Frontier Ip Share Price (FIPP)

...ignore! Been in my Watchlist but today I ditched Johnson Matthey at a loss and started a position here. Vrtually nobody realizes how valuable IP can be to own but its time will come and AI may well emphasize that.

Hi Rivaldo, you follow this company closely. What do you think do they need additional funding this year or is there enough cash until the IPO of Alusid? Thx.

Further to my prior post, Diagen.AI actually raised CAD$1.5m in Q1 as announced on March 6th:

Https://diagen.ai/diagen-ai-inc-announces-unit-financing-and-appointment-of-davidson-company-llp-as-independent-auditor/

In the press release they also state they intend to IPO "later this year":

"The Company will execute future ongoing rolling closings periodically, with a final closing early Q2 of 2024. Use of proceeds of the financing are for general working capital, completion of the Company’s audit and launch of the Company’s intended go public transaction later this year."

Today's RNS that FIPP holds a 4.26% stake in Diagen AI Inc., which has announced a collaboration with FIPP's investee TVG, sounds encouraging at first look if not hugely significant.

But if you then look at Diagen's investor slide deck, slide 23 reveals that they are completing a pre-IPO round and are looking to go public in this Q2.....

In which case, at North American valuations, a 4.26% stake might be reasonably material to little ol' FIPP.

Now there's many a slip 'twixt the cup and the lip, as old people would say - and earlier in the slide deck it mentions listing in Q1. Nevertheless Diagen seem keen to list at the earliest opportunity.

Note that Neil Crabb is pictured and mentioned a couple of times as an advisor, and TVG are listed on slides 21 and 22:

Https://investor.diagen.ai/deck

Molendotech are trialling their Bacterisk kit with the West Country Rivers Trust. This reads well:

“If successful, the methodology can be rolled out to other UK Rivers Trusts.”

Https://wrt.org.uk/innovative-river-test-for-unseen-health-risks/