Thanks Readicant on relaying back David Smiths or Trevor Brown thoughts, issue was in DS last video he said no news for awhile which caused the collapse of SP, don`t think he will make that mistake again, being to honest! Big steps have been taken by the company this year and agree 2020 has the potential to be very transformational! Danny agree about our friend but you should not base your investments on BBs but they can give good information about companies to help your decision making if necessary.
CDog7, just ignore, he has no effect on what company are doing, all that’s happened is that is was pumped by twitter gang 2 weeks ago and because of no news they are selling out at a loss. SP can move fast both ways, I have held these last 2 weeks, bought a few more in fact! If you believe in products, directors, management and the end game then in my humble opinion you will do very well, just ignore the noise!
Danny, you got to be comfortable with your investment, any doubts not worth it but every share from ftse 100 to AIM carry a risk. At this point I am happy to hold but could change tomorrow if news not what I expect,TB and DS only make real money upon sale which with proven products should be at a good price, a couple of good contracts/ sales and we are off to the races!
At 30/6/19 they had £237k, since then they raised £275k and £500k so £1012, loss for 6 months to June 19 £140k so on that basis, let’s say spent £312 to end of November pushing business forward, so £700k which should get them to end of 2020 maybe into early 2021 and that’s is based on no improvement in income/sales.
TB owns his shares via freebook, per IQAI website shareholders 40% not in public hands, TB has £800,000 in loans to the company which can be converted to shares, hence my figure of £3million, hopefully news soon of the good kind!
Trevor Brown in his 70s, with at present value about £3million locked in here with shares and loans could be looking to sell? FDA approval product, IB doing well and both companies owned 100% by IQAI, approach may be in the offing or news of a tie up with another company to sell stonechecker/IB products.
Feel news next month on deals, will be 2 months from DS interview in December and that is the sort of time frame he gave, if not Jan 2020, as I said in my opinion 2020 for IQAi could be stellar, currently valued at 6million and 140 million hares in issue with FDA approval product and IB leading the field what’s not to like, ps ignore the noise!
Danny, I think IB is virtually self funding now with that $2.75 million grant over next 5 years along with sales, Stoneckecker is software based and with deals with other companies to sell software and on a saas subscription should be self funding with 12 months hopefully.
IQAI loss about £140k for 6months to June and post that they raised £775,000 so on that basis they should be ok for funds at least next 12 months, maybe 15months and at 130million shares in issue still quite low so it can move very quick with good news.
But we fell from 3.5/4p to 1p before rise, so we are just back to that now with a small increase but the company a lot further down the road. IQAI with the 2 companies are set up to have a excellent 2020 after all the hard work done this year, FDA approval, IB grant funding and other products coming on stream, sales should start to move quickly in 2020. Finally Trevor Brown and David Smith payout on sale of company which I believe can be from September 2020 onwards.
Blue , are you licensed to give investment advice? You only post on this stock and negative because before you buy back in you want it as cheap as possible and punters selling at a loss you appear to encourage this so you can buy back cheaper? This company has today a fantastic year for what they have achieved,yes I am disappointed how share price has fallen last 4 weeks but punters are chasing other stocks and drop has nothing to do with company, agree with Technickdo your research and if happy buy and hold.
Validates IB tech, $2.75mill grant money will be used for this development, 2020 should be a very Strong year for IQAI, raised £775,000 post June 19 and had current assets of £400k at period end. Therefore no need to raise funds until 2021, loss to 6months 30th June 19 £140k.
Shareholders should take a 12-18 view and should be richly rewarded on sale of IQAI, TB in 70s, DS will be with IQAI 2 years next August so from this time next year we could see a sale, also lot of newsflow will also drive share price up as well.