable lifestyle a bit longer.

So now I’ll either make money or witness him crashing & burning. Either of which will be quite entertaining.

As for your posts, they suggest blind faith in someone who history & the current market suggest cannot be trusted.