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The reason for the drop in share price is simply the lack of trading ahead of news. MMs very happy to drop the price on slow trading. Once the news is out, which can only be a matter of time, this will recover quickly. In the meantime I'm happy to wait and hope to catch the bottom to top up... All profit for me here which is unusual, so very happy to be patient. Deals take time to negotiate and I suspect here (opinion) it will be a complex one to share in future upside.
Give your chops a rest blue.
This isn't something you can just throw on ebay.
The legal requirements & the needs of the business are all taken into account. They may have found a buyer months ago but the drawing up of contracts and the legal teams hammering out negotiations takes a long time. Not to mention the NDA that will be in place. -That's a non disclosure agreement Blue . Not allowed to talk about the sale or the progression of said sale until it has been completed. Stop trying to knock it just because you haven't heard. Your £250k evaluation is Ludacris. Your mums house where you still live is probably worth more than that
Ok tecknicoloured dream coat I’ll behave let’s see where the share price ends up.
1p on the way.
Behave Blue. The company will have done market research on the need for StoneChecker before they invested time and money developing it. Companies often license out non-core products and most likely is that during the course of development the Company has refined the markets it wants to target. StoneChecker is an outlier in terms of the markets it wants to focus on so they are looking to partner or sell it. These things take time to do correctly and as a main listed business it has do be done with proper due diligence.
lol
It’s highly unlikely that management have now decided to hold on to stonechecker after stating in a news release that they want to sell stonechecker. That kind of indecisiveness would cause complete confusion and unrest with shareholders. What is more likely is that the golden goose turned out to be a ugly duckling that no one wants unfortunately.
Hi there, I have been recently interested in IQ-AI so I listen to all the interviews and read the annual an interim reports carefully. From what I read here, everyone would love a sale of StoneChecker and this was also emphasised by David Smith in his latest interview. However, could it be considered that they might have realized that the product had a strong interest and that they might want to keep it in their portfolio? Indeed, from their 2019 interim report, it is clear that revenues are starting to kick in and so, in the long run, maybe StoneChecker could provide them with an additional good stream of revenues.
Also, it could be that this was discussed here in the past and that I missed this discussion. But in any case, I would be happy to hear your opinion on that.
lol lol and thrice lol
Couldn’t agree more. Nothing on the horizon, DS has left the building (pretty much), no takers for stonechecker. Company will need to do another private placement soon to keep a float. Not looking good 1p on the way.
Danny as you have pointed out I have consistently Jan/Feb and early March is hardly pushing the boundaries! I do not thing there are a lot of shareholders here to get out on news, good or bad, most people who want to be out are out are out!
I think 80% of shareholders are here for a trade sale of IB, DS is still involved as a consultant and has not bolted as you put it! Danny thanks for your concern but I am doing ok on this but I obviously no one likes a decreasing share price.
I all ways review my investments and if I have to sell out tomorrow for whatever reason then I will the days of falling in love with a share a long gone and I have done very well with GGP this year so not all bad!
Come on Geeforce, you need to stop kidding yourself at some point and realise that you keep moving your own goal posts.
On the 31st Dec 2019 16:22 you said.
"...hopefully a quick sale of stonechecker in Jan/Feb.."
28 Jan 2020 09:32 you said
"... hopefully sale of stonechecker next month..." I.e Feb
04 Feb 2020 16:10 you said
"Expecting an update this month, Jan was abit to soon but its with the bankers who are selling this on behalf of IQAI.
I would be disappointed if we heard nothing by end of Feb..."
Now you are saying Feb/March. Not here to beat you up, but if this gives you a bit of a reality check I'm happy. I have no position here, but I've said it before and i'll say it again, I think that its a bad sign that they had no sales lined up for when Fda clearance came through and the fact they are putting it out there to sell, rather than someone making an offer is a bad sign. They wouldn't be giving up an amazing cash generating asset if it was going to bring in loads of money. Also the fact the David Smith has bolted (calling him a consultant seems to be RNS talk for he wanted to leave/fired/wont be working with us anymore). They are giving everyone a carrot with the IB products, saying that, the reason they are selling it to push that forward.
Sorry if you are going to take a big hit on this if you sell out, but better than it going back to 1p where it was in june last year.
Also, if stonechecker does sell for a price which is ok but not amazing. I would consider shorting this as everyone still here is waiting/hoping the SP will pop up on the first bit of good news so they can get out of this. The Sp could spike and very quickly come back down. What reason would it have to keep heading north with their new products in the pipeline so far away from fruition...
Why not say £1.50 and be done with it! Selling this type of niche product takes time, it is not like putting your banger on autotrader! End of this month or early March I expect to hear some news on if it has been sold or still in the process.
My new price target for Stonechecker is 250k because there’s been no takers yet.