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TB converted CLN's and interest into new ordinary shares therefore increasing the total number of shares in issue which he then sold to effectively maintain his same % holding. All in the RNSs.
But on past history TB will convert and sell a proportion. He generally sells the cost of the CLN he has provided.
09/12/2020 Trevor Brown 6,540,000 @ 1.50p £98,100.00 Sell
09/12/2020 Trevor Brown 2,762,500 @ 2.00p £55,250.00 Sell
08/12/2020 Trevor Brown 800,000 @ 8.50p £68,000.00 Sell
07/12/2020 Trevor Brown 1,100,000 @ 9.57p £105,270.00 Sell
04/12/2020 Trevor Brown 5,166,667 @ 10.00p £516,666.70 Sell
10/11/2020 Trevor Brown 9,950,030 @ 14.00p £1,393,004.20 Sell
Will not!
That grant was for ongoing research which could lead to commercialise of products in 2/3/4 years time, will help IB to sell current software.
Accounts to 31/12/20 turnover£255k, directors fees and salary £160, total employees 7. So if they want to push IB forward a large investment is required by a big medical company to fund R&D, sales, marketing to make the best of there ground breaking tech, otherwise it will take them quite a few years to reach profitability.
Eh, undercapitalised!
Lets all read the facts
On 06 April 2021,
Five Year NCI Award Grant to IB
“The Company's subsidiary, Imaging Biometrics, LLC (IB), has received ANOTHER award from the US National Cancer Institute (NCI). Approximately $3 million in funding begins on 15 April”
Ah Capitalised, Deramp over
>Null
Afternoon everyone, we certainly are desperate for some news, to have one trade by 1:30 pm very very poor. With all our technology, sentiment has disappeared totally. Good luck all.
All TB has to do is lend company money via the CLN route, as before, no need to convert shares and still under 30%. IB are undercapitalised and need funds to push forward, when IB will be sold is the question.
Bit over sensitive and defensive Trek. Not de-ramping and it's not my style and a random inquisitive post on an obscure bulletin board isn't going to make the tiniest bit of difference. I am just careful and cautious about entry point with small caps seemingly low on cash.
There is an issue in relying on Trevor Brown converting his loan notes as he will exceed 30% if he retains most of the resulting acquired shares as he is already on 29.35%. My understanding is he would have to make an offer if he went over 30%. So he would have to sell pretty much all the shares he acquired from conversion and, like it or not, that's obviously not going to be particularly good for the share price.
The last placing they did was a minuscule discount to the prevailing share price (see I am not deramping) and that would be a much better route imo rather than TB flooding the market with shares simply because he has no other choice to sell them unless he wants to make an offer for the Company. If he does then the share is a buy as it would have to be an offer at the highest price in the last 12 months. I doubt if he is wants to do that at this stage but who knows.
TrekMadone
Hello
Pandemic -has shifted Global medical business (HCA / UME are good examples) - "model" - (2003 -2019) - from scan and charge -(obviouslt with the Norm of patient care etc) - with "Superstar" surgeons .
Free board and lodgings in Glitzy clinics for the Surgeons - Seen it happen.
Some are talking about a fag packet sized scanner now - i(few years)- but the interpration will be 90% AI - signed off by (in the most crucial eg Cancer) Dx - by people.
Watching with interest - I don't understand trading etc
GL
‘missed something’
Missed a lot. I could deramp IQAI loads if so inclined and anyone invested here should be able to do the same or you haven’t done your RA. But as for cash well, you are barking completely up the wrong tree as to how the company has been financed and will continue to be financed.
Look at 10th Dec RNS as a clue and by all means post any questions here thereafter.
If you just want cheaper entry, close to 8 is very good. Go in 50/50 just in case.
My average is now 9 but I made a sht load here on the last run up, sold and bought back.
You don’t have to hide your intentions, we all wanna make money and see this succeed. 50p is real!
Usual caveats
Trek
Why don’t you just read the Rns and then you will realise you have missed something
But good try
Fascinating company with a lot of potential share price uplift. I'd buy but I suspect they will need to raise soon. Cash balance for year end was £478,910 and loss for the year was 717,534. So basing this year on the same cash burn of circa 60k per month they must be nearly out of cash with about 60k left unless I have missed something?
From the 2020 annual report published April this year - "At balance sheet date, the Group had cash balances of £478,910 (2019: £865,875). The financial forecasts indicate that the Group is expected to have sufficient liquid resources to meet its obligations under all reasonably expected circumstances."
Does anyone know the latest cash situation of IQAI? Tq
Simply putting all the news from the tweets in RNS form would probably make quite a big impact. A buyout would be ideal, nice and straight forward 50p per shar... done move on ??
second that and in my eyes 50p is still us getting shafted - put this damn thing on the nasdaq and let it 10 bag in a day already. Trevor is holding this back and needs to go if he won't put this on an american market
I would like 50p at least for my 685k
Why do you think that he is keeping a very low profile with IQAI ?
Why is he not pumping IQAi ?
And why is the SP staying in a very tight range for the last couple of months ?
Could be wrong but the logical answer is ....
TB is shrewd , and we probably try a T/O on the cheap ... 12-15p before selling lock stock and barrel to a major , sometime later ..imo
Roger65, realistically 20-25p we would still be under 40m with the tech we have I would like to think 50m upwards. GLA.
Hope you are right Garwool1
Any thoughts on what you would consider reasonable?
is the rule that you have to match at least the highest sp in the preceding 12 months? I could be making that up... It would have to be reasonable or it wouldn't get voted through.
What would people say to 18p a share? Still cheap as chips for what's on the cards in the near future.
TB it’s a very shrewd businessman, I think he’s waiting for a mega offer, nearly 30% skin in the game, that’s his pension pot. Good luck everyone
Afternoon everyone, very very slow days recently, one trade up to 1230. Someone needs to grab the ball by the horns and get out and display how much world-class tech we have. GLA