Member Info for BOTAK

I echo adrianz compliment ,We are lucky to have a dedicated Sherlock of the caliber of El
Long may he continue in this priceless mode

Yes !

This is AIM , There all @ it !
Wake up smell the coffee and go and Boo Ho in the corner
That,s the unfortunate reality of placing unbridled belief in people who have an alternative agenda to the one they portray to the great unwashed
I consider myself lucky I took the majority of my remaining holding out @ around 12p to 8.5p, For those unfortunate enough to remain holding a substantial wedge in QFI ( then subjected to blackmail to retain what little there is left ) its not possible to re evaluate as they do not have much choice but to hang on in there and try an salvage a company that ( in reality ) never really got off the starting block , Unscrupulous CEO,s are well averse to the mindset of " The Loyal Investor " and extort as much blood as possible ( do you think QFI,s CEO has re mortgaged his house on the back of the Free point MOU ? ) before the final kiss of death / coup de grace is delivered
IMO QFI and Mike Kirk are one of the same , I honestly hope I am well off track and all will be well ( for those Loyal Shareholders who deserve @ least that and more ) for genuine guy,s like Mr Oms,BP, DP, Sam and the other peep,s who shared the trials and tribulations over the years

Of course they didn't Fyoz ,My mistake
They have loads of cash in bank dont they on the back of numerous contracts providing a sustainable revenue stream
No deramping here F,I,m just taking the wee wee out of those clowns you call the BOD,Not hard to do realy now is it,Those incompetent clowns ( That,s being kind )( have cost shareholders vast amounts of hard earned money

That RNS of -Co-Marketing & Project Development Agreement was released 7 days prior to another RNS indicating a fund raising + the words -

the Company does not receive the proceeds of the Open Offer, the Company would be compelled to seek alternative forms of finance and, without access to a form of additional funding prior to 31 January 2019, the Board considers that the Company's existing cash resources will be depleted over time such that the Board would need to consider the commencement of an orderly winding down of the business at the end of January 2019. As further described in the Expected Timetable of Principal Events, and subject to the successful conclusion of the Open Offer, the net proceeds of the Open Offer are expected to be received by the Company on 15 January 2019.
I have a lot of respect and sympathy with QFI holders ( as I happen to be one ) But do the Guy,s on here not think that the timing of those 2 RNS,s are just a teeni weeni bit coincidental and like another person posted below
,After -This is why after being business since 2004 (15 years!) they have no clients and have to urgently raise funds to stay afloat.
Do some people not find the fact that after 15 years the miracle l has arrived on QFI,s doorstep just in time 7 days before a fund raise, Not a teeni weeni bit speculative
Of course Fyoz you do not !

The preferred business model for both parties under the CMPDA is to 'Build Own and Operate' ("BOO") a facility jointly, to purchase residual streams under long-term contracts from a refiner and enter into back to back contracts with other counterparties for the supply of MSAR® fuels. Financial returns under the CMPDA are based on the respective party's contributions to bringing the project to fruition.

So how can a business model provide - Financial returns under the CMPDA are based on the respective party's contributions to bringing the project to fruition.
When QFI has to delay a fund raise ( of a paltry £2M ) due to 1 Investor not filling a form in on time

Reality Check Please

CMPDA
What is that ???
Your, having a Giraffe Fyoz

https://www.youtube.com/watch?v=P2ZsnEw9gkE

Looking like there might ( a wee might) be a case of

dahttps://www.youtube.com/watch?v=Qkuu0Lwb5EM

Comforting to see you guy,s so buoyant ,especially you Bob !
In Manchester for a few days after whistle stop jaunt around Wales,London,Toulouse ( snow and Brrrr) ,London ,Fly bk to the tropics sunday
There has always been something Big in the background,( hence our dogged determination to hang in there ) When the breakout or TO does rear its handsome head ,we will be singing AR,s name ( if he still in the hotseat )

Is he asleep : the Wheel ?

Hi Hors
Was going to mention your lcontact with IR and broken promises , But thought Id leave to You Amigo
Most of the Cac they have spouted in RNS,s would / will be covered by ( What we thought at the time ), But AR has told deliberate Lie,s to the camera , ( I think I recall around 6 months after taking the hot seat, He remarked on financials being a certain level, knowing fine well they were not of the standard he portrayed ) + other trash about TexRAD CE for Lung ,
He has to be honest, as much as possible ,Otherwise Leave ' He,s near 70 ffs ,Mega Respect for what he has achieved, But in all honesty that,s no comfort or use to, Feedback holders

That,s about it Bob -
.are they really serious about building a world leading medical imaging AI company or is it just a part time hobby funded by misled investors? I

We need to contact IR En Masse and find out , Coz another 6 months of regurgitating the same old Mierda De Toro will be suicide

Back Dateline Trev to kick some Butt

Agree adrianz, The simple fact that they do not divulge timescales or commercialisation strategy ( will sink this ship , But would AR blink ?? probably not ,as its like adrianz states,, A Hobby ) +
TexRAD Lung for lung cancer was also successfully implemented in pilot studies at 3 UK hospital's with encouraging results that warrant further investigation.
Its been implemented for the last 4 years FFS ? Further investigation wtf ? another way to describe Nuffink !
AR should be hauled up in front of the FCA by the scruff of his neck and charged with Securities Fraud should nuffink happen this next 6 months regards Alliance
It would be fantastic to receive some JV news ( with anybody ) but pushing out the same old pishh of -
We are proud to say that this year there were over 30 scientific journal and conference publications that used TexRAD in ground-breaking scientific research across the globe.

That,s all we get every few months , AR needs to demonstrate he can be honest and successful or FO and let someone else try there hand

The Rumour , Or a Rumour ?

Uncle Bob ! Good Day
The SP is very vulnerable & weak and imo will remain so until transparency on some realistic goals on TexRAD commercialisation, Although once the company has broken the current stalemate and JV,s are moving along towards an end game the sp should re rate and some ( and we will be looking back with a tight stomach on Wish Id bought more ) but until then its Hold an buy should it go down to stupid territory below 1p
As Mr Simon Sturge commented only recently -
Happy to increase my investment in this great company.
https://lnkd.in/dnGaE_n

Noel, Good Day
Not sure on the confiscating your shares ,That,s an individual broker concern if applicable , However ! , I can envisage a scenario where someone / entity ,will ,eventually do a deal on QFI,s Intellectual Property / Patent / MSAR, Top Secret Ingredients etc ( call it what you will ) , A number of us on here touched on that subject a few years ago as its a very feasible scenario ,Where as the current BOD / CEO are unable to monetize the current status of MSAR BUT the IP is worth Megabucks , What then ?

Once again Fyoz
, I bow to your steadfast belief and tenacity , Time will tell !

FYOZ
Ive read & Listened to 7 years of Bullshit from QFI from 4.5 p to 52p ,
Before anymore investment I want reality in forward projections ,, Not Cac designed to hoodwink or blackmail holders into ( Sponsor a Leech ) for ANOTHER 6 months

Im quite sure they will raise funds somehow ,Its what they do over the next 6 months that's crucial , Personally I do not have a shred of confidence that those Blood Suckers will do the right thing,
Its now 17 years since this -

http://www.frost.com/prod/servlet/market-insight-print.pag?docid=HTHR-5A5N9Z

So no point in believing in fairies

BarkingC
As your posts below states Death Spiral is an option to the BOD , But is that the last resort ,Personally I don't believe for one nano second the BOD have investor interest as a [primary focus ( that,s total Cac from past dealings ) , There own backsides are on the line regards reputation and salary

Fyoz

It states several times in that 7th December RNS -

As at 30 November 2018, the Company had unaudited estimated cash balances of approximately £1.2 million and monthly expenses of approximately £220,000 per month. The Board therefore considers that, notwithstanding the positive recent business development initiatives, should access to additional funds not be secured by the end of January 2019, the Board would need to consider the commencement of an orderly winding down of the business at that time.
+
As previously stated, the Board has considered a number of funding initiatives and, following a review of the options currently available to the Company, the Company is now making the Open Offer to Qualifying Shareholders of up to 86,220,497 Open Offer Shares to raise up to, approximately, a further £2.16 million at the Issue Price of 2.5 pence per Open Offer Share on the basis of 1 Open Offer Share for every 10 Existing Ordinary Shares held on the Record Date.

+
If the Company does not receive the proceeds of the Open Offer, the Company would be compelled to seek alternative forms of finance and, without access to a form of additional funding prior to 31 January 2019, the Board considers that the Company's existing cash resources will be depleted over time such that the Board would need to consider the commencement of an orderly winding down of the business at the end of January 2019. As further described in the Expected Timetable of Principal Events, and subject to the successful conclusion of the Open Offer, the net proceeds of the Open Offer are expected to be received by the Company on 15 January 2019.

Where does it state your view -
Not so. The open offer is the preferred method of raising sufficient funds to keep us going (hopefully prior to news that will give us better options for ongoing financing). If the offer is not successful the BoD have other plans to obtain the necessary funds. They have stated the aim of the offer is to prevent existing holders being diluted