Immersion Tech Share Discussion Threads

[8trader] 12/12/2008 08:26

Shame you dont hold them anymore treacle !

I mean every evening when you hold a stock you do mass cuts and pastes
on old products and soon as you sell you can barely post at all :-))

[treacle28] 12/12/2008 08:25

Blue today, 0.17-0.20p, 547K buy at 0.18p.

[treacle28] 10/12/2008 17:13

Couple of buys reported today.

[iantc] 10/12/2008 16:29

well she could have sold today with a bigger loss , so getting better at the stock market game hey treacle lol.sold out of cfm at a nice loss aswell i see .should have held that one for the long term oh i forgot you dont hold longer than a t punt do you

[treacle28] 10/12/2008 12:29

The results yesterday was priced in at these levels and as outlined are in discussions with bigger players for significant contracts + Nakamichi Ace card is still there and not ruled out.

[gluefactory] 09/12/2008 19:39

Heard he might be thinking of investing in IHGP.......

[daveyjones2] 09/12/2008 18:12

just saw the 700k sell. That was treacles, bless.....

Another loss of 60% there then!!!

well done treac's, a true novice till the end ;)

[daveyjones2] 09/12/2008 18:10

ROFL - just got back and saw this.

As usual treacle screws up again!!!!!

Another loss making investment, when will he ever learn.

Just like CAPT, loses all his money ;)

Lets see whats next - btw, did he sell?

[ignatius j reilly] 09/12/2008 15:57

Thankfully it looks like no one fell for it.

[iantc] 09/12/2008 15:55

Treacle strikes again ,lol,she is in cfm and that has done nothing but go down since she turned up ,but expecting a bounce there after she has sold another t20 at a loss lol,just hope she does not turn up on any other share i own she is like the grim reaper

[dell314] 09/12/2008 15:54

erm, Treacle, where are you?

You and Pillbox seem to have gone awfully quiet.....

Rgds
dell

P.S.

Bid Price BPC 0.2
Maximum Size* 15,000

Could be a bit tough selling up, old bean!

DYOR etc.

[raiderrm] 09/12/2008 15:46

yes Dell on this occassion I would tend to agree, paper company, promising loads, having great success in paying themsleves salaries over 10x their revenues, but achieving very little and before Phily or Treacle pop up - share price says it all, may even hit a lower low than 0.18 now.

Nothing you can say or argue will change the fact the market agrees.
IMO, DYOR ect ect

[dell314] 09/12/2008 15:41

Treacle - Any chance you could keep us up to date with your trade commentary.

Do you reckon that 700k at 0.10p was a buy or a sell? Probably, MMs letting an institution buy in on the cheap, eh??

Rgds
dell

DYOR etc.

[raiderrm] 09/12/2008 15:37

RNS released - results suck as usual, nothing new, loss making - chuck these back in the draw - wont be giving me a night out after all

[dell314] 09/12/2008 15:36

Revenue £68,501

director remuneration costs totalled £951,489

Great stuff!

Rgds
dell

DYOR etc.

[treacle28] 09/12/2008 15:12

The contract with Nakamichi still not resolved but not going to give up either to get the cash back:-

'This contract with Nakamichi for supply of products was worth approximately US$12.1 over a two year period with a minimum commitment for US$5.1m.
The Company continues to resolve the matter commercially, failing which it may be required to issue legal proceedings in order to enforce its rights and safeguard the interests of shareholders'.

[treacle28] 09/12/2008 14:56

This will do me as the company is not going bust. Hopefully some buying from the directors will proceed at these very low levels.

[treacle28] 09/12/2008 14:55

Immersion Tech Annual Report and Accounts

RNS Number : 8108J
Immersion Technologies Intl PLC
09 December 2008


FOR IMMEDIATE RELEASE
9 December
2008


Immersion Technologies International plc
("Immersion" or "Company")


ANNUAL AUDITED RESULTS ANNNOUNCEMENT
FOR THE YEAR TO 30 JUNE 2008

The Company is pleased to announce the audited results of the Company for the year ended
30 June 2008. These results will be posted to
shareholders by 19th December 2008. Extracts of the audited results are set out below.
Chairman's Statement

The Company has had mixed success over the last 12 months in its progress. The setback for
the Company was when Nakamichi Corporation
Limited ("Nakamichi") failed to take product pursuant to its Supply Agreement with the
Company. As a result the Company's strategy has
evolved from supplying complete built units to supplying components. There has been some
continued interest in the Company's technology from
leading consumer electronics companies when the Company displayed its products recently at the
IFA Show in Berlin and the Korean Audio Show.
In order to minimise the cash burn the Company has streamlined its head count and closed its
operations in Singapore and China.
FINANCIAL RESULTS

The Group's loss for the year is £2,468,816 (period from 2 March 2006 to 30 June 2007 was
£2,627,005), in which it earned sales revenue
of £18,703, license revenue and interest income of £46,666 and £42,061 respectively. During
the year the Group spent £73,017 on research and
development and building a broad product range. Amortisation of intangible assets, such as
intellectual property, is £245,800 (prior period
was £234,941) for the year and the employee and director remuneration costs totalled
£951,489 (prior period was £567,850).
REVIEW OF OPERATIONS

The Technology

The Company has made progress in the evolution of the technology as follows:

Electrostatic Loudspeakers (ESL)
The product development strategy has moved from the manufacturer of complete built units
to providing components for customers to add
into their product range as necessary. This strategy has the added value of enabling customers
to specify the components which the Company
can then design and supply in reduced lead times.

Conventional Cone Speakers (CCS)
The CCS technology has evolved from large, standalone sub-woofa products to developing
smaller complete units for the consumer
electronic industry. In particular the Company has developed a sound bar for use in flat panel
TVs. The experience gained from supplying the
CCS technology into the automotive industry has enabled small components to be developed
producing audiofile quality sound.

Trade Shows

During the year, the Company exhibited its products at trade shows in Germany and Korea
where positive interest was shown for our
Company products. The Company continues to produce sample and prototypes for potential
customers in order to obtain a volume order for its
products.

Overseas Facilities

As a result of Nakamichi failing to take manufactured product from the Company, we have
decided to shut the manufacturing facility in
China. The Company has however retained a small prototype development centre where its sample
and prototypes can be produced cost
efficiently.

Our Singapore sales and account management office for Nakamichi was closed. Headcount
across the Group has been reduced to focus on
development of core products.

Nakamichi

The Company signed and executed a design, development and manufacturing contract with
Nakamichi dated 22 December 2006 ('the Supply
Agreement') for the supply of the Dragon® Hybrid ESL loudspeakers which was due to have the
first shipment in December 2007. This contract
with Nakamichi for supply of products was worth approximately US$12.1 over a two year period
with a minimum commitment for US$5.1m.

The Company completed production of more than 100 pairs of the Dragon® Hybrid ESL
loudspeakers for Nakamichi pursuant to the Supply
Agreement The first consignment of product was available for collection by Nakamichi on 10
December 2007. However, since that time Nakamichi
has failed to collect and pay the balance for the consignment and has failed to issue further
purchase orders as required under the Supply
Agreement. The Company has placed Nakamichi on notice of this contravention and has reserved
all its rights. The Company continues to
resolve the matter commercially, failing which it may be required to issue legal proceedings
in order to enforce its rights and safeguard
the interests of shareholders.

OUTLOOK

The Company continues to look for ways in which it can exploit the technology. Nakamichi
was a setback but the Company is working with
other consumer electronic companies in order to solve their audio issues.

The Company will look at other opportunities in order to preserve shareholder value within
the Company and in the meantime we will
actively conserve our cash as much as possible. The directors would like to take this
opportunity to thank our shareholders for their
continued support.

David Lenigas
Non Executive Chairman
9 December 2008

[treacle28] 09/12/2008 13:05

Had a blip then when the screen offer went to 0.50p.

[treacle28] 09/12/2008 12:31

Just imo around 100,000 shares available at 0.30p or 250,000 at 0.35p then 0.50p offer.