Member Info for Millertime

Any update from doc following his meeting?

Well put, it's a shame I paid a year in advance as I'd have cancelled a monthly subscription. I understand his record on Niftyfifty isn't too bad, I think trying to time AIM stocks is a lot harder than he thought it would be.

Hi pjb, I assume that TW never got back to you justifying the volte face, interesting that the Insetco sell advice never made its way onto ShareProphets.

Good to see there is some positive sentiment behind this share. I would be surprised if any information has been leaked by the firm so news flow may not be imminent. Hopefully this doesn't slip back once the traders move onto the next hot stock in a few days time.

Agreed on all points. If the company is going to go bust a loan note holder would have a claim on the company over the equity holders so converting would suggest they expect the SP to rise. The note could easily be sold so there is no need to sell for liquidity. My understanding on the first conversion is that the big seller was someone who bought the converted shares at a discount to the price at the time (at a premium it the then SP) and thought they could make a turn but didn't realise how lightly traded they would be and moved the SP down considerably.

The company publishes RNS announcements to inform people who are willing to do a modicum of research. Convertible loan notes were issued in 2014 with some as an overhang pre the current BoD. A number of these have been converted in 2015 at 0.01p The $300k payment has been delayed as mentioned in a previous RNS.

I think you're spot on, I am pleasantly surprised how well the SP held up today given the volume of selling. I am @jeffmiller790

Hi SFU, I don't think much has changed since the loan note conversion, other than the NED appointment that I view as being positive, if anything it has brought the price down to more attractive levels and provided a bit of liquidity that was needed with the stock where only 10% was held in public hands. The flows in the last couple of days gave me the confidence that if I went in I would be able to get back out, if necessary, without causing the price to plummet (as with the loan notes). I tried to add you on twitter the other day, would be interested to hear your views. MT

32,000,000 / 1,070,449,762= 2.989%

I think you'll find it was 2 x 5m and 1 x 2m. Puts me nicely at 2.98% of the company, have a good day all

I think the language is a bit strong but ultimately he is running a business that before the conversion only had 10% of PI money so to date and before that his experience is almost exclusively institutional. Whilst we are playing an important role questioning the decisions of the BOD it does seem that a number of people are independently going to Ivan with questions. We just need to make sure that we don't overwhelm him, as he said as much to me after the ShareProphets presentation, to ensure that he doesn't see PI's as more of a hinderece than an asset as that does have the potential to colour his views.

Why would a contract worth 1/4 of the firm's SP have an effect on the SP? Hmmmm

Evening all, looks like a busy day has been had by all, hopefully this will stabalise over the next few days and not get hijacked by the fly-by-night traders/rampers/dampers

Huds I agree with you on HSR looking for short term movements, what I fail to understand is what has changed in the last 2 weeks to take us from a buy to a sell. I agree with all who have posted that we are back to the pre deal announcement levels and that downside is limited

I agree, if nothing else the shell value is close to the current SP, adding in the stakes in the Canadian firms and the potential for deals (albeit weighed up against the 250k/yr running costs) and it doesn't make sense in getting out now. None of the sells so far have triggered an RNS, which you would have expected given the size of the flows, which suggests that the loan converters pre sold their shares and someone got landed with them, probably a MM, and has been trying to get rid of them ever since. Given that the SP was around 0.17 at conversion you can assume that the pre sale was done somewhere between this value and 0.1 and that whoever bought them was unaware that only 10% of the shares were in public hands and just what an effect releasing that many shares on the market would do. Personally I might look to top up a bit tomorrow, I already hold over 2% and am in for the long haul.

He published a change of stance earlier today (16:11) on his subscription site Hot Stock Rockets. I am sure there is another subscriber on here who can verify this.

It was on Hot Stock Rockets and repeated on ShareProphets a few days later http://www.shareprophets.com/views/10554/insetco-delay-loan-conversion-and-share-price I don't believe he has sold, he has a 72 rule for sells and buys and makes more off tips, it isn't worth his while to risk his reputation on this. My worry was that that sale would take things even lower at the start of next week.

No idea, he recommended averaging down on 9th Feb. My worry now is if he starts to dump stock

TW has just updated on HSR, looks like he's had enough and is recommending a sell

Just tried a dummy buy and there is 20m being offered at 0.074 so there might be a bit more to go