Member Info for Elartu

The 300k was definitely a sell, the price matched exactly what I was seeing when getting a quote this afternoon.

It's not really down much today, Bob.

Yesterday's end the quote was 1.65p - 1.90p with actual quote of 1.635p - 1.85p.

Right now the quote is 1.60p - 1.85p with actual quote of 1.6363p - 1.82p.

Not worth worrying about, is it?

Hi Dragon,
Your post helps considerably. Thank you very much for explaining the FDA process. Ironically, it looks as though Stone Checker getting FDA product approval is likely to benefit Feedback when they get around to running their TexRAD Lung product through the FDA process.

Good morning Shan & Draft,

Draft, as per your post, I am not forgetting Imaging Biometrics, it's just that I am not that interested in them as my main focus is on TexRAD at present. However, if you could supply me with IB's income and expenditure figures over the past 2-3 years I will endeavour to take a closer look.

Shan, I am currently only invested in Feedback. I have trust issues with one of the board members of Flying Brands which is why I was asking the posters here as to how they were expecting to get FDA approval for the Stone Checker product when the TexRAD software analytics that is core to its usage has not yet gone through the FDA approval process.

You all seem quite happy that this isn't going to be a problem but didn't elucidate as to why that was the case other than the company was working closely with the FDA. I decided not to push the matter further.

I note however Shan that you seem to think Feedback need more money (almost certainly correct) whereas Flying Brands are 'fully funded' (almost certainly incorrect). I will attempt to demonstrate why I believe you are incorrect regarding Flying Brands.

In the company's half year report the cash position as at 30th June was £5,000.

The company then raised via a placing in mid-July a sum of £500,000 to keep the lights on.

This exercise cost the company £84,000 leaving FBDU with a sum of £416,000.

It planned to spend the money as follows:

A PACS compliant software plug in for Stone Checker - £80,463.
Imaging Biometrics – cash for operational expenses - £60,000.
FDA fees for Stone Checker - £48,161.
COO's wages - £110,000.
Payment of other wages, legal fees, accountancy fees, UKLA and LSE fees, printing costs, consultancy fees, Stone Checker software trials, developing improved products - £200,000.

That's a total planned expenditure of £498,624.

Now here's the crux for me. In the last 6 months the company lost before tax £371,000. That's a loss of £61,833 per month.

So, with £416,000 raised that might keep the lights on another 6-7 months or just under 6 months if you add in the new COO's wages.

Look at what they raised, and look at the proposed expenditure. How much of it benefits and pushes the company forward and how much of it benefits the people within the company?

So, FBDU had next to no cash at the end of June and the £416,000 they received from the placing will likely last them around 6 months. Shan, I don't view this company as 'fully funded' like you say. In fact, unless Draft can show me immediate exceptional profits arising from IB, I would anticipate your board going back to the market for more cash around Christmas / New Year.

Shaz, while Tom Charlton holds his 24% I can't see an unwanted takeover happening but it is a risk. I hear Tom is a smart cookie so I can't imagine him being taken out on the cheap.

Hang on for your triple figure price. If all goes well in the next few years you might not be too far out.

Shaz, you missed the sale of 28,250 at 13:00 today.

1,831,348 shares bought - 28,250 shares sold.

And QPR have just beaten Millwall 2-0 so...

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

"At under 2p the shares are still massively undervalued imo so we need further announcements to get back to anything like fair value."
_____________________________________________________

Bob you missed the '1' that should be in front of the '2'. "At under 12p the shares are still massively undervalued..." How am I going to win our end of year price contest if you keep talking about 2p?

Seriously, the market cap is currently just £5 million. The way everything is falling into place it should be a whole lot higher.

1.635p (275k) - 1.85p (15k).

Every single trade so far is a buy.

https://www.youtube.com/watch?v=xu7sRdRrm_w

https://www.youtube.com/watch?v=iOASTmz_910

OK, I get that FBDU are cosy with the FDA and that you all believe the FDA are just a signature away from signing off the 510(k) regarding Stone Checker and moving on to starting the actual FDA procedure. But I still can't get my head around how this is about to be done when TexRAD software, which Stone Checker readily admits is the algorithm it uses "to examine heterogeneity and ‘texture’ not visible to the naked eye", has not independently gone through the FDA approval process. TexRAD currently doesn't have a completed US Patent Application, let alone a completed 510(k) process or any FDA approval. So, it still has quite a few hurdles to clear in the US.

Assuming all this is not a problem according to you guys then can you please explain to me how Stone Checker has leapt these same hurdles. Does Stone Checker have its own US Patent or is it waiting for the 510(k) process and the FDA application processes to be successfully completed before applying for one? Or is it not bothering to patent at all as Stone Checker is merely a very fancy user interface and TexRAD is the only part of it that is valuable and unique enough to warrant a US Patent?

Sorry to be a nuisance but I just can't see the wood for the trees in all this.

Ha Profit! Apart from not being qualified for the role and more ancient than the ancient mariner I'd be perfect for it.

I was an IT guy, and, yes, I have analysed and produced a couple of software systems for New Business Development teams but I'm nowhere near what they require. Besides, if I got the job I'd be obliged to stop posting here. It would be the right thing to do. I'm sure Monsieur Pantalon Marron would be pleased to see the back of me but I wouldn't want to give him that satisfaction right now.

99% of the negative sentiment we see is from one bitter old man running two avatars. Unfortunately he is rich enough to mess with the share price here and he's been doing that for a long time now. There will come a time when he no longer can. Either the good news will overwhelm his desire to see this company suffer or maybe he will drop dead. Which ever way it goes, the company will rise significantly from its current position and shareholders at that point will be richly rewarded. There is sufficient positive news across the internet to know that the company has a blossoming future ahead of it.

Stay positive friends. All things must pass.

https://www.youtube.com/watch?v=pPTHem2iu0A

Well, if the next negative thing that is produced here originates from He Who Cannot Be Named then it can pretty much be ignored as truthfulness is not his strong suit.

Honesty and integrity my ass. He should tell that to the women he has duped.

P.S. Time you told the truth on certain business web sites too. Or do I have to shame you into that old man.

Thanks for posting that Bo. I'm not at home presently and not in a position to listen to it right now but will do so later. As for Justin Waite, I've had a problem with him ever since I started listening to his weekend podcasts. He sounds like a know it all numpty on them. To begin with I thought, oh well, perhaps it's just his podcast persona but have rapidly come to the conclusion that, no, he is just a numpty.

Some of my posts on the Flying Brands board were deleted today. I posted the truth but they were nevertheless removed. Did someone with a guilty conscience have them removed or was it perhaps just a coincidence?

I don't believe in extraordinary concatenations of coincidence - Isaac Asimov.

7 or 8 customers in South Korea.

Many tens of thousands of dollars per deal.

https://www.youtube.com/watch?v=bY0_p5nSNxU

There's 250k available to buy on line - that seems like a reasonable amount.

If he keeps posting about how bad he thinks TexRAD is or starts up his negativity towards the Feedback board of directors again then I reserve the right to tell everyone here what I have on him. I don't particularly want to as I am a nice bloke by nature but enough is enough. An apology from him wouldn't go amiss either but I suspect I've got sod all chance of that happening.

We have tried but he persists on trashing Feedback and TexRAD on a regular basis. As we are unable to stop this demented old man from continuing his tirade against Feedback I felt that just for once I would bring a flavour of what he puts us shareholders through back to his own company's board. If he stops then so will I.