Ann: Initger - Sentry Group Pty Ltd Heads of Agreement Update, page-332

As Warren Buffet says, the stock market is simply a device transferring money from the impatient to the patient.

Each to their own, nothings changed if anything the business is in a far better position now than it was few months ago, I bought more at this level.

Mathew Walker who started this whole thing with SRT acquiring Intiger still retains his 105 million substantial share ownership and clearly sees this as an investment, otherwise he wouldn't have such a large holdings when it was a shell as SRT and wouldn't have continued to retain his holdings.

June is always prime time for picking up bargains across the market.

As far as I'm concerned and from the last Investor Presentation and interview with Peak Asset, they are still well on track to achieving the Milestone Performance Shares targets with $40m Cumulative NPAT by June 2019.

Sentry have approved Intigers services and have given permission for their individual practices to engage with IAM, that's a huge positive and that will start to reflect in the Client number updates, processing numbers and revenue in future quarterlies.

NAB discussion still ongoing

Discussions still going with that last Trading Halt company

MOU company's still in ongoing discussions

Client signings increased from December with 9 to 18 in March which is a huge achievement and they are ahead of their own in-house targets and look forward to seeing the next update of client numbers signed.

The Online Portal is the game changer, which as said at the Presentations was always planned to be rolled out, even with big deals with banks and such they still need the Portal to streamline and automate their own services to clients, otherwise they are currently engaging directly all the time which is time consuming for both parties. So to those who keep providing misleading posts that it was brought in as a last minute plug in, that's quite false and illogical.

The portal was always needed regardless the size of the client and was always planned.

This should be up and fully operational soon, hopefully hear something on that as well.

Obviously sucks where the share price has fallen to, but this is not just a reflection of IAM, it's going on across the general small cap market and markets in general, when in that type of market sentiment of fear, things can escalate further with retailers selling in panic and the pro's selling for tax but also applying pressure to retailers to sell out of fear and then wipe up all the cheap shares in the aftermath.

New financial year should see not just IAM but the overall markets start to pick up and money flowing back into the small caps.

Look forward to the Podcast Interview with Chairman Patrick Canion on Monday night.

Hope every has a good long weekend and as some have previously noted, take some time away from HotCopper and enjoy life.