Member Info for Scrodingerscat

Wigwammer how are you subsidising me exactly? Last time I checked you had to be paying £17K a year in tax to be a net contributor, so considering my last SA return I've subsidised myself thanks. You should probably not make assumptions about the partially retired, I'm still paying more through payroll working 3 day weeks than most working full time across the country. I've paid plenty into the system over the years and I really do feel sorry for the generations behind me, I have often not maximised or even used allowances towards the end of my career and have avoided being paid in dividends as well. Not exactly altruistic but certainly less bitter sounding than you. Us poor old "beancounters" eh.

Pokerchips you are uniquely irritating. On the one hand you tell me you aren't going to engage with me (I'm disappointed you didn't stick to this), then the next I'm being quoted as if I've endorsed your autobiography on hardback. Tim has been touting deals for years, it's all he's got. So if as you say (which I've always said for the record) deals only come after science and Data why are you supporting Tim coming out saying deals will be progressed this year? So now you agree with the critical consensus that there will be no deals this year and therefore investing now is not a wise move?

You're obviously an unknowing waffler as in the space of several posts you've contradicted things you've said just last week. It really would be easy to quote you and highlight this but it's not monkey see monkey do after all. Though il leave you, WW and Wildbunch to your echo chamber where everything is going swimmingly at IMM and let's thank Wigwammer especially for paying taxes just like everyone else in the country does but just because he deserves a special round of applause for it.

In fact ask him at the next AGM. I bet my house he will tell you he's not actually an employee of the company, because any advice in meetings he actually attends is supposed to be impartial because he's 100% not allowed to be involved with the day to day running or operational aspects of the business. If he is he's not independent and cannot be called one. I'm not going to explain this further you can find this information in the FCA handbook.

Wildbunch again categorically an independent is just that, what are you arguing with exactly? He is not involved in deal making or the day to day running of the business. I know this because he's an independent it says so on the website what his role is. You can copy and paste all you like the guy has 4 other directorships as an independent and nobody has denied he was brought in to strengthen corporate governance, but he simply isn't trying to negotiate deals. Independents don't even attend most board meetings for starters. What do you not exactly understand about an independents role? They are independent for a reason. Considering my entire point was that IMM needs a dealmaker you role out an independent who has no authority and was employed as the chair of the audit committee and to give corporate advice. I couldn't give 2 hoots what you think, if this is the calibre of your understanding then how the hell do you think you attending an AGM is applying pressure to a failing leadership.

Pokerchips everyone already knows you use AI to write your responses. If we wanted AI opinion we would go there not a BB. Your answers are generally waffle, tiddler really? Anyways I'm not going to pull them apart individually mainly because I can't be bothered.

Though like Lords I'm going to focus on your little throw away remarks regarding costs. So you say costs were reduced 2 years ago... Job done then. Or should a company with zero revenue focus on capital discipline consistently and the fact inflation equates to a 14% rise since then. So even with your false suggestion that this can be lumbered with R&D even though they have clearly separated out administrative costs from research tell me how did you "dig deeper" to find that information? Or as one has to assume you just made that up. So administrative costs have risen 33% as has been said previously and that's in addition to the rising cost of investment in research. AI your way out of that one.

Normally I let you have the last word, as I have several times in the past. I know full well that you are exactly the kind of guy that announces leaving a room so nobody can speak. You are changing the goalposts again as you often do, you asked me what I would have done differently, past tense being key here. Also it includes potential investors. The time to have put something forward was in line with the P140 announcement at the beginning of the year, or multiple points over the last 7 years when there was momentum in the SP.

You speak on behalf of all biotech now, yet even posters here are posting breakthrough deals that again prove you wrong on that front and show you up for all opinion and no substance.

Wigwammer all pure conjecture. Also complete nonsense you can belittle the profession but at the end of the day when businesses are failing or about to fail it's IP's who are called in, who are all either accountants or insolvency specialists that work for an accounting firm. You asked me what I would do differently I gave you an answer. Tell me how is a CMD costly, do you even know what one is? Clearly not, so I will say it can be as elaborate or plain as you like it's basically just getting your investors together and presenting them with your business plan. But you rubbish the idea even though plenty of companies do it day in day out. Afterall why bother lets just give more shares to Lanstead to sell because that has been working so well over the years.

Wildbunch nice copying and pasting but you do know he's chair of the audit committee and an independent. Deal making is a conflict of interest as an independent. Independents do not get involved in the day to day running they are appointed for corporate governance.

Wigwammer you have no idea of when I purchased my shares or how much for as I've never disclosed that information. My average is further south than you seem to indicate but yes under water none the less. Something I've never disguised and there's literally nobody invested here who isn't with the exception of Lanstead.

Regarding your previous suggestion of posturing, I did not attend the AGM as I was in Italy at the time (I even said so at that time asking for feedback from those who attended). I have also previously written to the non-exec chair and have spoken on the telephone to the Nomad so refute the suggestion of being passive here.

I'm partially retired these days and an accountant by trade and formally ex finance director of a number of private limited organisations. So what would I do differently than TM... well for starters I would never have used IMM funds to finance INC let alone pay for extension of warrants. Secondly I would never misrepresent the financial position of an organisation which is ultimately reliant on external capital for survival. I understand that there is a balance to juggle here. However you suggest and have suggested previously that TM has had no choice but that is just not true. I can point to multiple avenues of raising capital beyond Lanstead. Have IMM ever held a Capital Markets Day or published a Commercial Business Plan with Timescales and Milestones for delivery to approach investors with? Have they looked at costs, prioritised research most likely to lead to commercial revenues, taken pay cuts or salary deferrals, looked at head count and brought in a pharma deal specialist? Or did they just bring in an accountant at the end of last year with the greatest of respect to her having little to no experience in an arena, where the requirement was to multi skilled. It's glaringly obvious if P140 is as good as he says it is IMM needs a dealmaker. You defend TM but since 2018 he has managed one deal with Avion and even that could have been a better one and now it's never mentioned. So no I don't believe he has made the best choices and going by the AGM vote I'm not alone. People just don't like being misled and lied to and he has proven himself to be very economical with the truth.

Wigwammer owning a share in a company gives you rights beyond buying or selling. You seem to struggle with the basic concept that people have some faith in the science underpinning the organisation but have no faith left in how the organisation is currently being run. IMM is not TM so therefore wanting a change of leadership, questioning decisions and commenting on them can't surely be beyond comprehension.

I can vote, I can complain, I could even get a sandwich at the AGM like our good friend Wildbunch does and most importantly I can sell when I want to. No offence but I wouldn't take dealing advice from a guy who still thinks there is a 50:50 probability of great success here.

Wildbunch did you vote for or against Tim's reappointment? I voted against him and didn't need to turn up for a sandwich to do so.

lords spot on. i sometimes read some posts on here questioning my own reality. these are tim's words after all, and it seems posters don't seem to want to hold him to account to them. i don't know whether this is copeium or hopeium but whatever it is you either believe what the interims are telling us or you believe what tm has said previously during the same period. i know many are not accountants but even basic critical assessment of the interims highlight a number of discrepancies counter to tm's previous written and verbal comments. i really don't know why he is not run out of town, his time is up. the incanthera ****-up is justification enough. we just need to be prepared to start a fresh with a new ceo judging them by their results and actions. leading an organisation is results based. printing shares to lanstead, a collapsing share price and rising costs with no commercial development is not a tenable business plan.

If Tim raises again this year it's curtains for him, particularly at this level. 27% voted against him at the AGM, it wouldn't take much to force an EGM to see if the equity holders are happy with his continued leadership.

Does prove one thing though that his reasons for the raise last time are completely false. If they hadn't raised they'd already be out of cash. Unfortunately I believe that this year is just about Tim clinging on, which is just at our expense. I don't think the advancement of the science or the intellectual property will come soon enough, shareholders and the share price are now long since past his complete BS.

Lords I do agree. Though I wouldn't say IMM are in the bad basket of AIM. The R&D does seem to be moving forward. The problem has always been the commercialisation of the "progress". We don't see the data and we are told it's valuable. What exactly can be shown to potential investors without a patent even with an NDA I don't know and neither do others here. But clearly no deals still heading into August, it's clear to anyone who uses logic that there won't be one this year. Is it related to patents? Who know's, but the data won't and shouldn't be shared until they have secured the intellectual property in which case it will be a lot longer than a year before they can tempt a buyer. Big pharma simply does not take punts without research or clinical trial data.

Lords I do agree. Though I wouldn't say IMM are in the bad basket of AIM ck

The thing about promising jam tomorrow in perpetuity is that eventually people no longer believe you.

Tim has long since been at this stage, hence the large percentage voting against him. Even when most holders are apethetic at best. The likelihood now is larger holders have had enough and if he fails to deliver like he has failed every year previously then I wouldn't be surprised to see an EGM forced to remove him. I don't see printing more shares to Lanstead every time the company needs money justifies his continuing tender or that IMM would be lost without him. The more Lanstead sells the lower his support gets.

Will see what happens but I believe that nothing will happen this year, the market is saying the same thing. This also doesn't mean I'm saying people shouldn't be patient, but this is the only strategy here and if you have leadership that communicates that (or even anything) then that's infinitely better than the BS fed by the current incumbent. Deals, deals, deals fast forward 6 months and crickets. Same things said last year and the year before. Believe people based on their results and actions not their words.

This is indeed painful. Nobody is buying because still no info on the P3 and still no deals. TM could announce he's performed Alchemy but nobody believes him, thats why even with Lanstead backing him up he still got a significant vote against his reappointment. If he doesn't deliver anything in 2025 that 27% is enough to force an EGM and get him out. No more jam tomorrow, as he's already on borrowed time.

Higher oil price buys time to get production up and makes refinancing easier. I doubt OP is going down any time soon, Iran has to react meaningfully or it looks weak. They will target US military bases or an aircraft carrier. The straight of Hormuz is down to the Supreme leader now though I suspect China will be trying to prevent that happening. The UN is now old hat, we live in the new era of might is right. Expect more conflicts to surface soon. The whole world should be allowed to vote in US elections, such is the power to destabilise in Trumps tiny hands.

We used to have a couple of posters who attended the AGM. Is anyone going? Some big questions to ask Tim in person, shame as I'm on holiday in Italy next week otherwise I would have gone. As a 1M+ holder I really wanted to ask the horses mouth about the Lupus trial. It's just infuriating that not one interview he was asked this question.

What, that makes no sense. You are fixated on the present my words clearly indicated the past and present so you can solely use the present as your example because that was not said. For the avoidance of doubt Oxford English, Still -

up to and including the present or the time mentioned; even now (or then) as formerly.

No time mentioned... Check mate.

I'm not going to engage with you further, you're too dense to understand. Something something smiley faces ho hum = childs behavior.