Ann: Market Update, page-266

Wow what a day, such a left of field announcement, no one expected that at all.

Good to see it bounced off 2.9c support and pushed back up to 3.8, close at 3.5c support/res level which is good.

Seems, as others have said that the potential client had certain demands that IAM essentially rejected, this is quite a good thing, IAM aren't there to be pushed over.

Does really suck, doesn't look good but what can you do, they were in discussions and had to go into a halt until the discussions were complete (one way or another) it's done now.

I do not believe it is Sentry as they would have stated as such, same with NAB as they were known entities dealing with IAM and would have been mentioned, same regards to if something changed with those deals then they would outright say so as Patrick mentioned in the interview, so if they nothing specific in that regard it's business as usual and still going.

Roadshows are coming next week and still certainly more positive news to come with that.

Still increased clients to 18 from 9, reduced overall costs of their business whilst increasing staff hires, increasing clients and there will be more soon enough.

Startups have teething problems and we are just witnessing that for ourselves that many successful startups go through in the private sector but without the share price fluctuations.


I'm not selling anything, I bought more myself at 3.3 and will add more as well.

My targets are those Milestones and the $40m cumulative NPAT by June 2019

Look forward to the Investor Roadshow and hearing from management, who will certainly be questioned about this and hopefully get some further clarity and answers as well as further news and progress of the business going forward.

Listen to yourself, not others and do your own research and analysis to buy, hold or sell.

Cheers