Member Info for shay

"Debra Morris' loan will be secured on IMJack's unencumbered assets including its intellectual property. The terms of the loan were declared fair and reasonable by the company's independent director"........end of company....bye bye assets and IP......admin imminent

Do you have a link to this list of 'sponsoring companies'? ..........I find it very difficult to believe that they are successful with their 3rd commercial approach in 12 months..... Previously was advertising.......then Govt sponsorship.....It smacks to me of not understanding the market at all

Government funding was withdrawn (Did they actually have this?) and almost mmediately this was allegedly replaced with sponshorship - Yeah right! They are not doing any education business as far as anyone in the sector can see

What clients do they have? It's a competitive sector (that I work in) yet we just dont come across IMJ so where are they doing any business? http://www.edugeek.net/forums/virtual-learning-platforms/53864-imjack.html

At a market Cap of c. £8m these shares are a steal The worst case is that someone like GE picks them up

IMJack did not arrive at the annual trade show this week at Olympia (BETT) despite having paid for a stand. I'm afraid they are toast

Have you stopped pumping this stock?

- IMJack have tried giving the software away and now have to change their model and start charging as schools dont want advertising. Does this smack of people that know this sector? - IMJack are not one of the ten companies on the Govt approved BECTA framework - Competitors such as Fronter (now Pearson), Capita, UniServity, Studywiz, RM have more users than IMJ and they charge a fee - IMJack have been touting around the VC's for over a year and no-one is biting As for "Kwercus" addressing the facebook issue, the current providers already do and have done for years -they are "walled gardens"

Dude - It was a reminder (or should I say a wake up call) from someone who works in the industry You keep buying!

imJack, the AIM-listed online communication and collaboration platform company, has admitted that the company has insufficient cash to implement its new business model and will have to raise further funds by the end of January 2010 to stay in business. Until new funds are raised the company will have to fully use a £500k loan facility from major shareholder Jeffrey Morris to fund working capital. This will be the third time in 12 months that imJack has sought additional funds - £2.75m was raised in funding rounds in December 2008 and in June this year but with little obvious impact on improving the cash flow of the business. According to last month’s trading update from imJack, the company’s sales target of 4,000 school installations by 30 November 2009 “was based primarily on the possibility of the potential swine flu pandemic requiring the immediate installation of a universal communication platform in all schools”. No figures were provided in the trading update for the number of school installations to date. In August this year the company announced that it would move away from supplying its platform free of charge to schools to a base platform subscription charge. And last month the company announced that its “newly appointed editorial, technological and creative team” has rebranded the platform “Kwercus”. According to its trading update the company is now in advanced discussions with a major national organis