Member Info for Tyke68

Cautious

That fits in with what we have seen before

Approx 75m Truetide

10m KS/MS

16m which equates to those who have joined together before.

The other 150m, who knows? It’s the same as somebody keeps buying 1 share and then upping it to two shares when I said it was the same price. There is no rhyme or reason. This share is an enigma, hardly any trading of it and only a few of us seems to have enough of an opinion to vote.

There must be literally hundreds of long term shareholders who have just forgotten about them or written them off as a 90% etc loss. Heads in sand or honestly are just hopefully waiting for this to make their money back.

Quite a few people seem to follow what TB invests in as their own strategy (if you read some comments on Truetide). Yes they may show a paper loss but things can change rapidly and they know when to cash out and/or wait for the special dividend.

Unfortunately we are the paper loss currently. Could this all change? Yes but then again we may remain at this valuation for many more months or years. I am waiting for the interims to see what the revenue actually is. There will be no hiding place if there is not, to use their words, a step change. If Mallettp’s reading of the GaM phase 0 is correct then I don’t think we will get an update or possible sale of the data this year.

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Truetide, Red and others voted for dropping the nominal value so we have to respect that. The majority has spoken. It is now up to the board of directors to prove that was the correct decision.

I am guessing we may get a few more RNS’s in the next month or so but the interims will be where we see if the progress is “genuine”. At that point there will be no hiding place. Maybe time to switch off for a few months.

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Thanks Red

I think the problem is that as people see it is that TB et al will always own 30% of the company but our percentage always decreases with any fund raising.

If there was a significant increase in the mcap that wouldn’t be an issue as the value of our holdings would stay the same or hopefully increase. However, the drops we keep getting in the mcap along with the dilution means the shareholders on this board are significantly out of pocket upto a 90% loss.

The board really needs to detail plans how to raise the mcap if there was to be any fund raising and again this would contradict their previous statement.

Thanks for your support and transparency it is appreciated. Let’s see what happens.

T

Morning everyone

If we take emotion out of the equation when we look at the statement then:

This reads as progress from a world leading technology company. You then look at the mcap and realise the issue.

The phrase outlined by BB, I would say this is implying there has been an increase in the revenue but they are not willing to disclose that until the interim results. The word genuine can be taken in two ways, they weren’t being genuine before or we need to start believing them and it will be validated at the interims.

The GAM trial update is confusing as we were led to believe already submitted for publication. However, if you read Mallettp’s comment you can understand the rationale. The phase 0 trial could increase the value of our data significantly.

Kirkstall, you can now see why aligned with IB as it focuses on glioblastoma on a chip.

Revenue and sales figures being absent. Yes they would have been good to try and illicit a positive increase in the share price but at a guess they are waiting to disclose this at the interims for a bigger impact and is more to do with the new MO.

Taking all this into account I would say it could all be read as a positive update. However, this doesn’t fit in with the special resolution. Why say we are making genuine progress and then shoot ourselves in the foot by reducing our nominal valuation. It can appear just as a way for some people to make a quick profit in the future contradicts the previous statement and creates more distrust. It will be interesting to see how many voted against it.

One thing I am glad of is I didn’t read was the board saying they are all shareholders as well. In reality that is not true. Only MS appears to own shares directly in the company, TB et al do not. They own shares directly in Truetide which is invested in several companies not just IBAI.

Just my take on things as normal. People can either wait and see what happens and hope for this to finally payoff or jump ship. I suggest people wait for the interims and see if genuine progress on revenue has been made. There can be no more excuses at that point.

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T

Biff

Totally agree, the statement they released doesn’t seem to match with the special resolution. They need to look at why the company’s mcap has dropped so much and ensure it doesn’t happen again and then start to reverse the decline asap.

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I don’t think the new modus operandi is working with regards the share price. Silence equals more uncertainty and negative speculation. We need some good news unless there is a deliberate ploy to keep the sp low to help with the special resolution.

The board needs to regain the trust from current and future shareholders. Actions not words.

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I hope everybody has remembered to vote. It will be interesting to see if we get an update at the same time. Will it mention we are on target to make a profit this year or has that fallen by the wayside again?

Did anybody else ask any questions or get any replies?

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Thanks Max

Max

Anything positive posted from the ASCO about IBAI? It would be good if the GaM trial was mentioned as well.

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T

Didn’t we discuss last week how you could buy 2 shares for the same price as 1 share. They seem to have forgotten.

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Do I get paid for being referred? More chance to make money on that than this share at the moment.

Cheers Max

Thanks slowroll

I reckon the board used AI to write the annual results as it sounds very similar to what TB wrote. Or did AI just aggregate info off all the recent RNSs

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Max

Do we think this is to do with the phase 1 trial data publication? It is an article but was submitted on 6th January which contradicts what we had been told previously ie not submitted until just before update RNS. Plus Mike says it hasn’t been published yet and this was published at the start of May.

Yet again more questions than answers.

Maybe this was written before the main gallium maltolate trial data was submitted as it references gallium nitrate.

Let’s wait and see, not sure how many times I have said that recently.

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Kane

I assume you have voted against the special resolution? The more people who do the better I would say.

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T

Just a friendly reminder to vote regarding the special resolutions at next week’s AGM. We don’t want the nominal value of the share reducing, we want the actual share price increasing. It would be good if the big buy this morning was by a director.

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I wouldn’t be surprised if we got a positive RNS before the AGM just so they have something positive to state.

Then again I could be totally wrong

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TB had to sell the 7500 shares because he went over the 30% limit for his partnership when he bought the 175000 shares. A miscalculation that needed rectifying.

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Thanks Cautious

MS/KS own 10m shares. So that makes me think they will want a higher sp as well as us. I hope so anyway. Is that enough to stop TB and shenanigans, I doubt it?

All we can do is wait and see or sell up and buy Truetide so we are in the same position as TB.

Anyway, it’s a long so let’s enjoy this warm weather.

Many thanks

T

Truetide up another 13% today so far. Hopefully it will be our turn soon to have sustained rises.

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Max

I ask questions but sometimes the answers create more issues eg where do we stand with the patent for IB Neuro etc. I have expressed how everyone feels to Mike but he will have to follow rules, possible NDAs etc. I do genuinely believe he does want to regain the shareholder trust but that will take time and actions eg increased sp.

Let’s see what happens at the AGM.

Truetide has gone up another 11% today because of a RNS about parytec. Shareholders over there are waiting as well for the blockbuster RNS but as I think it was Davey from that board said their mcap is less than their share of their investments mcap, so is that why TB just has shares (now less than 30% oops) in Truetide now?

A long sunny weekend so time to forget about this for a while. Have a good few days everyone.

Thanks

T