Member Info for Wigwammer

Yes. Excellent free cash conversion of £45m+, nav per share up from 103p to 125p, and a commitment to shareholder returns when leverage under 4x (or around £730m - hopefully two years from now)… IMO DYOR GLA

I really don’t think it it’s very much the norm.. “it's very much the norm big pharma put out there eyeing up a new product or in talks with x , y and z”

Well we’re certainly finding out who sold yesterday (and it really bothers them)… GLA

Yes for anyone with a reasonable investment horizon today may represent a good opportunity to add… But spivs who cant understand cash flow statements are unlikely to recognise this :)… IMO etc

Tim has 8m share options with an exercise price of 2p, super mouse ( as well as other options and shares)

Never claimed I did, bonzo. But I reported the following in September “ I have sold a quarter of my position this morning at a 300%+ profit. This covers my original investment at 2p plus a profit on top. The other 75% I will leave in place and run on a “free” position. So there will be no deramping from me! Good luck all IMMers! DYOR etc”

Well I’ve been repurchasing some of the stock I sold at circa 10p. In 2025 the company has made both scientific and financial progress, and now has a much extended runway to get an attractive deal delivered. The optimists got it right to this point in 2025, and I believe they will be proven right again in 2026. Not investment advice. DYOR IMO GLA etc

An additional 13 months would be a major delay. Then again, 1 month would not be. Would it, steve?

“Detailed and time consuming” discussions. It sounds like potential partners are taking it seriously. GLA DYOR IMO

The cat is out the bag. And now the bears have a long wait ahead.. “ As a result, the current cash runway now extends well into Q4 2026”

Yes do all remember lollywallys posts today. He was exactly the same when the shares were sub 2p. He owns shares but is completely incapable of owning his decision. A pointless commmentator, I’m afraid. End result : 11th September 2025, Lordlollywally wrote "In terms of IMM, for anyone bothering to read this post, I fully admit I called things completely wrong here. I didn't see a prolonged SP uplift simply from a patent being registered. And I didn't believe Tim's "year of the deal" message" … GLA IMO DYOR

The cat is out the bag. And now the bears have a long wait ahead.. “ As a result, the current cash runway now extends well into Q4 2026”

Agree 86kb. Comparing the start of 2025 with what we have now : key data verified by Jackson Labs, patent application processed with HLK, a list of pharma groups not only interested - but checking a data room, funding through to Q426. We had a similar list of naysayers prior to the shares multiplying too - some whinging about management, some who couldn’t read a financial statement, some who own the stock but can’t remember why - basically incapable of owning a decision eg lollywally. All part of the fun. GLA IMO DYOR

Lollywally was saying similar things a year ago, and the shares have since multiplied many fold. Those who predicted riches got it right, and lollywally got it wrong. Fact … “All those predicting imminent riches are speaking from hope rather than fact.”

Ah. Sorry to hear that GG. Another reason to hope we move onwards and upwards here… :)

We have already come good GG. It is next stage now :) … GLA

So a deal would be good news, and no deal would be bad news. Isn’t lolly a genius :)

That’s true validpoint. But remember it would also raise £1.4m for IMM, likely pushing the cash runway well into 2027. I suspect if an attractive deal is announced, the 70m shares would pretty quickly find a home. IMO DYOR GLA

Juxta - that is certainly not it in “black and white” and looks as though you have copied and pasted it from a website, rather than directly from the accounts. Between all the carp though, you do include a free cash flow number of -£1.9m - presumably calculated by your investment4dummies website - which is similar to my £2m estimate… Very low cash requirement at IMM, as I previously stated… IMO DYOR GLA

True enough, Alex. It is quite encouraging when the main detractors can’t read a cash flow statement though… :)