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Ha ha ha. Rydilan as expected unable to answer many of the serious issues posed, you default to ' throwing the rattle out of the prame and stamping your feet. Like the kid who wants his ball back. Unfortunately for you people reading your response, which resembles a guy totally flummoxed by the tirade of data intimidating that the company is a pup, must be hard to take, and as a fellow investor who at the heights had 33k in here but now 3,7k which has more than halved I feel your anxiety. It's difficult to admit that you got this one wrong and I suspect by your petulant response, your quietly really concerned, as am I. It's funny how you and SpikeyJ were like kindred spirits when I challenged you both but just because he responded in a mature manner instead of prolonging the ' fan club nonsence' and his analysis was generally downbeat, you choose to cast him aside and talk about his agenda, mine and Adammark. I'm afraid readers no longer buy your " non of you guys are invested dribble" because it's an old and antiquated curve ball phrase thrown out to influence the gullible and stupid. I very much doubt if it has been given a second thought by investors that will now be consepulising the information presented and more importantly, hopefully paying a bit more attention to the expense issues that continue to raise its head, and possibly be really concerned. As a former flag waver, I think you now have nowhere to go because you're already got it majorly wrong with the break even nonsense and if the 1.4 liabilities figure can be substantiated, many who would have followed your every word will be " up the swanney". The fact that you don't give a dam as your response is sad, and I'm sure those who use to Lord you as some kind of innovative fountain of knowledge will be a little disappointed that you were unable to come out fighting with a flurry of information capable of blowing the post away. In truth, you didn't because you can, and find yourself locked in here in what appears to be a titanic type venture going forward. No agenda Rydilan but an investor who is a realist. Don't do the King Canute bit mate, you might end up with the water way over your head.
Rydilan, if as suggested, liabilities are 1.4 instead of 900k which I suggested ....things are even grimmer. Can you verify which amount it is please?. I'll try to find some ' fan club' details for your mate.
Rydilan, don't go missing mate, look forward for a good response.
The AIM market waits with a tantalising mixture of trepidation, expectation but more likely amusement for your sun kissed cocktail influenced response to Adammark serious but challenging perspective on IMTK. Surely one hasn't posed you with a task too far. All you have to do is read his post, including the link, contextualise the information, make poignant notes, highligt those contarary points from your own research that you think categoriliy refutes his data analysis presenting your synopsis that either backs IMTK upbeat strategies or presents a third way option, complete with your unique rationale. That's not too difficult for a man of your investment standing. We wait eagaly for these words of wisdom. Anytime this week will do brother.
Oh sorry, Black Russian is drink Spikeyj.
You must have been lying out in the sun too much so I'll excuse your rambling. Still waiting for your technical response to Adammark post mate. Forget the ' smoke screens' put down the ' Black Russian ' and let's be having you.
Rydilan, if it was a boxing match the referee would have to throw in the towel mate. The lasted adammark contribution is very damming and I'm glad that he response to some of your silly comments. 1.4 liabilities Jesus Christ Rydilan, as one of the companies flag bearers what is your response to his detailed ' character obliteration' of the IMTK'. We all new that the expense ' albatross' round their necks IMTK wasn't going away, but as I suspected, it dies look like the company is heading, if not already, in meltdown stage. In the past mate, when the heat has been on or your unable to present a credible response you tend to go missing for a while ....only to return when the ' dust has settled'. Your mate SpikeyJ contribution tonight has been ( let's say puzzling) in the circumstances, but maybe Adammark post is so overwhelming that you are unable to pick through it and present a considered and reasoned response. Don't go missing Rydilan ......I await your ' cutting edge' retort with baited breath. If it comes, I'll put money on your reply having a bit more substance than your pals. I love this board.
I think the board would be much more interested in your conceptuali analysis of adammark latest contribution with a copy of the last set of accounts as back up, but I realise my references to "We" might galvanise your interest and take a strange kind of precedence.......hey ho. First WRN, WTG and now IMTK, professing not to hold shares in any of these companies but oddly desperate to contribute ........ill say it again WHO DOES THAT!!!!!!!! Have a good evening.
Good evening SpikeyJ. I must admit my place is nice but it's not enhanced with Red wine splattered all over the white marble front room floor. I honestly laughed so hard when I read your post that I couldn't hold the drink in. Shirt gone as well bruv. You went to great length to tell anyone who would read that " you were going on holiday" and then waited for the predictable " where you going Spike ....blah ..blah. Very Facebookesq, but I understand some people need the admiration as a ' pick me up'....that's kool. You then rambled about not needing to access the Internet. Well unless you went to the local park how come you're broken your pledges and have returned with a bizzar post. Why is your post bizzar. Well directly underneath is a rather damming summary of IMTK organisation with a number of concerning issues including further revelations about the already hugely inflated company expense fiasco. The accounts clearly further illustrate this farcical companies plight. I quoted 900k liabilities but it's suggested by Aammark that in fact it's 1.4m.....OMG. The CEO looks like having no problem taking 150k salary to run a consistantky failing company and struggles annually to pay off the debts. No contract wins in the RNS, the competition catching up fast ....... and you climb off your sun lounger with rum punch in hand and kiss me quick hat and Union Jack shorts to treat the board to your quintessential incitful stock contribution of : " do you think you have a fan club here". Absolutely classic Spikeyj .....you crack me up mate. Do you think the many investors, many maybe with hundreds of thousands of pounds locked in her and probably very worried at the prospect of losing substantial funds and some even businesses are really worried about your game changing " fan club" reference. I'm totally astounded that someone who professes to be a shrewd investor could imagine that a reference to the word ' my' would eclipse adammark worrying post. Can you imagine how concerned posters are conceptualising your latest contribution ?
Good morning Rylidan Rather than obfusticate, perhaps we would grow in admiration for you if you could explain, after bending people's ear with your " break even" mantra, how you could be so far off the curve. A number of blind investors followed your advise I suspect because of your self proclaimed ' fountain of knowledge' stance. What went wrong son. Avoid the ' smoke and mirror stuff' and perhaps explain your ill fated company evaluation and perhaps give us a more realistic forecast that doesn't come from the ' month Python school of economics '. We wait with baited breath.
oh , last time I looked, 900k debt was nowhere near your waxing lyrical " break even tambourine banging" brother. I wouldn't do the casinos fella if I were you.
Rylidan, the poster Adammark posted the piece on 6/9/2016: I think the content has you worried because many of his sentiments have been highlighted during the troubled IMTK comedy of errors journey. I know your perhaps a little bit embarrassed having gone over board with your pre-results floored predictions, which were way off the mark. As a result your 'man in the know status' has taken a knock and your occasional ' pearls of wisdom' , that used to have a lot of weight, cant really be trusted. If you cant envisage a £900,000 deficit, with all your inferences of knowing top people and having your ear close to the ground, then why should viewers hang on your every word. You messed up big time with the last set of predictions and that has 'popped your cork' though to speak I'm afraid. Your regular company predictions have dried up, and with cash falling through the hands of directors like grains of sand. I suggest your even frightened to make even the most modest of predictions for fear of getting egg on your face again. Nobody arguing about the technology, but the cash burn shows no signs of abating and the markets remain decidedly unimpressed, hence the poor stock price. Its probably found its level, but if so, a lot of people are going to be 'out of pocket' including me brother. In your case I think its a case of ' how the mighty have fallen'. At least after making a bit of a fool of yourself promoting over enthusiastic figures, you've refrained from going there again and now just sit on the hands more in hope than any real commitment or confidence here. Your anxiety comes across in your postings, because you have no real positive news to hit me back with. I'm a realist and would love IMTk to prove me wrong, but the chances of that continue to look slim. Would be nice for you to post a piece of news or an article that totally destroys my overall poor sentiment. I wait with baited breath. Even your army of fans have gone west.
Rylidan, as one of the main IMTK cheerleaders I totally understand your stance. Nobody likes to admit that there hard earned cash might have been wrongly invested. Unfortunately with AIM stocks it's inevitable that one gets burnt at some point. Like you and many others I invested here with a lot of enthusiasm, but in hindsight , should have spotted the red flags much earlier. The huge expenses bill thing won't go away and I'm sure will be highlighted to the companies detriment, as no doubt a bored journalist might grab hold of the story. The company at the moment appears to lack vision and the likelihood of IMTK rapidly reducing their £900,000 debt doesn't look too promising. Things are looking grim brother so there's no point sticking your fingers in your ears or creating names for posters in a sorry attempt to deflect from the issues here. The markets have all but written IMTK off and I can't really see rivals, as you call it, currently losing any sleep over the business development at IMTK at the moment. I can only remind you of your major gaff. You spent a lot of time telling ( anyone who'd listen) that IMTK were almost a certainty to ( break even) prior to results. A lot of people buying your dummy, probably piled more cash into this ' black hole' only for the listed results to be a near disaster with no real penetration into the debt mountain. Rather than put your hands up, you changed track and started banging a new drum during the placing fiasco. I was totally gobsmacked that beleaguered, battered, bruised were somehow hoodwinked into throwing more money into the IMTK bin. You and others determination to fend off QPE, a situation which was beautifully manipulated by the IMTK publicity machinery in (probably their most finest hour) saw investors pile in like lemmings. Now the dust has settled and QPE seen off and IMTK having used a chuck of the cash to sort out the CEO whose money has propped up the company, they have little idea where their going. The veiws of ex director may be antiquated but if IMTK produce another set of lame figures .......even your confirmation bias, cult like following of the company disasters will be hard to sell. Atleast unlike your mate, you are invested and not trolling boards commenting on shares that he can't afford to own. I have a small amount here, so if they drop further, which seems a strong possibility ...won't be hit too much. I'm hoping that an innovative company takes the management out of their misery. I think your mates gone to Southend for a holiday.....happy days.
Rydialan ( an investor) just thought I'd remind you of the peace written on here by poster adammark, who had written before but only felt able to reveal more about his actual ex founder member status after I had written a few pieces. I tend to have that effect on those non fence sitters. Adammark posted 6/9/2016: I'll just out myself as I wanted to respond to some comments in here - the Mark in my name here is for Mark Turrell. I was the founder of the company, CEO who listed it, then ousted by Cooper & his board in a very nasty coup back in 2010. I've had nothing to do with the firm at all since then - and effectively Cooper had been taking over the sales function and others behind the scenes since end of 2009 (he joined in Oct 2009). I continue to follow the company out of interest - and it's a horrible story. I am very surprised any of you have any faith in the company at all. Though to be fair, it was the pump and dump excitement of Terry that made this interesting for a bit, not the fundamentals or the future of the business. Management is 100% responsible for the mess they are in. I am surprised at anyone believing the nonsense about full service innovation company with tech - that had been done by Strategos, Doblin, etc and several IMTK competitors had substantial consulting arms which they still do. Indeed even old IMTK was doing 15% of its revenue from services - the number has only gone up by a few % (on a much lower revenue number too). There is zero vision in the company - it is run by the nonexec of an investment company with a corporate lawyer. Hardly surprising the results have been so bad as they are not connected to their client base. The math of the company is atrocious. They have lost, what, 9M GBP in the last 6 years and the path continues to be big losses. They keep the cost base the same or higher... and revenue only ticks up slightly. The tech is outdated (I doubt they have made the investment to switch off the IBM Lotus backend) and there is no cash / vision to update. In the market place companies have found that they can do similar stuff to the low end IMTK tech for free. The high end stuff is still world beating and deservedly a premium product, made even better with good consulting. As the market pioneer, the things I and the founding team came up with set the standard for the industry... and now it is the standard. Anyway I have learned the lessons in the investor side and am doing a new startup - a network of networks app. Think Linkedin meets Quora meets... Tinder. I wish anyone here the very best of luck if they continue to invest in IMTK - the skill part would be to avoid, or wait for another ramper to take a temporary interest. And for anyone who invested at the beginning... I am very sorry I replaced Howard the past chair with Cooper... and sorry I lost my law suits (though the company was being run to be insolvancy behind the scenes anyway I learned). All the best!
I've got a busy day today son How about you?. IMTK need to sell for the best deal or seriously review business focus.
The debt mounting is being reduced but at what kind of pace?. Big questions marks about exorbitant sales staff expenses, highlighted by ROb Terry and more recently the ex founder member of the company, year on year share deficits despite having cutting edge technology, over reliant on company boss personal coffers to prop up the company, used placing money to repay boss, shareholders mesmerised into again 'bailing the company out of jail' having bought the pup " we're on the way forward boys"....right!!!. Unlikely to have generated enough business revenues to see of debts for 2/3 years. Refusal to seek significant business partners now clearly representative of the management narcissistic approach to their technology business that is now clearly showing its defeciencies. Rydilan who genuinely went overboard with his ' break even' prospect prior to the results and skilfully muted by the management ( fell way short of expectations) further illustrating a ' blind leading the blind' ideology or more to the point, a discombobulated business environment in which the phrase " winging it" wouldn't be out of kilt.
Take this investing lesson for when you can muster some bread to invest ..... " Be passive when others are angry....and their words will eventually hang them ( metaphorically speaking). The LSC board are very professional and should be commended for tacking deformation, hostility, false accusations and incitment. The best investor site by a country mile.
You're cracked "the work life balance" brilliant, love it. See, I gave you dudes heads up on the hot shares ages ago but you spent too much time pontificating. Fortune favours the brave my brother. Anyway, let's get back to the rise and rise of IMTK.
Oh your powers of deduction are amazing. I'm down in WTG with a poor average ( which I've stated many times before) . You can't win them all guys, but it s best not to pretend everyone's a winner. Anyway I'm (busy) now boys, will write a chunky piece on here or Watchstone later. Lovely whether .....in Canary Wharf in the little park with a sherbet !!!!!!
Hi Guys One person who has no shares but plenty of time on his hands and the other holder desperate to see the doubters proved wrong. There's not much happening or likely to happen for about 18months at which time it will be sink or swim. I'm still in but greatly reduced boys. Be Kool and avoid exasperation. If Cloudtag at 5p is a spike or Koovs at 35p then ill have some brothers. Be Kool brothers!!!