2021 accounts and notice of AGM

pabenny
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Re: 2021 accounts and notice of AGM

Post by pabenny » Mon Mar 14 2022 8:31am

Let's try again to get a meaningful response:

Give current income and expenses, how long can IM survive?
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pingu_174
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Re: 2021 accounts and notice of AGM

Post by pingu_174 » Mon Mar 14 2022 9:14am

I rarely comment and i'm sure dont have nearly the amount of shares most of you have, BUT if you have such amazing insight into what might support the business why don't you do that? Offer to put soem time aside, for free, to improve the company in some way and therefore increase the value of your shareholding.

There could be an ideas thread and the ones with the most upvotes somebody in the community could implement on or for the site, it could become community run with an amount of shares set aside for each "job".
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Chadwick
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Re: 2021 accounts and notice of AGM

Post by Chadwick » Mon Mar 14 2022 10:46am

pabenny wrote:
Mon Mar 14 2022 8:31am
Let's try again to get a meaningful response:

Give current income and expenses, how long can IM survive?
pabenny wrote:
Sat Mar 12 2022 8:50am
So running costs of have been cut about £18,000 a year. That extend the life expectancy by about another year to the end of 2022.
Have you not answered your own question earlier?


Perhaps a better question is "What can be done to extend that life expectancy to 'indefinite'?"
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Chadwick
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Re: 2021 accounts and notice of AGM

Post by Chadwick » Mon Mar 14 2022 11:18am

pingu_174 wrote:
Mon Mar 14 2022 9:14am
There could be an ideas thread and the ones with the most upvotes somebody in the community could implement on or for the site, it could become community run with an amount of shares set aside for each "job".
There have been several attempts to generate ideas like this, and plenty of 'unsolicited' ideas proposed. These have ranged from rational to crazy (but maybe there's an idea in there somewhere), and from expensive to free. However they haven't ever gained any traction.

The community idea is a good one, but it requires time and knowledge on the part of the contributor, for no reward (unless you think iMutual shares are the next BitCoin...) If the activity is in any way important to the business (eg responding to queries), then it also requires a regular and ongoing commitment.
In the hey day of Richard's previous cashback company there was sufficient profit to offer a small reward to those who actively generated engagement and there were enough members to find the tiny percentage able to give enough time between them that some aspects could be run by volunteers. At present, iMutual has neither the money nor the active user base to do that. Maybe we'd hit lucky that there is someone who could do some significant pro bono work.
Last edited by Chadwick on Mon Mar 14 2022 4:05pm, edited 2 times in total.
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pabenny
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Re: 2021 accounts and notice of AGM

Post by pabenny » Mon Mar 14 2022 12:11pm

Chadwick wrote:
Mon Mar 14 2022 10:46am
Have you not answered your own question earlier?
You're right. I was hoping for some acknowledgement by management of just how bad the position is rather than just hoping things will get better. I've raised these sorts of concerns before and the response is always to deny there is problem or ignore.
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Richard Frost
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Re: 2021 accounts and notice of AGM

Post by Richard Frost » Mon Mar 14 2022 6:59pm

It would seem to me that with the Director's personal guarantee of paying cashback in place. The site can continue indefinitely. There may not be enough to pay them and the site may not have many visitors. But be reassured it will be here for you.
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Re: 2021 accounts and notice of AGM

Post by blythburgh » Tue Mar 15 2022 8:19am

Richard Frost wrote:
Mon Mar 14 2022 6:59pm
It would seem to me that with the Director's personal guarantee of paying cashback in place. The site can continue indefinitely. There may not be enough to pay them and the site may not have many visitors. But be reassured it will be here for you.
I hope so as I value the forum.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

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Re: 2021 accounts and notice of AGM

Post by Chadwick » Tue Mar 15 2022 5:26pm

Richard Frost wrote:
Mon Mar 14 2022 6:59pm
It would seem to me that with the Director's personal guarantee of paying cashback in place. The site can continue indefinitely. There may not be enough to pay them and the site may not have many visitors. But be reassured it will be here for you.
Only if the owners are prepared to foot the bill for hosting and domain registration.
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Re: 2021 accounts and notice of AGM

Post by giardap » Wed Mar 16 2022 7:48pm

Timelines for sorting this?

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Re: 2021 accounts and notice of AGM

Post by giardap » Wed Mar 16 2022 7:51pm

richard@imutual wrote:
Sat Mar 12 2022 7:09am
giardap wrote:
Fri Mar 11 2022 8:02pm
Hi., may I ask if the directors guarantee cover a members (mine) reward that has been incorrectly cancelled or is this another way of saving money?
If it's been incorrectly cancelled, then please accept my apologies. I'll admit that responses to queries have been slow at times but we will get this sorted for you
"Timelines for getting this sorted"

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