RE: onthemoney25 Sep 2016 09:07
I recently invited about 70 but ended up 80 odd to my place, a mixture of school, university, family etc, you see I fancy myself as a bit of a cook. After having a little chat with the 'tech heads' contingent as I call them, even the most staunch IMTK holder struggled to make a case, also having read Adammark well written but damming pieces on the company. Rydilan, give him his due did retort in a vain attempt to counter the many detailed claims made around the expense haemorrhyyaging, 1.4m debt liabilities and the general lack of vision. He's rather thetchy response about " knowing what's happening in America bemoaned a poster, like SpikeyJ for different reasons, read previous text below, on the back foot.
If spectacular things are happening in America and your investment is being heavily critically challenged for its validity with detailed commentary, wouldn't you put a synopsis together of similar standing to strengthen your case?.
By throwing a few " well I know what's happening in America" phrases in response is poor for a poster who went to great length prior to the year end results to convince people of " the likely break even IMTK outcome". Unfortunately, he made a ' pigs ear of that prediction' but priorly saw Rydilan getting truck load of reccommendations. A clear case of " the blind leading the blind" into the precipice. I commend Rydilan for at least trying to stand his corner, and he atlesst has shares in the company to argue about, others don't, but I'll say it once again, it's time to acknowledge the 'Elephant in the Room' mate. I hold less than 4K here choosing to place 64k between Cloudtag and koovs and about a third less in 88E and progressively smaller amounts in a few others, although waiting for the NEw/BigSofa RTO ( discount placing) trust me on that one, where I'll have to sell off or reduce those flagging to buy more in BigSofa.
Don't become the defiant 'King Canute' character brother trying to repell information as folly and heightening your sense of blind difiance. You might end up like the boards non share holding ' inspector Colombo' spending hours investigating and building theories that are easily destroyed. Was there a film called " Gone in 60 seconds" that came to mind.
The markets are sometimes brutal and in the case of IMTK their verdict has been forthright. A poster posted a few days ago that " bouncing back from the 30% drop, watch them fly now". Really bud!!!! Needless to say he was messaging from the "Green Man Public House", nearly said convince then?. IMTK are flying nowhere, unless where talking about their senior staff expense paid trips to Rydilands American operations.
Time for a run boys, Victoria Park Hackney.