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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Immersion Tech | ITI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.525 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.525 | 0.525 |
| Top Posts |
|---|
Posted at 10/8/2009 12:52 by spangle93 Monday's free recommendation on UK-AnaIyst.com is from GE&CRImmersion Technologies* about to go Solo On 17th July, a General Meeting of Immersion Technologies approved two resolutions which will transform this company from a small, sub critical, manufacturer of high-end loud speakers into an international oil and gas explorer and producer. With an experienced management team in control, investors should expect news on the first oil investment shortly at which point the company will be changing its name to Solo Oil. The legacy business of Immersion is an Australian producer of Electrostatic and Conventional Cone Loudspeakers. In the six months to 31st December 2008 the company generated sales of £24,000 and gross profits of £10,000 but after administrative and corporate costs the reported pre-tax loss was £307,000. On May 6th 2009 the company raised £535,000 at 0.1p and we believe that its current net cash position is £500,000. The legacy business is clearly sub-critical but its maintenance has avoided Immersion being classified as a shell, something which can cause problems for AIM listed companies. The management team that controls Immersion is headed by David Lenigas who has a successful track record in Australia and on AIM of creating and growing companies, notably in the resource sector. Lenigas runs, inter alia, Lonrho PLC, LonZim and Leni Gas & Oil and Immersion, as Solo, will be his next hydrocarbons play. While Leni Gas & Oil has a focus on Europe and North America, Solo will look at all continents although it is unlikely to operate in areas where Leni Gas already has an established presence. The management has gained approval for a broad investment approach: The Company's new Investing Policy is to acquire a diverse portfolio of direct and indirect interests in exploration, development and production oil and gas assets which are based in the Americas, Europe or Africa. Both on-shore and off-shore interests will be considered. The intention is to acquire a widely distributed mix of oil and gas development and production assets. The Company may invest by way of outright acquisition or by the acquisition of assets, including the intellectual property, of a relevant business, partnerships or joint venture arrangements. Such investments may result in the Company acquiring the whole or part of a company or project (which in the case of an investment in a company may be private or listed on a stock exchange, and which may be pre-revenue), and such investments may constitute a minority stake in the company or project in question. The Company's investments may take the form of equity, joint venture debt, convertible instruments, licence rights, or other financial instruments as the Directors deem appropriate. The Company will be both an active and a passive investor. The Company intends to be a long-term investor and the Directors will place no minimum or maximum limit on the length of time that any investment may be held. There is no limit on the number of projects into which the Company may invest, nor the proportion of the Company's gross assets that any investment may represent at any time and the Company will consider possible opportunities anywhere in the world. At this stage Immersion/ Solo must be viewed as a highly speculative investment. If one assumes that the legacy assets have a largely nominal value and are likely to be divested shortly, the company is valued at a substantial premium to its net cash position. However David Lenigas and his team have a proven track record of creating value in this sector. We will publish a more detailed note as the company's strategy starts to evolve. |
Posted at 26/6/2009 09:05 by raiderrm timely3IMO DL and KM are just doing what they do best - smoke and mirrors around new shares issues, how the hell can a "speaker" company allegedly set up to do what they do best ie maximise the technology they been shouting about and being paid hansomely for - diversify into oil, where is the "investment money" going to come from on a massive £24k, who will they be investing in? TMP LGO VGM ect ect ie themseleves ie one of the many companies DL/KM already are on the board off (the aim rules should not allow any director to sit on any other board and there should be an abosulte set in stone limit to how many shares a company can have in issue and the directors wages should be in proportion to the companies turnover and profit) - milked this "oportunity" to death time to move on to the next pot of gold. - New name new "investors" to fleece I heard someone say. Gut reaction and thoughts out loud DYOR and make up your own op - Time will tell. |
Posted at 03/2/2009 20:15 by pilly_rocks 8TraderYour post have some relevance but i dont think you tell the whole tail. I have in the past tried to ramp stocks up i hold, but now why bother. I buy knowing the risk and hold. In this current climate lots of traders/investors are losing plenty...Its painful. But in that comes a mass of sub 0.5p stocks. Some good, some ok , some awful. For example i hold in volumes over 1.5 mill these stocks. 1. MTV. 2. LED. 3. ITI. 4. LED. 5 TSE. 6 . FML in smaller quantitys. ABH, GGP, OPM All have been trashed. Some will go bust but 2-4 will come very good..I believe ITI are 1. The 1 mill buy was mine, i bought to average down. I hold about 2.8 million now at 0.5p. Still a big loss, im either throwing good money after bad or my belief will pay off. Led i think will be another winner, and althoufgh Mr Pilsworth is not on my xmas card list MTV have big potential.. We shall see So calling everyone a pump and dumper is really a little over the top... |
Posted at 05/12/2008 14:05 by dell314 Treacle - Erm, what makes you think they have millions of pounds of speakers, or is this just a lie to raise interest, whilst you sell out?Didn't you point out that they'd closed their factory due to poor sales(An RNS that I initially missed as it was misleadingly titled "change of advisor"(Probably to try and stop investors reading the bad news!). Rgds dell All IMHO, DYOR etc. |
Posted at 26/11/2008 09:58 by daveyjones2 Trouble here, and novices with £500 to waste are being caught in the trap.No response back from treacles email to ITI He lied yesterday and said they emailed him but they diodn't - getting desperate. Time to get started on the days warning to other investors that treacle is trying to exit and will do anything to encourage buying in this stock so he can make a profit. Lying is top of his list!! |
Posted at 25/11/2008 12:21 by treacle28 Capt was marked up 80% on the results before siena came out of hiding and got out of bed. Should be imo on its way to 1p next week.CIM and others who participated in the £350,000 fundraising at 1p during the summer have also kept hold of their stock as well the other holders who total around 70%. They did well gettting the placing done at 1p when the market price was 0.625p on both occassions. Maybe the new investors have looked at the accounts and can see the 6.50m worth of assets that will be recovered. Aside from the value of Whise. |
Posted at 25/11/2008 09:51 by daveyjones2 monkeyboy4 - one more negative comment and you will be on treacle's fiter list lolhe is not keen on debate about one of his stocks, especially when you state facts and prove he is wrong. I give you another one or two posts and you are filtered. I prefer it, I can say what I like and treacel never comes back with any argument so makes it a lot easier to deter any would be investors from jumping into this dog with a trap laid by mm's to sucker in more novices. |
Posted at 25/11/2008 09:24 by daveyjones2 Beware here - the MM's are laying a trap for novice investors. They sell you the stock below the mid price - it's a way of enticing you in by making you think you got a bargain.It's an old school trap and most on ADVFN will know about it already, but thought I would warn you. Level 2 has not changed after treacle/chancer6's purchase, which was predictable as they do not want the stock, and it was only £70.00 worth of stock he picked up. Any news back on that email yet treacle/chancer6/smi |
Posted at 24/11/2008 13:26 by daveyjones2 Take a look at CAPT (for anyone bothering to read this thread).Avoid this like you would have avoided that - price crashed and investors lost their money. The same will happen in ITI. Good news is...if you dont invest in ITI you will be looking back thinking......WHAT A SHREWD MOVE IT WAS TO STAY OUT!! |
Posted at 24/11/2008 10:46 by daveyjones2 Still no blue here and expect red if mm's don't get their way by luring novice investors into the trap.The may drop the offer price to encourage blind investors Best avoided - and no blue here, but maybe red soon!! |
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