BPP - Babylon Pump & Power

[Doris]

Excuse my noobishness but is that buying or selling? Or both combined?
Oh is it buying on the left and selling on the right?
Thats some BIG selling if it is.

I noticed the volume early today but the share price was down so i thought it was going to be a big sell off.....but to my suprise (and joy) IMI has closed UP
Ive no idea what has driven the volume today. Any thoughts? Perhaps news on the Sigma front approaching
I expected the sp to bounce off the 200MDA though, which is always good to see.

I'm taking the bait here in stating the obvious as you're being facetious GN...

From the left: time, price, volume, value.
Someone has to buy for it to be sold.

But it was interesting that when I was introducing a doctor friend of mine to the market and charts recently, she took a while to see what I meant by buying pressure and selling pressure!

Curious to see about 30m buyers took it up to .044, 10m buyers kept it there before 20m sellers took it down to .039 in just over the first half hour this morning! It always seems that someone knows something and this is seen by the selling or buying pattern.

 

[Doris]

3 December 2007
The Manager – Companies
Australian Stock Exchange Ltd

IM Medical to strengthen board
CEO to increase his equity

IM Medical Limited today announced plans to strengthen its Board by the inclusion of up to three new Directors with specific cardiovascular or pharmaceutical experience, coupled with commercial experience.

The IM Medical Limited Board currently consists of three only Directors, none of whom has specific medical experience.

“The change to a larger board will facilitate a more specific company mix of skill sets around the board table”, said the Chairman, Mr Allan Blood.

“Meetings with potential new Directors have commenced and we hope to announce the new individuals as soon as possible,” said CEO, Mr Tommas Bonvino.

“A company associated with Mr Blood in which his family trust has a minority holding and which holds shares in IM Medical Limited has also sold its shares in an orderly fashion on market late last week. In line with my confidence for the future of IM Medical, I have acquired 10 million shares off market today,” said Mr Bonvino.

“The board additions are a very positive step moving forward,” said Mr Bonvino, “as the proposed changes will give the company greater capacity to deal with the more technical medical and scientific issues before us as we continue to move forward.”

TOM BONVINO
CHIEF EXECUTIVE OFFICER

Hmm...
IMI moved up .002 last Wed after hitting an intraday high up .01 with 167m turnover. The All ords was down 60.
Then IMI closed down .003 on Thu and on Fri with 10m and 44m traded. The All Ords was up 74 and 86. The sell off now makes sense.

Today IMI looked 'healthy' again. Now for some progress reports please Mr Bonvino.

 

[stargazer]

Now what do you think is going on with this company BLOOD has sold all his shares the lot and BONVINO has acquired another 10m @0.038c.

Cheers
SG

 

[Wysiwyg]

Now what do you think is going on with this company BLOOD has sold all his shares the lot and BONVINO has acquired another 10m @0.038c.

Cheers
SG

A. Blood is better suited to his resource company, he should make way for the new board members that have direct experience and are keen to grow the company.

 

[Doris]

Now what do you think is going on with this company BLOOD has sold all his shares the lot and BONVINO has acquired another 10m @0.038c.

Cheers
SG

Curious and curiouser. (who said that?)

Blood sold his 72 million on and off market 27 Nov to 3 Dec for an average of .0389886. (His family company still has 11.6m options.) Bonvino said he bought off market so presuming he bt from Blood, this still does not account for the 167million on 28 Nov that drove IMI up to .044 unless it was intraday ramping to make a better exit SP. If not who was chasing it? Why?

Why would Bonvino spend $380k to increase his holding to 40.65 million if IMI were not a goer? He *is* the CEO. It's logical to recruit three medicos to the board. It's illogical not to have them already!

The moving average is currently at .0415 so the next few days should reveal a prescient pattern.

 

[Scuba]

Now what do you think is going on with this company BLOOD has sold all his shares the lot and BONVINO has acquired another 10m @0.038c.

Cheers
SG

Let the blood run (pardon the pun) and Bonvino get on with the job...
Alot more anouncements with Mr. Bonvino, more news = more publicity = more awareness = more bucks = more buck rogers....

 

[stargazer]

Lets hope its not swapping deck chairs on the Titanic. This may be a good thing. The market will tell us soon enough.

cheers
SG

 

[Doris]

Well IMI is green and healthy right now! Up 15%...
It stands out amongst the reds and blacks.

Bargain basement buyers have been shopping happily and this proves the adage that cash is king!

40% of my portfolio is IMI and that egg basket concept got to me today so I topped up on SDL. So much choice! So little money!

My son graduated as a doctor on Friday and I've just realized I haven't discussed this stock with him!

Now for anns on the progress of Italy's pilot program and the 200 clinics network and consumer rollout.

 

[Doris]

Ann 9:26 this morning: Cardanal Index set for world stage

Research confirming potential to be published by American College of Cardiology next year. IMI to present at ACC in Chicago in March... 30,000 cardiologists and other health experts from around the world meet to share best practices and learn of innovations.

Bonvino said: "The marketing and rollout of the CPI aspect of Cardanal was waiting for peer-reviewed endorsement of its potential. This has now happened and sets the foundations for the next stage of the company's growth."

21m traded in this first hour and it's up 6.67% but the sellers are lined up. Maybe DTs who haven't noticed the ann are profit taking.
Buyers will line up fast IMO...

 

[Go Nuke]

Yeah what a joke!

I mean as a share holder its good to see the price going up....but you cant tell me there wasn't some kind of leak yesterday with IMI up 15% withNO announcent on a day like it was!

Lucky they dont get busted for something so obvious to even a novice like me:

 

[Doris]

Yeah what a joke!

I mean as a share holder its good to see the price going up....but you cant tell me there wasn't some kind of leak yesterday with IMI up 15% withNO announcent on a day like it was!

Lucky they dont get busted for something so obvious to even a novice like me:

With IMI dropping intraday to 0.22 Tuesday it was expected for DT profit taking yesterday. The ann pre-market opening was the catalyst.

Maybe 'leaked' info caused last Thursday's aberration in volume with fear-dumping camouflaging buy-ups amid the doom and gloom market scenario:

Open High Low Close Volume
19-12-2007 $0.032 $0.033 $0.030 $0.033 42,363,887
18-12-2007 $0.026 $0.030 $0.022 $0.030 24,949,248
17-12-2007 $0.029 $0.029 $0.026 $0.026 24,478,979
14-12-2007 $0.032 $0.032 $0.029 $0.029 19,555,701
13-12-2007 $0.033 $0.033 $0.030 $0.032 27,252,937
12-12-2007 $0.034 $0.035 $0.033 $0.033 11,082,954
11-12-2007 $0.035 $0.035 $0.033 $0.033 6,907,218
10-12-2007 $0.036 $0.037 $0.034 $0.035 12,704,193

Maybe today, being a buyer's market for IMI, is a boon for patience to average down. I wish I were prepared to risk some to sell early and buy back later in the day! But with my two little grandchildren here I couldn't watch it closely.

Seems to me like another red day coming up. Cash is King.

 

[Doris]

10:13 today:

ASX Announcements Office
December 20, 2007

INTELLIHEART CONSUMER ROLLOUT GATHERS PACE

IM Medical’s cardiac diagnostic test Intelliheart will be sold through a national chain of health and fitness centres from the New Year.

The Chief Executive of IM Medical, Mr Tommas Bonvino, said today the company had signed a memorandum of understanding with Beach House Health and Fitness Centres to sell Intelliheart at more than 50 centres in the national franchise chain.

Mr Bonvino said: “This is a significant milestone for the beginning of our strategy to introduce Intelliheart into the retail marketplace through pharmacies, fitness groups, weight loss centres and other appropriate outlets.”

Until now, Intelliheart was available only through medical clinics and in workplaces where companies had funded heart checks. The Beach House rollout of Intelliheart begins in February.

Earlier this year, the privately-owned franchise operation was ranked Number 2 in the Business Review Weekly Hot 100 Franchises series after revenue growth of 132% to $18.5 million in 2006.

The managing director of Beach House Health and Fitness, Mr Matthew Kenny, said the group was planning to double the size of its network in the next 18 months with the addition of more than 40 new centres. Mr Kenny said: “We see Intelliheart as a wonderful fit for us because we are a community-based, family-based centre with customers who seek a total health improvement and
there is no more important aspect than heart health.

Mr Bonvino said: “We are delighted that such a progressive and successful group is partnering with IM Medical for the consumer rollout of our technology. It is a great fit for our product with our strategy for consumer sales.

“Intelliheart will be offered to beach House’s 60,000 existing members as well as all new members. Beach House has an excellent revenue model with memberships paid in advance with direct debit.”

Mr Bonvino said Beach House members would have their Intelliheart tests done by IM Medical technicians at their local Beach House centres.

Intelliheart, incorporating IM medical’s unique Cardanal technology, measures cardiac health on a range of different tests to provide patients and doctors with a guide to heart risk. Doctors use the results to reduce heart risk through medications, diet and lifestyle advice or other interventions.

Further information: Tommas Bonvino: 9860 0900
Media enquiries: Michael Smith 0411 055 306

 

[Go Nuke]

See now I thought that announcement sounded pretty good

So why the sell down?

Were people expecting it to be a agreement with Sigma or something? I dunno

 

[jungle]

See now I thought that announcement sounded pretty good

So why the sell down?

Were people expecting it to be a agreement with Sigma or something? I dunno

Judging by the market depth, there are a lot of people who are wondering the same. Any answers?? Is it worth living in hope?

 

[Doris]

See now I thought that announcement sounded pretty good

So why the sell down?

Were people expecting it to be a agreement with Sigma or something? I dunno

My guess is that DT vultures swooped on IMI's vulnerability this week due to market volatility, as it's a fundamentally strong stock, and are playing it. If you bt a million then a few points would be a good profit.

Sellers are deeply lined up reflecting my theory. Rather short sighted as my instinct says the panic (via US) should abate and IMI will rise sharply over the next few sessions. Greed will send it up when the pack mentality gains momentum.

I was sure right about selling early yesterday and buying back in late in the day... But I held of course.

Topping up and averaging down is mandatory for me!

 

[bruno]

My guess is that DT vultures swooped on IMI's vulnerability this week due to market volatility, as it's a fundamentally strong stock, and are playing it. If you bt a million then a few points would be a good profit.

Sellers are deeply lined up reflecting my theory. Rather short sighted as my instinct says the panic (via US) should abate and IMI will rise sharply over the next few sessions. Greed will send it up when the pack mentality gains momentum.

I was sure right about selling early yesterday and buying back in late in the day... But I held of course.

Topping up and averaging down is mandatory for me!

i have to disagree guys. the reason the market sold it down was there was no revenue ann attached.
i used to hold imi and sold out a couple of months ago so didnt get stung that much but i would give you one bit of advice.
Ring and ask the company the following.

the details of that defence contract? (how many people tested, revenue etc)
how well did the machine work when they were in italy?
why did blood sell all his shares and look at the pump that day before he unloaded?
Why were sales down in last quarter?

IMI has a good story but untilt hey start generating revenue contracts i wont be touching.
just my opinion and what i have picked up from research and i honestly help it goes well for you guys

 

[stargazer]

Hi all

If holding large quantities of this stock at this point in time one would have to be a bit uncomfortable for sure to my mind.

Each announcement has had no significant revenue news.

I think this is one of those companies that is either going to make you very wealthy if you hold plenty or send you to the wall if you are relying on this.

A good mate of mine has 5mill of them and he is not happy at this stage having bought around 4c mark. This was only a few weeks back so its a big big risk.

I hope the company does enough to get things going overseas and are accepted by that forum in March. The things take time and a certain flair is required for marketing etc.

If this product is not unique it is doomed in my opinion.

Cheers
SG

 

[greenfs]

The word 'cowboy' springs to mind when I think about some of things I hear about the board.
I made a nice profit early on when it rose from $0.018 to $0.040, but would not bother putting my toe in the water with this baby again based on what I have been hearing since I sold out.

 

[Doris]

Has anyone noticed a change in the slide of IMI in the past few sessions?

It is trying to go but with the mkt down 135 it's hard. Good buying support. No anns but something seems to have changed sentiment.


An email reply last Thursday:

The share price certainly is disappointing considering the work we have done in the last 4 months, but I guess given the current state of the market we are not alone with share price disappointment!

You would have read our announcement re Beach House Fitness Centres. They will start on Feb 1 with our product, incorporating it into their membership fee, providing each new member an Intelliheart test before they commence with BHFC. Beach House have 60,000 current members and will offer them some offer to purchase the test. They also plan on starting 40 centres over the next 18 mths with approx 1000 members per new site.

In conjunction with Sigma, we have commenced a pilot program in 3 Wodonga stores with our retail product to assess pricing , advertising and other operational issues. If this is successful it will be the final step before signing of an exclusive deal with Sigmas 1200 stores with their Embrace program.

Our management team is focussed on getting these projects plus increase in Clinic volumes up and running to ensure the company heads into cash positive territory as quickly as it can, but the commercial reality is that it has taken a little longer than we expected. But we are getting there!

Roman Najdecki

Chief Financial Officer

e:rnajdecki@immedical.com.au

www.immedical.com.au

 

[Go Nuke]

Hi Doris.

Well i cant say ive noticed much of a difference in the sp though i do hope that .02c holds up.
I can see what you mean about the sp wanting to go up but keeps getting pushed down.
Ive also noticed though (and think it was mentioned here a while back) that it seems when the general market is down, IMI is up.

I thought this was becasue its a Biostock and might be a little isolated from the current dramas surrounding finacials and commodities. Hence the reason i bought into IMI to diversify.

However, being new to the share market at the time, I had no idea that a 60% gain on a stock..was GOOD!
Now I'm sitting on a loss......guess thats learning for you

Thats heaps for posting that email. That's very encouraging news about Sigma etc, though i think IMI might have to do more than just put this equipment in a few healthclubs to boost its sp back to where it was.

I wonder what the duration of the pilot program is.

Perhaps the Sigma announcement (assuming it all goes ahead) will put a small rocket under IMI's sp.