The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Perhaps LB28, i’d love it to be as much as anyone here but ‘very soon’ is a relative term and when referring to the FDA that can be many weeks. Truth is they don't know, that statement was on the back of his extensive experience of managing FDA applications and knowing he has answered all the queries and made all the changes requested. Its cutting edge tech that is setting the landscape for future AI / machine learning FDA applications.
Guys, regarding FDA - as David said in his last interview, they had taken the opportunity to improve the software in the US shutdown in Jan / feb, so although not a new application its an update. When you look at the FDA devices website it seems to take 6months for ‘finished’ tech to go through approval. So my expectation is FDA approval (and I have no doubt that it will be approved) will be August. IQ-AI is a lot more than just Stonechecker though and other news / deals may be forthcoming in that time on the other areas of the business that add significant value, more maybe than stonechecker. This share is and has always been a medium - long term hold for serious returns (not just a few bags) and the ‘end of the story’ is a long way off. What we’ve seen over the last few weeks is a correction of an oversold share and you would have needed to have been buying during a frustrating and unattractive period for the company to benefit which being honest is not what most do, it should never have been down to where it was, this was caused by people selling after holding a long time (years in some cases) and growing impatient / frustrated. We are now it seems at the beginning of the positive term and 2019 should be transformational for IQ-AI, but until we see news I dont expect us to start ‘bagging’ again. Expect to hold for a couple of months at-least if the FDA approval is your target (but you never know), but there’s a lot more value to be added than just that in the next year I feel. Regarding finance, they are now funded for 18months. That said, this is a hungry company looking to be a major player so they may acquire other tech (like they did with IB) in that time once they have had success on the current projects. Im sorry for those that got spiked, I was heavily invested at an average of 2.6p when we were hovering around a 1p - give it a little time and you will be very happy with your investment. Good luck all - its been good to see the boards active, i hope it continues
....investor sold into the short run at the end of the day. Tactically they dumped in the last 20mins to try and create worry and concern for the holders so you sleep on it and wake in the morning and sell on the bell. It pleases me to see the delayed trades going through which were decent buys, they took the wind out of the sails of any impact. The cherry on the ‘shortcrust’ would be an RNS in pre-market and a gap up on open.
Fair play for the honesty Anthony, but you’ll forgive me if I hope you get burnt here. I do have a bit of respect for you and the rest of your partners normally but if you were as confident as you make out, you would have quietly taken your short and waited rather than trying to push it here and on twitter relying on shaking those who are already underwater / new with speculation that has no fact behind it at all. I get it, you missed the rise and wanted to make quick money on the share still, hence the noise - but i just don't like the dirty games of artificially trying to manipulate share prices that seem to be the way of things these days. The share will breath and a down day is natural, stick to your positions longs and wait for the news from the company before you decide what to do. Shorting is a very short term strategy for trading normally and those trading it will close quickly giving a bounce back to where the price should be or accelerating it if they start to feel buy pressure.
Quite a few of them (some I had a bit more regard for and thought better informed) decided to take shorts on IQ-AI in the past days arrogantly ignoring the fact that we aren’t performing like a normal trade and on the basis they think a placing is coming (or atleast using that to worry people). A placing isnt coming anytime soon. For the record, im not against shorting, ive done it myself on other shares, either as a hedge or simply as a trade, but this wasnt the right share to short at this point. The difference is when I do it I have a bit of respect for those invested and long and have never switched from bullish talk to bearish talk and spouted negative speculation as if its fact. Its always been based on research rather than an attempt to manipulate a stock. Ignore anthony and the rest, they have loaned shares from the market and sold them immediately hoping to buy back lower and have a free hold, you would have seen them switch to bullish banter if the stock were to drop 10-15% from about 4.2p. The sells you see today I suspect are in the main another push by those shorting, who have loaned another tranche and sold hoping to start a capitulation on a downward trend - its the way of things until the law changes. IQ-AI is a good company, great tech, great management and the sky is the limit. Either hold or buy in my opinion.
You’re being misleading and you know it. Yes agreed it would seem that the only way to take the shares from the CLN(s) without taking him over the threshold would be via a placing, however that would need to be at a significantly higher price (many multiples) over where it is now to ensure the money made back isn't simply lost on the dilution of his current holding. From what i understand TB is in at a considerably higher value than current (im pretty sure you’ll know this) so it needs to be atleast that plus the loss he would see from dilution and that would only be him neutral, which i cant see him planning for and it wouldn't be unreasonable to expect a return on his current investment. At that point all of us in now will have all made a significant return. Its simply a massive show of confidence in the company and its future value
FB - you can get out, you can sell. I had a holding of 9.2m av at 1.05 - derisked and sold 3.5m, i sold a few more and sitting on about 4m and im comfortable. I have moved my adl portfolio to a seperate monitor and tbh dont look at it at the moment or many bb’s as it depresses me. That said, the story hasnt started yet. I will wait the next few rns’ as they will come and make my decision then. With the cash i relieved fron this share i have invested elsewhere and im starting to recover my losses and incidently im enjoying trading again... Certainly a strong lesson learned for me, but I have always seen the AIM as advanced gambling to a degree and accepted that when I started investing, i do wish i had never invested as heavily as I had here, that was the mistake and the lesson, i wont do it again on anything. I do think this is a great entry point for adl and if a few other shares come in I may take some more at this entry point to average down. I suspect everyone is feeling crappy at the moment unless theyve just bought in which is fair enough. We are in for colter - that will come, its not adl fault the consenting process in the uk is broken and can slip on very small things (although few wish to hear me talk about that it seems). Bunga mas and badger are both due updates and nothing changed there, it just needs time... Good luck
My reasoning from twitter (I think Colter is actually 45days so even tighter): “Just doing a reverse schedule, if Colter is 35 days drill and has to be done by 31st of Jan (for consents), latest P0 programme would be to start drilling December 26th: Allowing - 10days for weather (optimistic imo) - 6days for transit (to /from) - 5days for problems etc Gives a latest start of 5th December Looking at mob date from hartlepool of 21 Nov that only allows ~2weeks to sail to wick, drill it and return to Hartlepool (or sail past) - that aint going to happen. So on the basis they dont have the environmental constraints at wick that they have at colter, i don’t see any other option but Colter first.... Happy to be challenged / proved wrong - thoughts?” Thinking about it now, if the above about right it makes sense why they are waiting to late November (21st according to shipping broker) to leave hartlepool - so they can get to colter bang on the 1st of December when they are allowed to start work. Also coincidence ADL presenting on 21st of November?.... hmmm
Thanks Jace, looks good for Colter first. I posted my reasoning on twitter earlier, but I genuinly dont think they can do Wick before Colter now without running an extremely high chance (almost guaranteed imo) of breaching the seahorse consent condition of being out of the field by February. No such condition exists for Wick so nothing would be hurt if proramme did slip there I think some guys are trying to find out programme drop dead dates from the various companies.
Welcome back Matt, good timing i reckon!
Cant buy a thing
on no volume?
It’ll be good to see you back in Matt