Member Info for Mnemosyne

That's just the £150k loan from the major shareholder to keep them going, on top of the £350k he's already lent them. The new working capital requirement for Kwercus is a different kettle of fish and will be a lot more than that. Since they've not said any different, I assume ImJack's still handing over £42k per month to TAS in consultancy fees, so that £150k won't keep them running long unless they start generating some revenue.

Yes, when and if they announce they've raised the working capital they need, or even entered into an agreement for a JV or similar, I've no doubt we'll see a healthy rise back towards the price it was a couple of weeks ago.

Reporting continues, today one of BBC's top headlines. Can't help but be good for smart meter manufacturers. http://news.bbc.co.uk/1/hi/business/8389880.stm Gandhi - lol, didn't spot that one. Where will we fit the furniture in?

Yes, I saw that story covered in today's FT and thought exactly the same as you.

Tomorrow , 2 December, is the 1st day on which the stock trades ex-dividend, ie buyers buy it in the knowledge that they will not get the dividend. That's because there wouldn't be enough time to register the shares into the new owners' names before the record date on the 4th. Anyone recorded as an owner on the record date gets the dividend. Basically, if you want this dividend, you need to hold the shares today.

I'm afraid your guess is as good as mine, but I'd reckon sooner rather than later, particularly if it's good news. They need to find a funding source by the end of January otherwise there will be difficulties, so any positive developments with Kwercus will probably be released by their "newly appointed editorial, technological and creative team" to generate publicity and interest. I'd expect a flurry of PR in the next few weeks, and an RNS about anything even remotely exciting. In this case, I think no news will probably not be good news. http://www.investegate.co.uk/Article.aspx?id=200911240700069606C

The fall from 8p was more than just a MM game - IMO it was caused by the cautious wording in the last RNS about funding for the Kwercus rollout. "Accordingly, the Directors intend to raise further funds by the end of January 2010. Should the Company be unsuccessful in raising these funds, this will have a material adverse effect on the Company's financial position and operations. In the absence of a successful fundraise, the Company will seek to explore alternative strategies for raising funds. In the event that such activities are not successful the Company will not be able to continue trading in its current form. There can be no guarantee that such funding will be available." Considering there's a monthly £42k cash burn to TAS, and IMJ's drawing down the last £150k of its loan facility within the next few weeks, I think the price fall reflects the market's opinion of IMJ's financial position and prospects. Don't think I'm deramping: I held these before the fall, I will continue to hold, and I'd be delighted to see them back up towards 9p again. There's a very great deal of potential in this product and Byron and Lilley are both high-profile people, good to have as the public face of Kwercus. There was a lot of positive stuff in the RNS - talks with a major player in the industry and so on - and other things like the shiny new website look hopeful for investors, but I doubt we'll see any startling SP rise until we hear that funding is in place to g

I'm sure you're right about the stop losses. So many sells at 2.5p in such a short time when it dipped. Just goes to show belt and braces isn't always a good idea.

Aha, light dawns - I'd seen the Kwercus stuff linked from iii but missed yesterday's RNS (it's still not on the ImJack website) so was looking at old news. All well and good with the Kwercus plans, but no wonder market sentiment has wobbled with the financial update. The product's sound enough - now let's hope they come up with some workable plans to raise cash.

From the RNS of September 7th re Byron/Lilley/Richards aka TAS "TAS have been granted with an initial option to subscribe for 1,800,000 ordinary shares of 1 pence each in the Company (“Ordinary Shares”) (the “Initial Option”), at a subscription price of 7 pence per Ordinary Share. In addition, TAS has been granted an option to subscribe for a further 7,200,000 Ordinary Shares, at a subscription price of 7 pence per Ordinary Share, subject to satisfaction of the condition that the Platform has been installed in 4,000 schools by 30 November 2009 (the “Conditional Option”). Achievement of this condition would result in options over an aggregate of 9,000,000 Ordinary Shares being exercisable by TAS, equivalent to 7.5 per cent. of the issued ordinary share capital of the Company, as enlarged by the issue of the options." Is it coincidence that this sharp drop has come just days before 30 November? If rollout has been successful, TAS are about to get a big share option that's suddenly become unattractive at present. If it hasn't, they still won't be exercising their smaller unconditional option in a hurry. Was this drop perhaps anticipating a dilution in the value of the shares caused by TAS exercising their options? I wish I understood more about how this sort of thing works - maybe someone else has a perspective to offer? The RNS I'm referring to is at http://www.imjack.com/PDFs/reg_news/07_09_09_consultancy_agreement.pdf

Yes, provided you still hold them on the qualifying day. If you sell them before then, the new owner will get the dividend. If you sell after it goes XD but before the payout, you will still get the dividend because you were recorded as the owner on the qualifying day.

Weird shenanigens with this one this morning - nac what's going on!

Goes XD on 2 December, divi paid 20 January, 13.65p

Yes, an unusual amount of activity for this share today, in particular a number of 10k purchases in v quick succession and a biggish order book remaining. Still not huge volume but looks like a wee bit of stake-building for someone. The CEO's speaking again tomorrow in London - could it just be another flurry of interest caused by that? Or is there a suspicion that the results in December will be good news? Worth watching.

--- over Cadbury http://uk.reuters.com/article/idUKTRE5AG5OD20091117

I just found this while Googling - may indicate how Byron and Lilley intend to raise the profile of ImJack. Interesting stuff about Byron's digital safety campaign, and mentions ImJack (though only briefly). http://www.timesonline.co.uk/tol/life_and_style/education/article6830917.ece

Sales up 44% on same period last year. Delivered for me too :) http://www.digitallook.com/news/rns/3105454-48042/APH-Trading_Update.html

It's 0.07 pence rather than 7p I'm afraid. Hardly a bonanza, but better than a poke in the eye with a sharp stick, and hopefully a step towards better things.

Thinking the same way as you Peter - have been in HIF for a good while at a horrible average of 2.45p; now taken the chance to average down to 1.93p. Shame I don't have the funds to get closer to the offer's valuation of HIF but my holding looks much better now in percentage loss terms and like you I believe MIRL is close to bottom, so I hope to inch towards the blue in the coming months.

Sorry, automatically tried to use wikisyntax for the links http://www.innovate09.co.uk/programme_1145.aspx http://www.innovate09.co.uk/speakers_al.aspx