Podcast - Friday 14th July 2017, page-251

There is a common theme in specs
Will revenue head of the next CR

I have the following problems with IAM:
1. revenue imo will not head off the next CR and it will need to be this quarter sometime. The podcast basically said still on track but wont see much last quarter - red flag imo
2. the EV here for progress to date is imo 3-5x what it should be. The undiluted share register sits at 1.1 billion shares.
3. the embellishments in past announcements gives me little faith in what is said in podcasts.
4. the stacking of the buy depth for the last 6 months from 20-50 million shares under 1c is a huge red flag (recently reduced to just over 9 million shares)

Now if you are a high risk long term holder, and you believe IAM can get to M3 and M4, then none of this matters, good luck. But if you were one of the buyers who took a position between 7c and 8c on the NAB $800 SOU, then you are already sitting at over 50% loss and the news to change market sentiment here needs to be substantial. As you say the PR machine pumping out private holder websites, clever tweets and podcast after podcast, just wont cut it.