Member Info for _Mr_Big

Better up than down.

I was the one suggesting accumulation.

Chinks of ~£10k buys coming through for second week, and sp is not dropping.

Smells of single buyer accumulation to me, but I might be wrong. Doesn't smell like P&D any more, but you never know.

Dare I say, it does look like accumulation...

Logic for a raise is that it's every AIM company's kneejerk reaction when their sp starts climbing.

It's in their nature.

There's a lot of ~£10k trades right down the middle of the spread, so either it's a placing that's being short-sold, or someone's accumulating, in which case I'd expect a few treeshakes on the way up, but sp is highly unlikely to push past 30-35p without actual news.

Unfortunately, I'm so deep in the red here, all I can do is lube up and enjoy the ride (or rather being ridden).

Buying looks like someone's accumulating...

I say we either get a placing or a TR1 by the end of next week...

I sure hope it's the latter.

Doesn't make much sense to raise now, the cost controls over the last few years were good, revenues improving, underlying products are rock solid.

Doesn't mean they won't.

The story last time was a bit different - they had a run of really bad luck & really poor mgt decisions, the sp got hammered by the main II exiting, Russia-Ukraine war and massive exodus of investors from health sector after covid. The sp was further being hammered by expectations that a cash raise would be required soon-ish, as they had, from memory, about £1.2m in the bank - still a fair amount, and, considering cash from revenues, they could have just scaled back R&D (rightly or wrongly) for a while instead of diluting.

They issued a strong RNS, claiming that they don't see the need to spend cash any time soon and don't foresee any cash issues, and as sp rallied, they screwed the shareholders with a massive dilution at rock-bottom price.

Whether raising cash at that point in time was the right decision is for us to guess, 'cause we don't have the full picture of the financials & operations at the time, but the way they've done it was borderline criminal.

And several years down the line we are still trading in 15p territory, so up to now the dilution looks like yet another feck up by the mgt.

Still holding as I hope some big pharma will just buy the IP and take the mgt team out of their misery.

So you're optimistic because they haven't screwed you over. Yet.

Want some opinions about the company management - ask folks who have been here for years.

Do you remember how the last placing unfolded? The one with 75% dilution after they RNSed that they aren't expecting any major cash outlays any time soon?

Best company on AIM based on fundamentals, but they have a long history of screwing up and screwing shareholders.

Unless there's actual news, I'm inclined to dump as soon as they hit 50p.

Either an II is finally coming aboard and it's the long-awaited re-rate into 50s, or it's an out-of-the-blue placing. Bill's screwed us over a few years ago, so why not do it again?..

0.1775*100000 is less than £18k.

It's amazing what goes for definition of "wealth" these days.

big deal would be closer to 100.

it's been reasonably well run for a while but got completely ***ed over by fda and then the only big fi that was supporting it bailed, so the company had to raise a lot of cash right into the dead market as ukraine war was kicking off. that's what took us from 160 to where we are now.

i'm kicking myself for not clicking the "sell" button at 1.60 before all the **** has hit the fan but i loaded up a bit more since then.

Need 75p to break even, but I still believe this one will fly to the moon one day. I just hope I'll still be alive when that happens.

Back to the normal downwards trajectory.

*facepalm*

IBAI going UP?????

Must be the opposite day today.

Yawn.

Wake me up when it hits £1.

Shove a firework up my arse and light the fuse baby.

Takeoff time! Up we go! Just 5p left to break even.

4's not good enough. I need 7.

Thanks Tyke.

Will stick in the bottom drawer and re-visit the next time they change their name.

Had a handful of IQAI tickets in my gambling pot - I see these are now IBAI. Can somebody please let me know if it was a 1-for-1 share conversion? Just a name change? Thanks.

PS It's an AI bubble out there Ffs - how is this not back to £10!!