Member Info for Tyke68

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Thanks Max

I can’t see it mentioning a valuation anywhere, which is a bit strange.

Friday conundrum

Ok I am still puzzling over TB/FAB selling their shares to Braveheart.

•Let’s say IQAI was purchased for £100m (wishful thinking or maybe just £30 at this rate, it make no difference to the calculations)

•Previously TB/FAB would have received 30% so £30m

•Now Braveheart would receive £30m and if they paid that as a special dividend (as they have previously) then TB/FAB would only revived 30% of that £30m so £9m

So what I can’t understand is why TB/FAB would give up 21% of the profit of the sale?

We all know TB likes his money so why give up such a big share?

* i think it was Howdlep who has stated he can’t buy anymore shares as he is a concert party with Braveheart.

* there can’t be a placing below 1p

* is it because of capital gains tax versus tax on dividends?

* Is it because TB is based in Switzerland?

* Is it because IQAI is based in Jersey?

* Is he thinking about the upcoming budget?

It makes no sense

* Braveheart is based in a non descript industrial estate near Barnsley

* So based where Brett Skelly/GBAC are

* Does Brett like to go to the very nearby Toby carvery for lunch?

* Does TB like to stay in the attached Barnsley Ibis hotel which is considerably cheaper than Jersey or London?

* Are they thinking that will mean a cheap Christmas party?

Joking aside why transfer his shares to Braveheart for £700k and lose 21% on any potential profit

It just doesn’t add up, what am I missing or what is TB planning next?

Have a good weekend everybody

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Looking at all the trades today. We seem to definitely have some people selling but somebody is also willing to pick those shares up cheap. There is no way anybody would be able to create the IB imaging and other technology for just over £2m. Then if you put into the mix a phase 1 drug trial that is planning to move to phase 2 next year. It just seems nonsensical the mcap of this company. Even with TBs reputation one of the big Pharma must be taking notice of what we are doing.

So does anybody know do the board after inform the shareholders that a company has acquired about purchasing the company? At what point do the board have to share that information?

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Paladin

Howdlep said a placing couldn’t be at less than 1p due to that being the nominal value.

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Semantic

This is a prime example of why you can’t use you multiplication metrics when valuing the company. Please encourage your friend to start promoting the business or consider a deal like this where he can get millions for his shares and then legacy payments for his family. I think we would all appreciate it if you could convince him and the board this could be the best way forward. Like I said previously we don’t want to go the same way as DEST.

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Thanks Max

$30m upfront for GBM treatment

Followed by possible $1.3bn milestone payments

We can only wish somebody thinks the same for our company.

Come on TB get on the phone and raise awareness of what IB are doing and trying to achieve please. People need our products but they have to know we exist.

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KS spreading the word of our technology.

Thanks Max

Semantic

Yesterday you came to TBs defence when I asked was he the worse CEO. So ok what about being the laziest CEO as he does nothing to promote the company?

What does he do to justify his salary in regards promotion of the company? In my opinion he does nothing.

So is he the laziest CEO if you say he isn’t the worst CEO?

Or are your posts TBs way of promoting the company? He writes and you post?

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Max

Semantic has never answered yes or no to this question. However, he does not answer anything which could cast the company in an unfavourable light or give an opinion on strategy etc so I think we can safely say he is an insider. Of course semantic if you want to deny this please feel free to do so.

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Max

I wonder what Mike and the team would say to a bigger partner with deeper pockets and hence he could concentrate on the work of the company?

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Semantic fair point. So we don't have the worst ceo but do we have the worse board? I thought DESTs downfall would serve as a warning of what could happen and they were years ahead of us but obviously it hasn't influenced looking for a bigger partner.

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Morning semantic

Maybe you could tell us what TB does for his money please? He still seems to refuse to do any interviews and promotional work for the company.

A 80% drop in share price against all the fantastic work by IB does seem to correspond to his silence. Do you think somebody else as ceo would behave in this manner?

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Dmac

I tend to agree. Mike and the team operate in a bubble far away from TB. However, what could the team achieve with better financial support from a larger parent company who really want to progress their work. Rather than a ceo who pays himself for doing not much as far as we can see.

TB needs to show some leadership. At the moment he is thinking just about himself and his family. He gets paid to lead. As I have said previously maybe he want to be remembered as one of the worst CEO’s ever. I think he is heading towards that accolade at the moment.

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And there we go less than 1p to sell.

Lots of 6 figure trades today

Let’s hope Mike and the team give us something positive soon. More than 80% drop in less than 12 months and our ceo doesn’t say a word. IB doing fantastic work and should be rightly praised and TB makes the money.

The website is still wrong and dated March 2024 for significant shareholders even though it shows braveheart as the main holder now.

Come on Mr Brown, do a few interviews. Create some interest and positivity around these products or please step aside and let somebody else do it. Show the shareholders what you do for your money please

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They have changed the website to show braveheart as significant shareholders but it still say as 1st March 2024. Come on Mr Brown can’t you even get the date correct, you need to start checking things carefully for your salary please.

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Xviolet

I doubt transformational news if TB sold at 1.1p. But then again who knows with TB. Does he want all his money in one basket for tax reasons and braveheart only had that much money available?

We historically always go down after good news unfortunately. So the drop was expected.

We need Mike and the team to deliver good news on the phase 1 but we can’t get that until we have 2 more patients and I wouldn’t want to wish this disease on anyone.

Maybe Mike needs to get nimble into the NHS to satisfy the government’s need for AI to shorten waiting times, workloads and save money. If it can all be packaged into one app ie nimble and more automated then think how much time and money this could save the medical profession. People should be knocking down our door for the product. Unfortunately have we even spoke to the NHS etc? We can’t expect our erstwhile CEO to make a few phone calls and start promoting and selling our products. Come on he appears only to get paid his salary to work out his next money making shenanigan not to promote the company.

I could be wrong indeed I hope I am (and would apologise accordingly) but I think we all need something dramatic to happen soon. At the start of the year I would have said we should be 10p+ by now. However, look at us now barely above 1p and the board don’t seem to care.

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So that is trek and now gee gone, a shame people have to take a loss.

The only people we do want gone is TB and Fab. And not with all the money. TB has made his money from this company already.

Mike is being noticeably quiet. Pity he doesn’t know anybody rich enough and willing to buy them out (any rich doctors Mike?) Somebody needs offer to buy Braveheart’s shares for 2p each. That would be nearly double their recent investment.

Would TB accept that amount not a chance but then he would have to start saying what he thought the company’s true valuation is. Would he have to put it to the braveheart shateholders? They could snap the offer up straight away with the losses they keep making on their share price because of his shenanigans. Undermine TB’s authority etc.

What is TB doing as our CEO to justify his salary. He doesn’t do interviews, he should be ringing people up getting them aware and interested in what the company are doing. Lead by example.

This journalist semantic mentioned seems to not like TB and his shenanigans either. Pity the FCA don’t get involved more. If there is a placing let’s see at what price and see if their has been any market abuse in the FCAs opinion.

As S_o_h stated this time last year we were 4p heading towards 5p and you can’t tell me we should be only 25% of that sp after all the excellent work IB has done this year.

We need a CEO who wants this to succeed for all shareholders. A CEO that earns his salary.

We know that the company must read this bulletin board after the letter virtually matches what we have been discussing.

So Mr Brown what are you doing to earn your salary because in most of our opinions you have been at the helm whilst the company valuation has tumbled.l? Please justify why we should still have you as a ceo and taking a salary. What is your plan for raising the sp you said quite a while ago now you were going to do?

I wonder which other CEOs have overseen such a dramatic share price fall and not even shared a plan for trying to repair the damage.

Come on Mr Brown what are you going to do for the good of the company?

Now we wait for semantics response talking about how:

• TB doesn’t earn the going rate, well that’s because he doesn’t do enough to deserve the going rate.

•Then he will say our focus is on TB not the underlying business which is a load of rubbish as we have discussed items in the letter.

•He will then discuss some metrics for valuing the company which are totally irrelevant.

•what semantic will not do is answer any relevant questions as he can’t answer due to his relationship with the board.

Anyway that my rant, thoughts. We don’t want people having to leave because of the shenanigans. Come on Mike step up to the plate.

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All the best Gee

Thanks for all your contributions

Good luck in the future

It does seem they want to skip phase 3 if possible and get the voucher. Hopefully a possible extension will help with that, but could still be 4 years away. We know TB has said they want to sell after phase 2 to increase the valuation. Get approval after phase 2, sell the company. Then TB sails off into the sunset and hopefully we can do that 2.

Regarding phase 2 will they get sufficient participants if struggling to complete phase 1? Funding for it do they mean sales of the new updated nimble or money received for EAP?

Regarding EAP there seems a lot more hoops to jump through than initially thought. Hopefully this can be expedited to help the desperate patients. Only 2 patients out of the 30 applicants is not good for anybody.

It is a bit weird not resubmitted the CPT submission but I suppose they are doing a lot of work on other projects but revenue via CPT could really help the finances. Maybe Braveheart should help by supplying money for more staffing but we all know that is highly unlikely.

IB Nimble seems to be the thing they are also promoting, video etc. As I think it was cautious said could this be the big money generator to start with?

Unfortunately no big blockbuster news but at least we know where we stand with most items we have been discussing recently.

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So Mike has answered our repeated questions from this board. A very detailed report I would say. Ok no mention of revenue etc but it shows how much progress the company has made and where it is going next. Let’s see how the sp reacts

In IB we trust

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Lord Chaos

TB is remaining as CEO due to him being CEO of Braveheart.

We still await the important update the shareholder letter

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