Image Scan Share Discussion Threads

[dh180] 21/3/2014 18:24

It could just be sheep following those buys yesterday.

[amt] 21/3/2014 17:28

Interesting share price movement. If there is some news imminent then wouln't that imply insider trading.

[philjeans] 21/3/2014 12:39

Clearly little stock about so any good news here will send this into orbit!

[philjeans] 21/3/2014 11:34

Bubbling under again - had a mention perchance?

[philjeans] 18/3/2014 09:23

A couple of BUYS there - news imminent?

[peterblok] 06/3/2014 18:12

Thanks Monty and Assegai - glad you are watching our posts.

[philjeans] 06/3/2014 16:22

Sounds mildly encouraging; a lot going on behind the scenes I imagine.

[monty68] 06/3/2014 15:41

Sorry, you are quite right. Louise was to continie as CEO.
The point is that he wanted Louise on board.

[assagai] 06/3/2014 15:04

That's not entirely accurate. William Moore was/is lined up as Exec Chairman.
You have to look at the actual commercial progress of the company over the last few years..
Patience.

[philjeans] 06/3/2014 12:21

Firming up nicely now as a few brave value hunters buy the lows - me included.

Even a moderately positive statement about BOD developments and the future ambitions of this little gem will see it over 3p for a 50% jump.

Strong BUY for me. DYOR.

[peterblok] 05/3/2014 20:04

Thanks MJC. Perhaps my imagination and logic not working in sync. Would still like to hear from Assegai as to his view!!

[mathematic] 05/3/2014 11:38

Thank you mjcrocket, much appreciated.

[philjeans] 05/3/2014 11:30

MJC - many thanks - that's very encouraging.

Time to BUY methinks.

[dan de lion] 05/3/2014 11:08

MJC:-Thank you for the insight, things not quite as convoluted as has been imagined then!

[mega_trader] 05/3/2014 11:07

"My guess is that a new board will be formed to include Bill Mawer and probably Louise George (perhaps in a modified role) and that a new General meeting will be called to finalise matters. If this happens I believe it will be very positive for Image Scan."

If this DOES happen dilution looks more probable imo.

I'm surprised at the holder of 500,000 shares who hasn't been disillusioned enough to sell some and buy something else that has gone up 20-25% (the price of the spread) or more this year!

[gnnmartin] 05/3/2014 10:41

Thanks mjcrockett.
Nigel Martin

[longsight] 05/3/2014 10:36

mudbath

thanks

EDIT Having had a quick look at SDI it bears no relationship to KMK whatsoever imo. Seems interesting on its own merits - maybe - I have no time to research it properly. Excuse my references to KMK - no ramp intended whatsoever since I have no idea if KMK will achieve its strategy or not. [I hold KMK but trust me that is not a recommendation]

[mjcrockett] 05/3/2014 09:59

I can throw a little light on the situation at Image Scan. I attended the AGM on Monday. Unfortunately I had to leave the meeting after two and a quarter hours to go on to another meeting. When I left the AGM it was still in progress and issues were unresolved. I have been reluctant to post because I do not know how the meeting finished but I there are a some points I can mention.

To deal with the departure of 3 directors. Firstly, the departure of Nick Fox was expected as he has been winding down out the business for some time. Brian Emslie resigned as Chairman because it is likely that a good replacement will be available (see below). The failure to re-elect Louise George to the board was unfortunate - caused in part by the late arrival of a very large postal vote against the re-election. It seemed that most of the attendees at the meeting and all of the board were supportive of Louise and wanted her to be re-elected. It is important to note that Louise is still an employee of Image Scan but just is not on the board.....at least for the moment.

We were introduced to Bill Mawer who has been working as a consultant for the Company for the last few months. Bill has a lot of relevant experience and connections in the industry(google him for more info) and is likely to become more involved in the business. He is keen to work with the existing directors including Louise George. Had the vote to re-elect LG not failed Bill would have been put forward as part-time exec Chairman but that vote rather messed things up.

My guess is that a new board will be formed to include Bill Mawer and probably Louise George (perhaps in a modified role) and that a new General meeting will be called to finalise matters. If this happens I believe it will be very positive for Image Scan.

[daniel] 05/3/2014 09:24

I love Assegai! Please let's remember what went wrong with our cousins at TRT, where it took 6 years to stabilise the company. We must not throw out the baby and the kitchen sinks at IGE, as they did over there. What IGE needs are marketers not inventors or worst still re-inventors. We must also avoid massive and relentless dilutions. In fact, a re-orientation of the company without further dilution, will be ideal. I love low capitalised company, they offer greatest potential for recovery and shareholder value. Thanks.