IAM Market Activity Discussion, page-523

I quite honestly can't believe what I've spent the last 15 minutes reading.

Inconsistent is the least offensive term I can use to describe someone who is a self-proclaimed T20 holder,  has used the ups and downs to trade the daylights out of SRT/IAM to now be free-carried but then expects Directors to either attract other substantial holders or dip into their pockets themselves to reduce/replace some of the free float with sticky money.

Obviously happy for two sets of rules to apply.  Good luck for anyone doing business with you in future .

In relation to the continued debate about reducing the free float, I don't think it's as important as a few are saying.  Companies like ALC are the exception on the ASX.  Plenty of other stocks with 'loose' share registers have succeeded by outlining their growth objectives and then achieving them.

Ultimately, IAM will be measured on our ability to achieve the known targets:
1. Convert the Sentry HOA into a binding agreement
2. Sign the second HOA with a 'household name'
3. Sign a third HOA with another large dealer group
4. Convert these into real cashflows and profits for MF to achieve his NPAT targets by 30th June 2019

If all of the above are achieved without having to issue more capital (MW has 105 million reasons to ensure this doesn't happen) then the share price will take care of itself regardless of what our share register looks like.

One example is RAP.  13 months ago RAP's share price was as low as 3.1c and it has since climbed as high as 55c to now sit at 40c.  They've had plenty of down periods despite the strong overall uptrend.

Their share register is actually not too dissimilar to ours:


NB. This is Part 1.  For some reason I can't get the second chart to fit in the same post .  Part 2 continued below.