RE: Just added £25k24 Nov 2025 11:21
Rookie - i really hope for your sake you didn't.
This stinks. I said a while ago that it would be very telling if Tim came out with an RNS delaying any potential deal just after Lanstead were out and sure enough that's what's happened. Tim has revealed to us all that the interviews were just a play on the back of the patent news to get as much cash out of Lanstead as possible.
What's more, the RNS clearly tells us they are now not willing to commit to any timeframe for a deal other than state 2026. It also tells us there are no offers on the table as yet and certainly not for a buyout. So all these conversations taking place are for much smaller deals, licensing and partnership deals and that they can't yet even agree on one of those. I have a horrible feeling we are now talking about much smaller numbers - so much for 'chunky' - and that Avion are involved in slowing up discussions and possibly making any deal much more complicated.
Tim lied when he said a deal could happen 'from any time now'. As far as we know the Data room wasn't open then and no one had signed any NDAs and one assumes Tim would have known perfectly well any such deal would have taken at least a few weeks to negotiate and get signed. It was pure bs. He's a liar and there is now way of avoiding that fact. I can't deal with that level of dishonesty so have sold today. So much for my stupid hopes of a deal by year end and a minimum of 30p. Tim has yet again over promised and delivered a lovely Christmas present to us all of ...nothing but a drop in the share price and damaged sentiment.
I'll be back when the sp settles down but for now I'm out and hope Tim falls down a big hole in the road for lying to the market so wilfully. He deserves sweet fa from share holders. If by the time of the next AGM there is still no deal and only big promises I hope share holders will vote him out.
Tim Mcarthy cannot be trusted. This is the umpteenth time he's delivered disappointment to share holders, not only in IMM but also in his other company Incanthera. It's just the way he works. Deliver the bs, get cash in the account how ever you possibly can and then hold your hands up and say sorry, I misjudged things again but it's all still very exciting. Honest!