Ann: Director Appointment and Resignation, Management Update, page-66

Theres no question unless you were waiting for a lower priced entry, then timing of this announcement is frustrating.
But IMO anyone blindly assuming MW is going to dump his shares tomorrow should think again.

I mean seriously. Even if there were buyers for all the shares he has do you really think he is that stupid to give them away.

My impression of MW is he is a very proud & loyal businessman who didnt get to where he is by making silly decisions. He saw vision in MFs concept before anyone else & has backed MF right up to now. I truly believe he has made the strategic decision to step aside so IAM can bring on a new board member who may possibly open doors to markets we hadnt even dreamt of.

MW fought for shareholders prior to the RTO by convincing MF to hand over his company only to possibly regain it by achieving seemingly unachievable milestone targets... assumedly with the intent on minimal dilution to all holders including the largest current holder (himself).

Why he would suddenly wish badly on Intiger, his own investment or his fellow shareholders I cant grasp. As I said, Im confident this decision is for the best.

In support of my reasoning, I offer the following reminder back in Dec 2015...
Back then, prior to IAM being listed, MW was a non exec director in SRT who, with his considerable shareholding recognised another director who he felt was not being in the interest of the company & successfully got that director removed so SRT could proceed in the direction & work toward the RTO for Intiger.


Another reason for him to hold is based on my calcs uploaded yesterday. Which in summary based on uptake of only 10 new individual financial advisors each week, who each use IAM to generate ave 1.5 SOA each at ave $259 each would result in gross weekly income, compounding every week as follows.
$182,595/ week by 30/6/18 ($4.3m cml)
$384,615/ week by 30/6/19 ($7.1m cml)
$586,635/ week by 30/6/20 ($19.2m cml)
$788,655/ week by 30/6/21 ($80m cml)
All based on only 10 new advisors a week starting this week with 0 clients.

For the remaining patient investors, in 4 years time (if not sooner), circa $790,000 a week in cash receipts coming in, what do you think would be an appropriate MC?

Like I said, MW is a clever guy... dont you think he would wait till the shareprice reflected the unicorn vision he & MF have always shared... or alternatively hold till it paid dividends. Its hard to imagine from where we are at today yes, but on these numbers, there is still dusruptive potential even without any bonus from the Asian market.

DYOR & best of luck all believers