Member Info for roger65

Honestly, I’m much happier now I’m out. I managed to sell everything above 8p after the RNS was issued. Doesn’t mean I’m not seething at being lied to repeatedly. AIM conmen should be taken to task for what they say in interviews when it turns out to be an irresponsible stretch of what’s feasible. I’m now just waiting for the price to drop further and will consider carefully how serious anything said in future interviews before jumping back in. If I’d held I’d really be angry. I do now have the luxury of being able to focus on other things but I’d put a lot in here with the full expectation of a deal in the next 4 weeks. My fault. I listened, believed and bought. Another lesson of what can happen on AIM. For those who choose to hold GL

‘ it’s not a good place to be’ Tim tells us, when a potential partner knows you’re up against it timewise. So WTF did Tim do exactly that by stating so obviously in September the end of 2025? He also very obviously made the false statement that any deal or potential deal could happen from any day now in that last interview when he obviously knows any company would have to do due diligence and that it would take time or “as would be expected “.

The interview tells us that no deal has been decided on. He can’t even confirm 100% what kind of deal it’s going to be and therefore I suspect no due diligence as yet been started. This is going to take months and months. You just can’t trust a word the guy says.

Megan - I know they are unreliable! I’ve been trying to explain that to certain posters who maintain they are a constant metric to be used. With all the delayed trades as well it makes it impossible to know what’s going on. The only thing you can follow is the prevailing share price and that is unquestionably down 30% from the start of the week.

I don’t know whether we should welcome more interviews or not. Tim will be at pains to stress this that and the other but unfortunately that’s exactly what he did in the Sept interviews and look how that all turned out! He’s more than capable of sitting and spouting bs so why will this time be any different?

So you think DD is underway and was confirmed in the R.N. S? MM‘s must just love retail investors like you rookie. Easy money. For them! You just haven’t got a clue and that’s sad to see. I tend to reserve the green bin for very special people and I think you’re one of those that just can’t be helped. So long.

* omission!

One glaring emission from the R.N. S was regarding due diligence. Yes, it mentioned that various parties had expressed interest, including a top 10 pharmaceutical company, and that several parties had signed ND A’s but there was no mention or confirmation that anyone has begun due diligence. I think that’s telling and that’ll be what the next interview will be to hint at without actually confirming due diligence underway. We will be told everything is progressing as one would expect and hint at it. I mislead when perhaps there is none going on.

Sorry old fruit, those were all sells. Yesterday the sp dropped by over 30% and yet LSE trade figures stated £200k more buys than sells.

If you add this lot up and put them in the sell column…well, that looks far more like a 30% drop. Will we see the same tomorrow afternoon? Ooh I think so

Any idea why anyone would do that? Spend £6 on a trade that brings the sp down from 2.19p to 1.9? This is looking more and more enticing by the day to me.

MAC is tiny and presents the easiest RTO option for a bigger player wanting to get into the London markets, irrespective of the existing investment in Weardale. That only makes it more sensible imv bwtfdik

And the much vaunted 'Bounce' is going really well by the looks of things.

But Bonzo - we now know categorically that you can't trust a word the CEO says in any interviews. Even the rampers have been saying it's what's in an RNS that really counts and has to be taken literally. What he says in anything else can be fanciful if he wishes and left entirely open to interpretation. If he looks like a 2nd hand car salesman, speaks like a 2nd hand car salesman and even behaves like a 2nd hand car salesman then... Big pharma won't want to have anything to do with him. Yes, they may be interested in P140 but they won't appreciate his bluffery at the negotiating table. Ooh now gentleman I can tell you this is a game changer, first in its class, a paradigm shift etc etc. BLX! They will look at the data and make their own assumptions and conclusions. Not be told what it all means to the wallet of Tim MCarthy. He's played this appallingly on behalf of IMM and its IP and of course its share holders but the man has no humility at all. His greed at securing money from Lanstead is now coming back to bite him nad many who trusted his words are now stuck in a stock that has dropped over 60% from recent highs. That's some delivery for share holders who came onboard since September. He bluffed (that's the polite way of putting it) and got it badly wrong and OTM was absolutely right in saying so. Those left holding shares need him to deliver deeds and deals, not more interviews full of spin and bs and ....yet more promises eg 'I can absolutely tell share holders to expect a deal any day from now...until the end of 2026'.

He needs to resign, not put out more crap on the internet promising people things he can't deliver.

Weird j Kemp - 'After yesterday RNS, the probability of a full takeover seems to have increased. Why does IMM BoD put cultural alignment front and centre? why the statement about long term synergy? ' I took that to mean that a full buyout was definitely not on the cards. they even stress they are looking for a licensing partner. If it's a full take over then cultural alignment doesn't matter because IMM would be out of it for good.

Tim has certainly over stated the case, over promised what he can deliver and underestimated how long and how difficult securing a deal can be. Not a syllable of apology however for misleading the market. Cultural alignment - ok so we're looking for a partner with greed and self interest at the heart of their approach.

86KB you have joined the 2 sentences into 1 to suit your own purposes. Why would they not have used the word 'and' between them to express what precisely what you are interpreting as fact? i don't question that top ten pharma have expressed an interest, but I do question how that interest has been expressed, and the separation of the 2 sentences suggests the two statements are NOT linked. We will just have to agree to disagree.

Well I’m impressed by the utter faith and belief some have for every syllable Tim utters.

86KB - see my post below. The RNS does NOT confirm any top ten pharma is STILL interested, involved in discussions or that they are one of the ‘parties’ that have signed the NDA to access the data room. It’s cleverly put together to give an impression, whilst actually obfuscating what the true situation is.

Personally I think Avion having a hold on rights in the US has complicated matters and possibly caused an impasse? I can see a small licensing deal being put together at some point next year but no idea when now…

So Wiggly, you’re basically saying don’t take seriously whatever is said outside of an RNS? Ie interviews can be deliberately misleading and that’s totally fine if it’s optimistic and confident bs…. Ah I see where Ben going wrong. There is a chasm btwn everything Tim said publicly this year right from January and reality at the end of Nov.

And Highland, sorry to burst your Bubble but… break down those two sentences you refer to. Neither is lying but the first states a top ten pharma has expressed interest…neither in this sentence or the following one does it explicitly confirm that any top ten pharma is STILL interested, at the table, or has signed an NDA. It’s clever for sure. It gives the impression of one being there but actually it absolutely does not confirm it, so Tim has his get out. It’s AIM and this is what AIM directors do. They imply - sometimes outright lie - in order to get retail to think they’re on to a winner. The only constant and reliable winners on AIM are the Company Directors.

Perhaps not in an R.N. S but in repeated interviews and which started at the beginning of 2025. It was then reiterated along with deal by the end of the year multiple times and interviews. Or are you suggesting that what he says an interview is really doesn’t count?

Which is unusually definitive — almost a lock-out phrase.

A bit like “2025 is the year of delivery’

Hey well done Tim and the team. A milestone to be justly proud of. Oh hang on a mo...

From AI - my input was ' Immupharma disappoints the market'

it states no due diligence yet started. Not sure where it got that from but it's just another humdinger for Tim to hang his professional hat on as a corporate leader. LMFAO. If no DD has commenced yet then there won't be a deal for several months, especially has Tim has now so kindly stressed they are taking the methodical approach rather than one of speed. Gawd help IMM share holders. Just how low could this go? If there's silence come end of January then I really think it could end up right back at 2p.

ImmuPharma has recently disappointed the market due to an announcement that a potential deal for its drug Lupuzor will not be reached by the previously stated end of 2025 deadline, leading to a drop in its share price.

Reasons for Disappointment

Delayed Deal: The company had repeatedly indicated that a commercial deal for its lead drug candidate, Lupuzor (for the treatment of lupus), was expected by the end of 2025. A recent regulatory news service (RNS) update clarified that while discussions are ongoing, no deal has been agreed upon, and due diligence is yet to commence, pushing the timeline into 2026.

Perceived Lack of Transparency: Some shareholders expressed frustration and a lack of trust in Chairman Tim McCarthy, feeling that he had "over promised" and shifted the narrative from a "deal by 2025" to a "stated aim 2025" to an indefinite timeline, resulting in damaged investor sentiment.

Share Price Impact: The news has caused the share price to drop, with some shareholders exiting their positions and others predicting further falls, reflecting the market's negative reaction to the delay and uncertainty.

MrRSoul - still believe all those figures even with a 30%+ drop in just a day?

NIghtmare of a CEO who is clearly out of his depth and judging by what he was saying to the world in Sept out of control too.

As would be expected. Other than by Tim obviously who didn't expect talks to be so detailed or time consuming and even back in September was boasting how a deal could be done 'any day from now'. As would be expected....those words should now be ringing alarm bells.

Not one word of apology or humility just an RNS dressing up bad news. Mentions top ten pharma or two as having 'expressed an interest..' but not in the same sentence as 'A number of parties have signed Confidential Disclosure Agreements.'. That one is cleverly separated from the previous one. This is deliberately misleading again and thus shows there is a high level of deceit going on and this particular CEo has no intention of easing off with the bs in order to squeeze more and more money out of who ever he can persuade to part with their cash. I'm glad he has no grandmothers left - or at least I assume they are dead (and doubtless squirming in the graves with embarrassment) given how old Tim is - or else I suspect they too would have been fleeced by now.

People need to think really hard here as to whether this man can be trusted having promised much for 2025 but has once again delivered nothing but hot air.

Here's another gem from the RNS

'The whole team is dedicated to securing a partnership deal that does justice to the innovation and clinical potential of P140, valuing a more methodical approach over speed, so the best outcome for shareholders can be achieved.'

As would be expected Tim back in September seemed rather more keen on speed than any methodical approach. And for the best outcome for share holders. The bare faced cheek of the man is staggering. There is an alarming similarity here between this CEO and the BODs at GDR who attempted to rinse retail investors out the company altogether by destroying all share price value. Luckily for GDr share holders finally grew a pair and voted a massive dilution down. I think TM is on a similar level to those guys so be very careful how much you throw into this, if anything. I now think any deal is highly unlikely for another 6 months. You have been given all the excuses, they're not interested in speed and doing things quickly, they only want partnership deals, deal can now happen anytime in 2026 and it's still only their expected 'aim' to get a deal done. Fully expecting another 'corporate update' come March time followed by a placing around the half way point in 2026 which will largely be to strengthen IMM's negotiating position.

6p by end of tomorrow and then 5p by end of the week? You can count on it. there's an awful lot of selling going on that has been hidden from view today. Can't think why.

Clausewitz - if you think a 30% drop is overdone then hold on to your hat because I think there’s a fair bit further to drop yet