Member Info for roger65

The article states clearly the company is running out of cash soon and a deal is needed soon. This is why I think Patel has been brought in, to do at least one Or Two placings with some iis and secure the finances in the event a deal either takes much longer to achieve than Tim thought or the pharmas just aren’t convinced yet and Tim knows he’s got to get funding urgently, and lots of it if they’re going to have to fund the patent process themselves, to provide the data the big pharma wants to see

Yep that’s what I thought too bootnk but put Tim’s track record and the recent announcement together and the scenery changes fairly radically. If he’d appointed advisors from UBS or Lloyds or HSBC to oversee one of these so called deals I’d feel super confident. The lawyers from the likes of AZ, GSK and such would run rings around mr Patel and have a field day. I may well be wrong but I’ve got the feeling this might all have been a play to a) get the share price much higher and then b) get a load more cash in from a couple of placings. That sees the company through the next couple of years. Pis rinsed yet again. It’s just a feeling and I’m allowed a view.

Turn up for the books yesterday! Something obviously in the pipeline and not too far off

Yep bigsid that’s my thinking.

I was hoping for 30p by Christmas until this recent appointment, which suggests to me Tim does not have any deals lined up any time soon and knows he now has to move fast to get some iis on board whilst the sp is at a reasonable level before it drops back into single digits. It flies in the face of everything he Hinted at in those interviews and I’m afraid he’s got form in over promising and then delivering nothing.

Just looked in from yesterday. £100k of delayed printed sells from 13th Oct not a great sign. Someone dumping that much in a day usually means someone knows something, or thinks they know something.

I think the new NED is going to cost existing share holders rather more than just his salary. Thinking back on all the interviews, Tim stressed they didn’t need cash but he didn’t at any time say there will not be any placings and issues of equity in return for lump sums from iis. I just don’t see where the need for this extra cash is coming from. It’s been nearly 6 weeks since the patent was filed. If was ‘truly ground breaking’ and as ‘game changer’ in the autoimmune space then I think the one appointment id have expected if deal negotiations were really taking place would be the appointment of a merger and acquisitions advisor, preferably a major bank. Instead we’ve got an unknown businessman who runs his own company with his brother. Hardly the kind of big player one would wish to see representing IMM at the negotiating table. I can feel another few weeks of silence coming on and maybe the ‘deal or deals’ Tim was referring to were funding deals for IMM before year end..? This is now going to drop over the next few weeks as more people like me realise it was a bit of a con and Tim has used the recent rise to lure a couple of iis in. It’s AIM and it happens. I’ve got that sinking feeling again.

Will you apologise when one is announced then? I'll happily apologise if I'm wrong.

Unless Tim is going to give away all his options, or all the warrant holders are happy to sell them to iis or there is an issue of new equity ie a placing/dilution I am not sure how any iis can get on board, with or without Ketan's help. Anyway, paying another salary of probably £100k ish I'm sure is money well spent, esp seeing as Tim has told us the company is flush with cash. That's why we so badly need extra cash from iis.....oh hang on a mo...

Time will tell. Deal or placing first by Christmas?

Worth being aware there are apparently no current short positions on IMM. Last one closed in mid Sept. Funny that.

I hope Tim and the new NED can do an interview and reassure share holders his role is NOT to do placings, especially as Tim only recently said repeatedly in interviews no share should worry about IMM’s cash position. Not exactly the same thing I realise as just doing a placing to get some iis on board but it is semantics to say don’t worry about the cash (we’ll dilute you with placings though anyway) and then issue tons more equity. And why do they need extra cash if all the money going forward will be provided by partnership deals? IMM isn’t an expensive outfit to run and doesn’t have huge overheads. So why is this injection of ii investment needed? Needs explaining properly or this starts to look like another of Tim’s wayward publicity stunts saying one thing whilst doing another. Come on Tim, let’s hear from you. Stress once more that there will be deal/deals by Xmas and what this new appointment is all about.

Come on Bonneville, play fair. You are correctly pointing out that institutional investors own 80% but....that the largest of these is Hargreaves Lansdown, which of course is all private investors and not actually managed funds, which is what you're insinuating. II, AJBell, HL and other major platforms who own IMM shares to the tune of 72%. Bonneville knows this of course but is using his knowledge with skewed presentation of facts to his own ends.

There's a middle road in all of this and it's far more likely to be the case than the outrageously negative one OMT puts forward or the ramptastic versions posted today. I like to think I'm in the middle in that this new chap is almost certainly there to help do a placing or two but....that it might hopefully come after there has been a small deal which shows IMM has the potential to go all the way to major growth and thus even after another 200 - 300% increase in the sp that will still represent an attractive entry price for real iis eg private equity firms eg Lanstead, Riverfort and the like. No major iis such as Blackrock would touch anything like this until it has a £1bn mcap so that's for the birds.

My hope is this will see some kind of deal, probably a small licensing deal with a partner who is willing to commit some of the funding for the patent process, and that sees the sp climb higher towards 30p before any placings are completed. 30p is still a 200% rise form where we are today so would be a fantastic result in just 2 months from buying in.

Conversely, what I don't want to see is Tim try to begin raising vast amounts of money by issuing vast numbers of shares at a big discount in return for a major stake in the company before any major deals are completed. Seen it all before on AIM and normally pis get rinsed repeatedly before being squeezed out altogether.

Rookie, so they’ve hired a new NED at Lord only knows what cost to persuade iis to buy on the open market over a period of several months during which a deal or two is expected. Absolute delirium.

‘ The first step is for the NO vote to succeed. If it doesn’t, we may be left with more of the same.’

If it doesn’t we will DEFINITELY be more of the same.

Any * shares held in Treasury

“pivotal “seems to be a keyword in that r.n. s. new sentence does that mean **** or bust??

Okay rookie, let’s suppose you are right and that no warrants can be prized out of certain hands. Can you please tell me in that case how an institutional investor is going to take a steak in the company? Or are you going to seriously say on this board that you think they will be encouraged to just buy on the open market?

My feeling is it will either be a placing or two before any deals are done or that this chap has been brought on board to find an institutional investor who will take lanstead out of the equation.

Does anyone know if there are any chairs held in treasury still? I am not really sure why someone had to be brought on board as a director of the company if it was only for one or two placings. I sincerely hope it’s not the case that there have been no offers or that the offers were all just too low and that Tim in his infinite wisdom has decided they should try and go it alone and raise all the cash to pay for the patent process. That would be a catastrophic move And very quickly see investors run for the hills as Tim has no track record of success to date when he sets out major milestones for the company working by themselves. I was feeling so good about this investment until this morning. After all the specific statements from Tim about investors do not need to worry about funding. I am now starting to think maybe Tim has seriously misjudged the strength of P1 40 and the in the level of interest from the big pharmaceutical companies. He repeatedly said we did not need to worry about cash so why do we now need lots of extra money from institutional investors and taking on a new director salary in order to achieve that? It just doesn’t add up or at least not to me it doesn’t. Not yet.

Let’s hope that Tim doesn’t exercise his options and sell them on to an institution for less than 10p. That would put the cat amongst the pigeons and have everyone running for the hills sorry to mix my metaphors.

Make more money- thank you, that is a feasible explanation for the appointment. I would however raise the point that one has to persuade the warrant holders to exercise them to make the shares available for any institutional investor. Thus far even with the recent huge rise in the share price, it seems as if warrant holders are holding for something even better than the 10p mark before they let go. Anyway, going to be very interesting few weeks before Christmas.

Gourd, I think yours is an eminently sensible and balanced post and it sounds like you and I are in a similar position with regards having gone in fairly big here. I don’t expect to lose it all but it is AIM and I was hoping for news of a deal before increasing the salary costs and looking for placings but hey Ho. I still think at some point this is going to do a 100% minimum but now will rein in my expectations before Christmas. Thanks Tim, you gave me a bit of excitement these last few weeks but I knew it was too good to last.

Er…you were saying…?

Nah no real buying pressure today so me thinks he’s done.

I’ve no idea how wealthy DN is but could he/would he simply loan GDR via his open bank and the company pays the interest on it? He wdnt be responsible for paying the interest himself but loan could be secured with DN Limited as a guarantor? No dilution and sit tight and wait for good news to finally land. Too simplistic? He clearly wants a seat on the Board but can Gino and Russ continue to keep him out?

Fantasist. No such trade has shown up