Ann: Market Update, page-283

Hi ChrisWR,

Appreciate what you're saying and your comments, but no I haven't fallen in love with the stock, I'm quite highly experienced as an investor and stock trader and have been in SRT/IAM for almost 2 years and have traded the trends along the way.

However I also can see and understand the potential for where IAM are heading and I am more than happy to be an investor here. That's based off my own analysis and experience and understanding of it and as I said each person needs to make their own analysis and decisions based on their own research and understanding.

Current market cap is only $35m and they have $2.5m cash with another $2.2m to come by end of year with options exercised.

I think that is quite discounted, given with the Sentry deal alone last November 2016 it was valued around the $50m-$60m Market Cap.

Since then Intiger have progressed with the Sentry Pilot where they increased from the initial 6 to 15, their CEO has publicly stated to his own shareholders and company that they will be rolling out Intigers system and services nationally in 2017 once the pilot program finishes.

They increased recently their client signings from 9 to 18, which in my view is a positive.

They are developing their Online Portal system that will allow more clients that are waiting to sign up quicker and also trial Intigers services.

Opened their 3rd Offshore Processing Centre because of increased demand from clients and that office is already producing work and they had to double their full time staff because of the demand.

NAB trial is still ongoing and will be until the company states otherwise, same goes for Sentry Pilot.

ipac are clients which Charter and AMP are comfortable with ipac using Intigers services.

So with those above facts some of the negatives that have happened do not at all outweigh these positive aspects of the business. I don't think it's worth 10c yet, but I certainly think fair value is around the $50m-$60m Market Cap with what they have achieved so far, but markets over-react both up and down (9.5c on hype and now 3.5c on fear).

There was no positive spin to this announcement from me and nor do I put a positive spin on any others, I acknowledged it wasn't great, however I simply re-state the facts of the business that haven't changed. There's two sides to every coin, I wouldn't be the successful investor and trader I am if I didn't stick to how I do things that make me successful over the long term on a consistent basis.

In business deals sometimes fall through, it happens and losing 1 potential deal isn't the end of the world, the business carries on and pushes forward, it's not like they don't have some big clients already (ipacWA, ipacSA, Planwell, Sentry Group, NAB) with the 18 clients already signed up and the key will be the upcoming quarterly reports that have said to reflect the increase in clients.

I'm not in love with the stock, I was on XPE from 1.4c through to 10.5c and I cut that lose when it didn't breach 11c among other extreme problems that are far from appearing here on IAM and have done so for many other stocks.

I'm well experienced in the market, so I appreciate your comments but would suggest to focus on yourself and I'll stick to what makes me successful, but even a cake will taste bad when it's not the finished, cooked product and some simply don't have the financial circumstances or vision to withstand such teething times in a startup business, which is fine and each to their own.

But you can't ignore the core fundamentals that haven't changed that still go in favour of Intiger and simply focus on the negatives and throw out everything else, I've experienced companies that have had great promise and then start to turn sour really badly and for me Intiger is still far from that, but that is my view and each person must analyse and come to their own conclusion.

I agree it needs some wins, but a $35m Market Cap is undervalued for what they already have achieved, as noted above.