For readers that don't recall, I revealed a few weeks ago that the controversial businessman and founder of Quindell started to re-build a stake, via his vehicle Quob Park Estate vehicle, in Imaginatik. Here is the link:
According to well-placed sources, Quob Park Estate - which currently owns 5.36pc of Imaginatik - will likely soon announce on the regulatory news service it has bought more shares in the market.
I also understand Terry has told his brokers at Daniel Stewart to find other large shareholders in Imaginatik that are willing to sell stock at 5p a share.
City sources said Terry is looking to build a large stake, possibly up to 29pc, in Imaginatik with a view to one day making a full on takeover bid for the company.
Indeed, earlier today Quob Park Estate tweeted:
According to sources, the "strategy changes" Quob Park Estate refers to in its Tweet would likely involve replacing Imagination's chairman, Matt Cooper.
However, Cooper owns around 26pc of Imaginatik, so it's hard to see how Quob Park Estate will replace him or get him to sell.
None of the parties involved would comment.