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Bullboard - Stock Discussion Forum illumin Holdings Inc T.ILLM

Alternate Symbol(s):  ILLMF

illumin Holdings Inc. provides a journey advertising platform, which enables marketers to reach consumers at every stage of their journey by leveraging advanced machine learning algorithms and real-time data analytics. It enables advertisers to connect intelligently with audiences across online display, video, social and mobile campaigns. Its Programmatic Marketing Platform, powered by machine... see more

TSX:ILLM - Post Discussion

illumin Holdings Inc > Contact the Board of Directors
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Post by truthis0utther3 on Mar 11, 2022 2:08pm

Contact the Board of Directors

Instead of arguing with people like me you should be angry with management and the board.

Under mamagement the stock has dropped 90% after cashing out at the highs and they continue to talk about how great things are going yet they are growing significantly SLOWER THAN THE RATE OF INFLATION.

Don't get mad at me or others who sold out, get mad at management and contact the board for action.

I agree the price is ridiculous if there is value to this but the market clearly doesn't have confidence.

At these prices and with all the cash the founders have from their sales they could take the company private. At the very least, I would expect them to be very big buyers of stock.

Until I see results improve and/or them putting SIGNIFICANT $ back in I wouldn't touch this with a 10 foot pole.

If it's just a convenient salary and lifetyle compamy for them, why should others invest? Number one rule of investing im small companies is you invest in the founders and it's clear they have other priorities these days.
Comment by argon12 on Mar 11, 2022 2:27pm
I can't believe that none of the top brass has been fired. BOD exposs themselves to personal lawsuits if they  don't act in shareholders best interest. Always bet on the jockey not the horse. The CEO has clearly blundered in just about every way. Compensation model has to be redone by BOD or they will be taken to task. TD analyst is just about as dumb as the CEO.
Comment by growthnprosper on Mar 11, 2022 3:22pm
On what grounds can we sue them?
Comment by Capharnaum on Mar 11, 2022 3:47pm
Imo, that's why they should be taken off by private equity. In the public stock market, investors have no patience. Illumin has seen good sequential growth last year (over 30% per quarter), considering 70% of its revenue is derived from new customers. Existing customers that switched to Illumin have in general increased their spendings compared to the legacy platform. Considering that it is ...more  
Comment by truthis0utther3 on Mar 11, 2022 4:28pm
The ad tech space is in shambles. Multiples are contracting everywhere. We are in a different multiple paradigm with higher interest rates and cookie tracking difficulties. On that note, Acuity has no solution and is simply betting on nothing changing or being able to follow the leader.
Comment by truthis0utther3 on Mar 12, 2022 2:06pm
I think you are giving them too much credit and being too optimistic based on track record to date. They have never proven to be able to grow organically at a rate at or higher than the ad tech industry at large. All growth has occurred due to acquisition. Second, they have never proven to be able to build a self serve product and in fact promised one with illumin. Huge stretch to believe all ...more  
Comment by Torontojay on Mar 12, 2022 4:08pm
It appears as if you have a vendetta against the company. I can think of a couple reasons and it may be because  you were once an investor that lost a lot of money and now you've become disgruntled. Or, you are a short and you're hoping to spread fear and false information to the investment community in the hopes that people will sell.  I was about to discredit ...more  
Comment by truthis0utther3 on Mar 12, 2022 10:55pm
There is some irony when you claim I have nothing to offer. Maybe nothing to offer bulls at the moment but I prefer to keep it real.  Why don't you engage and refute what I wrote? I welcome it! I think I have been very fair and gave credit where it was due before and highlighted positives IF certain conditions can be met. It is very easy and lazy to just call me names instead of ...more  
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