Member Info for Elartu

Hi Chaz, you are correct of course. Expenditure exceeds income by at least £65k a month so the recent fund raise is unlikely to last beyond September unless they start selling more equipment. As they haven't publicized any sales since February and the penultimate £250k raise only lasted 2 and a bit months then the next one might arrive even before September. Still TB seems happy to take ever larger holdings here for some reason. Perhaps he will take IQAI private at 1.5p or so somewhere down the line if he doesn't run out of money before then.

True G Force, he is definitely supporting the company, whether it is through confidence or necessity is open to debate. TB has another problem or opportunity coming up in the future. He already holds 29.98% of IQAI so he cannot convert all those loan notes to shares without making a bid for the whole of the company at present. Assuming he doesn't want to take the company private then he will have to have a placing in which he does not participate before he converts all those loan notes. Without such a placing I reckon he will control around 50% of all shares (I've not actually checked - perhaps you have an exact figure). So there's the prospect of a fairly significant placing to come further down the line. At least that won't be happening until towards the later stages of the loan note conversions end dates.

Well spotted G Force. It's quite amazing how often errors occur around TB. Perhaps TB is lending IQAI money because he's having a spot of bother raising the necessary cash in the market. It can't be easy to get funds at a reasonable price when you have so little in the way of income. It looks like he now has another 3 months or so to find the sales he needs before he must dip his hands into his pockets again.

Instead of trying to get a rise out of me regarding Feedback, why don't you carefully read the latest IQAI RNS and see where TB and Peterhouse are misleading the market. I appear to be the only person to have noticed it. Or, I suppose, you could just wait for the correction RNS to turn up later if you don't have the know-how.

...the market cap is minuscule because the sales are minuscule and if Trevor Brown stops funding IQAI then the bad news is the company will be broke within a few months.

The money raised by AQIA today will only last 3 months at current rate of spend so expect another raise by September / October. Bugger all sales being notified, no FDA clearance after more than a year, and Trevor Brown issuing an incorrect RNS are not good signs for this company.

P.S. TB can't even convert his loan notes without going over a 30% holding so you can expect a placing (always assuming he can find someone mug enough to buy new IQAI shares) where he doesn't take up shares at some point.

https://www.investegate.co.uk/iq-ai-limited--iqai-/rns/issue-of-convertible-loan-notes/201905290822564411A/

Wow, running out of money even quicker than I had anticipated. Sales must be minuscule. Thought IQAI could stumble on until July before requiring more cash. Seems not. Still, this latest fund raise should see them through the summer months before coming back for more in the autumn.

Anyone notice the error in this morning's RNS? I'm surprised Peterhouse didn't spot Trevor Brown's mistake. Expect another RNS later today when Trevor reads this post and checks the RNS. Just not good enough Trevor - must try harder.

Certainly crossed my mind guys. Tedious little twerp.

The Night

782k bought, 274k sold, down 10%. WTF.

https://www.youtube.com/watch?v=fQ9nQNx0KEs

I suppose you could make the argument that there is no point in releasing good news whilst there are big sellers around.

https://www.youtube.com/watch?v=yrEHDV1e460

IQAI is a Jersey registered company, why would you expect their AGM to be anywhere but Jersey?

The last time I made a note of TexRAD research sales there were in the region of 60 confirmed examples. Today I checked out a Future Processing page as there had been an indication of a change having been made to it around 7 days ago. The following (below the line) is a translation of part of the Polish page version to English. It now seems to indicate that TexRAD research sales have reached 100 (sold the century). There is also some indication that TexRAD is being modified to produce recommended pharmacological solutions relating to data obtained via TexRAD software. If all this proves to be true, then there is a lot going on behind the scenes at Feedback.
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"The TexRAD system has already proved its value in medical research and is used in a number of studies that are published in prestigious scientific journals. The research version has already sold the century to universities and research institutes around the world. We hope that in the future, the TexRAD system will be able to be used to obtain more information from clinical trials and will help researchers to understand how new medicines work."

https://www.future-processing.pl/client/feedback-medical-pl/

Important - You need to translate the Polish version as the same wording does not appear on their own English page version.

I fear not Horsford, FFP is crucifying the club. It is impossible to get within the figures they require whilst housed at Loftus Road unless we predominantly play an U23 team. London costs make the necessary savings nigh on impossible to achieve and next season will see the departure of a large number of senior players yet again.

When I started supporting QPR in my youth we were a mid-table division 3 team and now, in my dotage, I fear they are becoming one again - albeit that division 3 is now called division 1.

Yes, company shoot themselves in the foot again. Not sure which is worse watching FDBK share price or the Rangers.

Https://siliconangle.com/2019/04/08/nvidia-spins-gpus-accelerate-ai-driven-medical-diagnosis-drug-discovery/

"The open AI architecture and reference implementation is aimed at radiologists, who specialize in using medical imaging to diagnose and treat diseases. The reference implementation makes use of the Nvidia Clara AI toolkit, which provides three key AI capabilities including AI-assisted annotation, transfer learning and federated learning. Radiologists can create new algorithms, validate them, share them with colleagues and adapt them for a range of diagnosis purposes, while also ensuring the data used to train them remains secure."

I know the first 4 Bo. Who's the 5th one? :)

Hmmm! I wonder how many people get to see a copy of an RNS before it gets released.

On another point, there's a fair bit of buying going on today.

Thank you for your kind words Horsford. Here's hoping the board can put out a positive message or two between now and April 25th

Anyone remember this old Nvidia / TexRAD / Future Processing connection?

https://blogs.nvidia.com/blog/2017/11/16/detect-cancer-from-ct-scans/

Well, Nvidia announced Project Clara earlier this year and I've been keeping an eye on it.

https://medcitynews.com/2018/09/nvidia-pushes-forward-on-its-project-clara-medical-imaging-project

And the Clara healthcare platform provides a "software development kit allowing third-party developers to build applications for medical imaging."

Now Nvidia have updated the Clara platform "to make it easier for clinicians to train and adapt deep learning algorithms, while also making the implementation process smoother."

https://medcitynews.com/2019/03/how-nvidia-is-trying-to-overcome-the-barriers-for-ai-in-healthcare/

What's holding back this system?

"Data availability – more specifically, the lack of wide ranging annotated data sets – still function as a major limiting factor for training and fine-tuning deep learning algorithms."

And isn't that precisely the role of software like Cadran?

Also now "Nvidia has released a feature called Clara Deploy which enables organizations to drop in algorithms that connect with existing imaging software."

I like the look of what I'm reading tonight.

Mind you it won't make an ounce of difference to the share price unless there's an announcement.

Early Detection Innovation Award by CRUK.

https://twitter.com/FBKmed/status/1108396561812328448