Member Info for Jimzi

That's one of the problems with NSCI - its so technical you don't know whether its good or bad!!

or did they say there will be more news Re Sofant soon - about 6 weeks ago?

If CLs, no shares will hit the market as there are none until conversion.
Placement - TB dilutes himself, gives away an element of control and forgoes CL profit kicker later down the road.

One thing we all agree is TB is shrewd, in it for himself , has headroom to get back to 30% and this is his baby [and has inside knowledge]
Have a good day

Your applying bucket shop / 10% flipper placing activites that basket case companies do that is not applicable here.

1] You never get the CEO underwriting a company so as it remains a going concern
2] He has to give 2 options – otherwise it would show the preferred course had been already been decided – which it has!!
3] Unless he took the whole placing, he is diluting his powerful position – why lose / give away any control.
4] CLs are not dilutive until they are, or if they are converted. He still has around 5% in CLs and he hasn’t converted them.
5] CLs give TB total control over whole load of contingent shares thereby allowing him to optimize his significant holdings all the time – he has sole discretion as to when he converts. If things hot up, he can sell some CLs to an interested party at a big premium. Accordingly, CLs give him share issuance patronage at a time of his choosing. I do not know of any other listed company with this set up
If anyone seriously thinks he is going to subscribe to low conversion priced CLs in order to make a 10% turn when the company is in the best shape ever, then you can’t read him or IQ.
Please don’t start banding BRH about – that’s his amusement hobby – IQ is his legacy.
And did TB do any CL’s for BRH? Did he underwriter BRH? No. They are chalk and cheese.
Re Price action – 5 trades totaling 330k shares [£8k] dropped it 12% for 20 minutes. The rest were buys and the closing prices to buy was above Thursday’s close.
Remember the 7p warrants he signed up for last year – the BOD clearly thought a value event could have happened within the warrant period – it did not but it was a freeby.
Read between the lines corporate wise and understand the great opportunity tech wise.
All IMO

In Tuesday’s RNS .

If some don’t understand why this is TB’s baby or why they are/were invested, watch that proactive interview.

He’s going to underwrite the company’s future with the issuance of 2p CLs - he ain’t going to sell at 2.5 and dilute his direct and indirect holdings - he’s going for 30% direct and more indirect - that will be converted simultaneously as a liquidity event that will occur .

Anyone with a shred of investment acumen would have snapped up shares today

The FDA has now determined that the patented artificial intelligence (AI) technology contained in IB Zero G is a novel, a "first in kind", such that no currently cleared device exists that can serve as a predicate to establish substantial equivalence.

Proceeds from placing £2.5m
Half year admin expenses £2.75m

Yes, debtors very strange at £3.7m it represents the total revenue for the half year plus a bit - very poor cash managment or there is an underlying problem - creditors are high as a result and could prick the bubble if they get tetchy.

Most business would collect it and not mention an overdraft - needs explanation

say Risked fair value 190p and managed to raise funds for NSCI at 65p

So around 6%
17 plus 6 - 23
So say 250k raised CLs at 2p.
Back up to 30%.

Don't particularly agree with this method but you won't get peeps queuing up to invest in this climate at 3p I fear imo

Yes.
He has around 5% of the co in CLs at the moment. [I stand to be corrected on the exact amount as it was years ago I checked]
I see CLs at 2p equating to another 8%

Been a silly book for ages, no more than now

Over 50 is NT with IG and below that spread is 8%!

Yep, added 500k spread bet at 91.
Only one with a value event atm

Yep
1] 500k loss for 2021 - turnover doubled - double again?

2] In April 2021, a $3 million grant was awarded in collaboration with Professor Kathleen Schmainda, PhD, from the Medical College of Wisconsin (MCW). The National Institutes of Health (NIH)-funded grant will be used to validate and translate an AI model that can detect infiltrating tumour cells before they are visible on standard imaging. This would represent the ultimate in early detection.

NT to sell for nearly 2 months!!

Ince is proud to be named as one of the top three UK maritime law firms in The Times’ ‘Best Law Firms 2021’.
The Times Best Law Firms 2021’ lists the best firms across business, public and private client fields in England and Wales. The report, published in conjunction with Statista, was compiled from research and recommendations gathered from more than 4600 solicitors and barristers in England and Wales. Unlike many other legal publications and directory rankings, The Times Best Law Firms’ research is based on peer reviews, covering 26 different categories.

Set up in 1860

Maybe the brand is worth more than 5m?

Legal services thrive on volatile times i.e when things are good or bad.
They do less well when everything is static.
Thanks to Putin,[and others] its volatile - good news.
As long as people are greedy [boom time] or falling out -[recession] law is the best sector to be in. Until there is a global love in, man will always follow this path.

250k march spreadbet at 5.58.

See you next year!

Nutter's gone and I believe they will refocus on their core activity - legal services - which they are actually quite good at.