Iq-ai Share Discussion Threads

[hazl] 11/12/2018 14:14

I can't believe I missed this RNS and so it appears has the market generally!

Clearly lots going on in the background.

[hulk2004] 09/12/2018 19:29

LR2 agreed placing will come in 2019 just when and at what price! FDA approval has been touted on several occasions and all on track so will have to believe that.

[lr2] 09/12/2018 17:48

Hi Hulk, Brown does state the company is fully funded until June '19 in the half-year accounts but the accounts figures in that document suggest otherwise. Let's see if I am closer than Brown before money begins to run out. We will know that come end-February.

Also, according to Brown, FDA clearance is expected by end of this month whereas I have some doubts when the TexRAD software integral to StoneChecker will not even be presented for FDA clearance until next June at the earliest.

In fairness, people here tell me that FDA clearance is a simple self-certification procedure and that TexRAD not having clearance holds no sway over StoneChecker clearance. Still, I have trouble getting my head around that concept.

[hazl] 09/12/2018 16:39

Indeed hulk.
So many little Aim medical companies fail to get noticed,yet IQAI is already getting contracts.
Again, in S Korea, which is flourishing at the moment....very different to how it was a few years back.
With regards BBSN I know what you mean,but I think cash in the bank does them credit so perhaps ok where it is for now,or make sure it's in dollars?
IMO

[hulk2004] 09/12/2018 16:37

Bbsn which I also hold and they have 5million in cash but they have to do something with that cash in 2019 because cash is a negative on balance sheet if kept over a period of time because with inflation it’s a wasting asset! So will be happy for IQAI to raise funds to further 2 invested companies progress which appear to be all on track.

[hulk2004] 09/12/2018 16:32

Half year report in September states fully funded for at least 12 months, so June/July/August they could run out of cash,a placing will come but I think more likely in April 2019 with FDA approval and other contracts announced so will be raised at higher price in theory.With 90 percent of AIM companies placings are never to far away so IQAI are no different, they might receive some management fees from the 2 companies for a period of time to keep them going but the pay off with this type of investment is when they dispose of the invested companies.

I held Tern which in some ways are similar to IQAI and they went from 3p to 57p! Do not think that will happen here but if all goes to plan we could see a exit of 1 business with 12-18 months and I hope share price will be considerably higher than 2.8p!

[hazl] 09/12/2018 15:20

....the above is obviously good for IQAI being gadolinium free.

[hazl] 08/12/2018 12:27

Helpful perhaps in a general way?

[flashheart] 08/12/2018 11:04

Indeed hazl. I have fingers in too many other pies at the moment to consider this yet whether that will be a blessing or a missed opportunity remains to be seen. Watching like a hawk though for any signs up or down. You are also involved with a couple of other stocks mutual to us both as is LR2 so good luck to us all.

[hazl] 08/12/2018 09:49

There is the dilemma; do you wait with the possibility of news?
It's down to individual choice.

Seems a bit of a drive to support AI as a bit of a flagship generally for Government.




IMO

[flashheart] 07/12/2018 22:26

Interesting stock but would agree with LR2 that short/medium term funding is almost inevitable. Nice double top on the chart as well implying return to the low 2's . Worth waiting to see where this settles.

[lr2] 07/12/2018 21:37

Thanks. I don't have time to listen to that now. Will try and get around to it later.

[hazl] 07/12/2018 21:34

Absolutely,LR2,we can agree on that.
Separately...

[lr2] 07/12/2018 21:30

The outstanding convertible loan notes are a bit of an irrelevance Hazl and not worth us falling out over. Even if they were all converted tomorrow they would not bring in enough money to keep this company running more than 2 months and they won't be because Brown can't convert them without passing the 30% holding ratio. He might as well keep drawing down the yearly 6.75% they yield for the time being. As full conversion would only dilute existing shareholders by just under 7% which is minimal considering the size of the previous placing (66.32%) then I would hope we can put this subject to bed so to speak.

[hazl] 07/12/2018 20:54

The chart looks ready to lift again to me but then again,what do I know?

[hazl] 07/12/2018 20:50

I think everybody is well-aware on these boards, that 'the word placing' is often used to frighten people away and sometimes unfairly.

In my original response, following LR2'S POST ,I tried to glean just that,as to whether he was genuine or not.
In the very next post I said 'fair enough'.
Yet got a challenging response back that I felt was unwarranted.

To my mind everybody is being a bit pedantic and sensitive.
My initial posts are usually to continue my research and give everybody else the benefit of those should they want it.
They might not.

I found out about the Convertible loan notes and as I have mentioned was slightly dismayed...here is Woodcutter discussing it .
Again helpful and not provoking in manner.

Clearly you are not new to this share clocktower as you are here as well.




We all have our own way of dealing with our journey through these investments and our dabbles along the way.
I don't see why it has to be difficult,people can make up their own minds and nothing has guarantees in life.
I think the loan notes are not ideal as I have said, you people might have had longer to assess this company than I,but I like to find out for myself.
Again the success in contract form, of stone-checker might be enough to turn it around and more contracts could follow,we cannot know at this stage.
At their best these boards can be a way of helping each other so perhaps we can all take a deep breath and make a fresh start.

[lr2] 07/12/2018 17:59

It's worth keeping an eye on but no more than that at present. Unfortunately, I have zero trust in Brown for reasons you may have seen elsewhere. I will await his departure before contemplating any investment here.

[clocktower] 07/12/2018 17:51

Thank you LR2 - Based on what you state, I agree with you that the company will need to raise funds. If you followed FBDU in the past you will know the full history. Though there have been spikes that have proved to be profitable, I have had no interest in this for some time, so was out of touch but I just happened to read the spat between yourself and hazl, so I though I would update myself on the progress.

As for Mr Brown, he has done rather well along with his associates it seems to me and 6.75% is not to be sniffed at either.

I have now once again placed this on my watch list and await further news.

[lr2] 07/12/2018 17:30

Hi Clocktower,

I believe that shareholders of the company still have £118,750 convertible loan notes available for conversion should they wish to do so.

£18,750 are convertible at 1.1p and £100,000 are convertible at 1.5p.

Full conversion of the 1.1p loan notes would result in approximately 1,704,545 shares being issued.
Full conversion of the 1.5p loan notes would result in approximately 6,666,667 shares being issued.

I'm not sure how feasible it would be for Brown to convert the loan notes he owns as he already has 29.98% of the company and conversion would push him over the 30% limit whereby he would be obliged to make a bid for all of the company.

However, if a placing occurred soon that he did not take part in then that would likely give him the necessary legroom to convert at a later date.

In the meantime, holders of these loan notes get interest on them from the company at the rate of 6.75% a year so Brown is doing alright for himself.

I can find no reference to any outstanding warrants and, therefore, assume there are none.

Hope that helps you.

I'm sure Hazl will be quick to point out any errors I may have inadvertently made when he replies to you regarding reasons why I am wrong to believe there will be a placing fairly soon.

Regards,
LR2.

P.S. The money raised from a full loan note conversion will keep the company running a further 2 months give or take a bit but will in no way be a long term solution to the lack of funds available to progress the company. It will simply pay BoD wages for awhile.

[clocktower] 07/12/2018 15:41

To save myself going back and doing a lot more research can you tell me if there are still loads of warrants outstanding and at what price, another question that you may wish to throw some light upon, is why do you think LR2 is wrong in talking about raising more funds - a placing?

[hazl] 06/12/2018 15:08

APOLOGIES if already posted before

[hazl] 06/12/2018 11:44

Q-AI and the use of Gadolinium-Free MRI Brain Scan Technology is what I particularly liked.
Anything that improves the outcome for these poor patients ought to be welcomed,in my opinion.