Feedback's new theme tune.
https://www.youtube.com/watch?v=yWCcLW08dsU
Agreed Bob, the board seem totally unaware of the effect of silence on the desire of investors to buy into a company. I know they have a project manager on board these days so here's an idea they could use (assuming they read this). Have him present the progress of all project plans to the board every month. The board should seek out the major tasks on each plan that have been completed each month and list them. Tally them up every 3 months and use them as the basis for a quarterly progress report. Publish these progress reports. The shareholder audience will lap them up. Notice I'm not asking them to do any future predictions that may slip (as is sometimes the way) but simply give the poor shareholders a view as to what has been achieved every 3 months. Not difficult really. The last time I looked, Australian companies did this sort of thing as standard. C'mon guys, don't let the colonials get one over on you.
It's certainly been awhile Chaz and I'd like to think that the strategic review might appear even tomorrow. News starvation is certainly not helping the company's market value so here's hoping we get a string of RNS's over the coming months.
And they made the short list. I just don't know how short it is.
https://twitter.com/BCloudUK/status/1139129033944326144
Check out No.99.
https://www.businesscloud.co.uk/healthtech-innovators-101
The convertible loan notes have always been converted in the past so I see no reason to assume that is going to change any time soon. And yes, there is also a tendency to extend the redemption dates which simply means that even more shares are created to pay for the 6% interest rate that the loan notes have. He will have a huge proportion of the company unless he sells the loan notes or creates a sizeable number of more shares via a placing.
No Morningstar are wrong. TB & FAB have a combined 29.98% of shares. However, TB has a significant number of convertible loan shares available to him in coming years. If he did convert them I suspect he would have more than 50% of the company which means he needs to increase the number of shares at IQAI by quite a bit before he does start to convert.
Can it be coincidence that FDBK's two biggest shareholders increase by 3 million each in the last couple of days?
https://www.youtube.com/watch?v=FOQPMjKLQQU
Tom Charlton holdings announcement just in - 86,800,000 now (increase of 3,000,000).
https://www.investegate.co.uk/feedback-plc--fdbk-/rns/holding-s--in-company/201906100928516572B/
"Now will you please stop, or I will prepare a dossier to present to LSE, ADVFN, and the FCA, as your behaviour is not acceptable."
There you go, back into keyboard warrior (bully) mode. You've already reported me to one of these groups. You told me yourself. Quite possibly, you've already reported me to more or perhaps all of them. It appears to be your modus operandi.
I'll make a deal with you. You go away for awhile then I won't have to read your nonsense every day and feel obliged to post a response to it in the interest of balance. If you were a reasonable being we could debate our differences with civility but you don't want that. You just want to shut me up so you can continue to post your never ending, unqualified positivity regarding the board of IQAI.
Of course the CLNs will run their full terms, it benefits the holders to do so. It costs them nothing more to keep them full term but they get more shares for doing so. If they took them early you should be asking yourself why? I can think of only one reason and it isn't good.
Re the loan notes and the future company speculation you persist in. You appear to forget that the money from each loan note issuance appears to last between 2-3 months only. The money is used to pay immediate bills and the staff salaries. That March money has already gone. That's why they raised more in May. And will likely need more by September unless hardware sales really take off in the next 2-3 months.
Might I suggest that I am providing figures and you are providing fluff.
• Until mid 2017 Flying Brands was a shell, with no operations.
So you were happy with the board paying themselves £50,500 for doing nothing with a shell and then more than doubling their pay to £125,000 subsequently.
• Stone Checker Software (SCS) reversed into Flying Brands because FBDU was a shell needing a business, and SCS was a business needing a shell.
The 4 million shares given to TB were valued at £120,000 at the time of the SCS transfer don't muddy that with the fact they are only worth £50,000 now. You have neglected the fact that SCS was also a company with almost no assets and a considerable debt to its name. It certainly didn't need a shell. It was a way of shifting a hugely indebted little company out of private hands and into a Plc so letting all IQAI shareholders take on that debt.
• RNS corrections are commonplace, and in IQAI's case the mistake was benign ... probably caused by a late change in the share price.
Are they commonplace? Why aren't the people issuing the RNS bothered with the details? Is it because they run a company like a private fiefdom because with a board of only 3, a Peterhouse Executive Director on the board, and one board member holding a huge percentage of the shares that they know they can get away with running it like one?
• The overall trend in revenues IS accelerating.
£163k down to £39k is not accelerating. Maybe it will be now they have sold 2 pieces of hardware in the last 6 months but we don't know that for sure yet. The bigger question is how much more do they need to sell to meet the £878,648 yearly administrative expenses?
• There is no conflict of interest.
That's just your opinion. Just as it is not mine.
At a premium? Still trying to push that story out to the masses.
March - £268,500 at 6% loan notes convertible 2024.
Each year the loan notes aren't converted the number of shares redeemed is 6% higher than the previous year.
2019 - 13,425,000 shares at 2p
2020 - 14,230,500
2021 - 15,084,330
2022 - 15,989,389
2023 - 16,948,752
2024 - 17,965,677 shares at 1.39154p.
May £250,000 at 6% loan notes convertible 2025.
Each year the loan notes aren't convertible the number of shares redeemed is 6% higher than the previous year.
2019 - 16,666,666 shares at 1.5p
2020 - 17,666,665
2021 - 18,726,664
2022 - 19,850,263
2023 - 21,041,278
2024 - 22,303,754
2025 - 23,641,979 shares at 1.05744p