RE: IMTK - +3.38% @11:35am20 Aug 2018 09:07
Brainer
I am a shareholders of IMTK because I want to be here. Vin Murria*s IPO in 2008 was in the region of £32m which was taken over by VISTA, a US private equity group for £724million in 2014.
On Fri, 17 Aug 2018, IMTK issued an RNS:Further Update to say that the discussion with Vin Murria are continuing to take a "Controlling Investment Equity" conditional upon the Takeover Panel waiving... In Feb 2018, Vin Murria bought
a 1.34% stake in IMTK and that was via an RNS. The stake has gone up to 1.78% per 4-Trader.com data.
The said RNS of 17 Aug 2018 was issued at 15:40pm and therefore there was 50 mins for investors to digest the information in the RNS. I was doing a dummy live buy quote and it was still 8.5p to buy and that was the last historical transaction. VOLUME for Fri, 17 Aug 2018 was 3 deals in total = 23,000+ shares dealt. So, obviously, NO RUSH OUT OF THE DOOR by investors.
The share price trades within a narrow range of what the Market Maker is quoting between buy/sell and therefore, there is NO great volatility as such eg 8.55p to 4p [the 4p is your suggested price].
As you may be aware, shares do not "gyrate" from 8.55p to 4p without "substantive news". In the same vein, there is nothing to suggest it will not "move" higher on substantive news either. So picking any number for a share price may not be within the Efficient Mkt Theory. I have NOT heard of either academic security analysis, Wall St or City grandees going on shares moving up or down [big moves] without "substantive news".
So, thank you for your concern. For those of us who remain, we are waiting for the opportunity to invest in Vin Murria*s 2nd publicly listed co as I did not have that chance in 2008.
I trust this explains my position.
News, Mon 20 Aug 2018.
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