Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Morning, results just show IB are chronically under funded and it will be 2025 before we get any real traction hence TB comment judge me in 2 years re share price, disappointed PRD goal post have changed again re application, TB taking £100k salary also poor considering what he has done to SP this year.
To be fair, GE agreement was late August so won’t have much impact on 2023 figures.
I think the results are in line and it’s still good at controlling the costs.
There is an IB Zero. update ( or Downdate ? ) in the Report
IB Zero was to novel so they was asked to reapply in a different heading a year ago but we have heard nothing, did they reapply.
Cautious
No I will not stop going on about PRVs as it is very relevant. No I am not on the payroll
Zero we already know about, it has all been in previous RNS’s
I will continue to try and be honest with what I post, the good, bad and neutral. Max picked up on something which could have a big impact on the future of the company so I commented on it. Cautious you can block me if you want that is your choice as well.
Thanks, have a good day everyone
Tyke will you give up banging on about Prv’s. Constant 100-200 million and what was your forecast 50-100p per share. You’re not on Browns payroll are ya! ( seriously let’s be realistic)
Why isn’t the imaging doing more revenue, in with Bayer ( apparently global ) and GM but not seeing any benifits Why. I was under the impression we were waiting for FDA approval so the imaging could be more widely spread through out the USa, there was one submitted in May 22 Fda510k for IBzeroG, does anybody know what’s happening with that application
There’s no significant increase in revs from IB. Given that its software has been embedded in our OEM Kit I have no idea from the financials wtf TB doing for it! Revs are actually down!
This still a jam tomorrow story with chances of high returns that hooks investors in!
Usual caveats
Trek
Just picking up on something Max noticed. 2 PRD applications can mean 2 PRV’s. So in theory possibly $200m+ which would have to be before end of 2026. Now that would be nice.
We can all dream
Thanks
This was from the mid year update last year, “More than 45 different hospitals and healthcare systems are at varying stages of evaluating our software, with more sites entering the sales pipeline. This step-change in pre-sales activity is approximately a seven-fold increase over previous periods and is due, in large part, to the traction gained from our platform partners including TeraRecon (Eureka) and Bayer (Calantic). These partners have the medical expertise and marketing reach to sell our technologies into large existing installed customer bases and have ample sales and marketing resources to win clients.
It is a relatively easy up-sell for IB's partners' sales teams to activate IB's technology on platforms already being used clinically. The number of sites evaluating our software continues to increase. Thus, we are optimistic about the revenue activity and anticipate a step-change starting in the 2nd half of 2023.”
Where is the step change via easy up sells?
Sales have increased but I would say no where near what we hoped for.
No comment on share price
Stonechecker seems to be non existent now and written off.
Only good news I can see is that we are looking at the global market now not just USA.
I would see very neutral set of results regarding effect on the share price. Hopefully in May we do get some good news.
Oh well, let’s see how TB try to sway shareholders, I expect a few RNSs in the next month just so he can be positive at the AGM.
Thanks
You could argue that my dead dog could do a better job than what he’s doing from his care home.
I also noticed the lack of mention of big pharma around phase 2 talk. That was just a big lie to entice mugs like us to buy the placing being forward sold in my opinion.
Next up is the agm and I’m sure this year we will have to vote to reappoint him as the ceo. He’s not getting my vote. He’ll probably fudge it so ensure he gets reappointed but it would be fun to make him sweat abit if enough of us say no!!
Just from IQAI though ... he has his other companies that he milks
-- BB--
Who puts out an annual financial report at 3.25pm on a Monday?
Probably waited all last week for someone really famous to die to slip it out unnoticed.
I see that TB still takes his £100,000 a year.
Have you not seen the cost of living in Switzerland, bet they don't have Food Banks though.
So no mention of a large pharmaceutical maybe getting involved with phase 2 even though he was plugging that a while back. It states see video link re phase 1 and Eap, were is that
Who puts out an annual financial report at 3.25pm on a Monday. Knob
Goalposts appear to keep changing with PRD application, to be honest a long way to go, they cant be bothered to put results in a RNS, that says a lot, no shareholders letter unless on X later on.
No Fireworks!
Now we have 2 RPD designations on review with news hopefully in May .
Narrowed the odds slightly
Outlook
The new financial year has started off well, and revenue to date is higher than the comparable period in 2023. If this trend continues, we expect to exceed last year's revenue.
Does he mean personally or the company. Again lots of ifs and but. Doesn’t really justify screwing everyone over at the beginning of the year. Funny how they said the proceeds of the placing was going towards the eap now they’re saying their begging charities for it.
23. Prior year adjustment
The accounts have been restated in order to take out a loan to Mike Schmainda that had should have been written off when Imaging Biometrics was acquired.
(last paragraph of report)
-- BB --
I see that TB still takes his £100,000 a year.
-- BB --
Recent years Results have been in April except Covid delay 2020 when it was announced that it would be late .
Gee
I agree TB has to produce something to quell the dissatisfaction. PRD if it is not just a box ticking confirmation then we have been truly misled. Hopefully results tomorrow or Wednesday
Thanks
Agreed PRD is not a given but when you read the first 2 paragraphs of the financial highlights of interim accounts Trevor has boxed himself into a corner with his comments, accounts are not difficult to produce, that’s why I think they are waiting for something positive to go with them and we are due the shareholders letter which will be interesting!
Let’s not get to hopeful on the Prd just because it was in a Rns doesn’t mean we are by anyways guaranteed receiving it. The fact it had to be resubmitted looked quire unprofessional
I’ve now become so wary of anything TB says due to his financial shenanigans.
He will say anything to benifit his finances without it seems any regulatory comeback on him
Morning, personally think results will be neutral, not much different to previous accounts and herein lays Trevor’s problem after what he said in interims back in August 23, Trevor needs something positive to sweeten the news, PRD application being successful will be one of them and they will want to include that with accounts, hopefully it will be this week.