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[life of crime] 18/5/2016 11:48

Thank you Drewster. As per usual, we only get so much from an AGM but your feedback is appreciated. We often get a fanboy POV from an AGM but your's seems down to earth.

I am still optimistic abut the next 12 months, re Sensium and Google Cast, but AGM's rarely give too much away. Cheers for the feedback anyway.

[nod] 18/5/2016 10:12

Thanks TDTo its credit the U.K. Government publishes stats. You would need some knowledge to decipher the relationship to sepsis.https://www.ons.gov.uk/peoplepopulationandcommunity/healthandsocialcare/causesofdeathDave, I remember your situation well and the well-wishers on the IMG and TMZ boards was heartwarming.

[the drewster] 18/5/2016 09:59

Dave - thanks, and very interesting.

One point I forgot was after being asked about false alerts:

The system is configurable by ward, or by individual, so the parameters set will determine what alerts are raised - the point stressed was that the system had NEVER missed a positive alert.

[sweenoid] 18/5/2016 09:30

Thanks Drewster

Yes, sepsis DOES kill that many people, even when it's recognised! Succesful treatment of sepsis is almost totally determined by early diagnosis and the microbes sensitivity to antibiotics. The new so called super bugs are resistant to most treatments , some to all, your survival is then done to your immune systems ability to defend itself.
I was very nearly killed with a post operative gram negative sepsis some years back. It was a very unpleasant and frightening experience.

Unfortunately we live in a world where the early symptoms AND signs are ignored or not treated well. Sensiums beauty is that it does not rely on observer error in measurement and recording and the readings are done very frequently. This isNOT rocket science , the early warning SIGNS are a rise in temperature, a rise in pulse followed by an increase in respiratory rate , all measurements Sensium makes, as deterioration proceeds the bp drops and other physiological changes take place.

In the Boer War 1900 and Crimea war circa 1850 90% of soldiers having succesful amputations still died of sepsis. Despite new aseptic and ante septic treatments being used in WW1 50% of survivors died of sepsis, Sepsis IS a massive killer , hence the new US regulations, a very large % of deaths ARE preventable, that's where we come in. But boy things are progressing slowly!

Thanks for your input
Dave

[juleshoddy] 18/5/2016 09:12

thanks Drewster. Surely it's got to be a JV with a larger med company? That's what i'm hoping for anyway. Come too far to sell SV it off. Looking forward to that cash flow positive RNS! Mid year onwards could be very exciting - Chrome Cast, cashflow, SV update. Anything mentioned about Google?

[looneytune] 18/5/2016 09:10

Cheers for that update Drew!!

[the drewster] 18/5/2016 08:57

Not a good day - left the house 6:10am, train line problems just north of Watford, escalator repairs at Euston, and utter chaos arriving at Bank meant I walked in to the AGM 15 minutes late.

There were some positives:

> they still stand by the 'cashflow positive' by mid 2016
> the Sensium review WILL BE completed within next 3 months
> Richard Steeves was there as an investor, not board member
> there was more humility and less arrogance (just my view)
> US affordable health bill presents real opportunity in the states, trial in South Philadelphia about to start if they patch up 10, 000 patients, and detect only 50 deteriorations, that's a positive business case sepsis accounts for 50% of hospital deaths!!! ( still find that staggering)
> US Trial about to start with very good support from clinicians and nursing staff
> Lots of other trials are ongoing that we (I certainly) weren't aware of - another starts next week

I did ask the board about starting the meeting later especially as my own plight yesterday highlighted the difficulties many PIs face getting into the City for 9am (I was not the last to arrive!!)

Spoke with Anthony, Richard, and Chris T.

Discussed QE, still progressing, but the cycle is long and intensive. they patch a few and prove concept, then they patch a sensible number (100 at QE was mentioned) and do full data gathering and analysis (this is where they are at some 10 months after starting)

Chris mentioned that 50% of deaths in hospitals are Sepsis related - I must have missed the qualifying bit of this statement though as that sounds plain wrong (Dave ???) - might give a major short-term window of opportunity though, especially in US.

A few of us went for coffee afterwards. "Hopeful" would sum up our collective feelings, no wild optimism, but no suicide notes either..

[nod] 18/5/2016 07:51

A very lightweight presentation compared with last year. Minimal information given on Sensium trials currently underway. This time last year they reported 20 underway and 19 new trials had been agreed with 200 in the pipeline, in multiple countries. We don't know whether these prospects are dead or resting.I was unable to travel two days to get to the AGM so am very reliant on the information presented at the AGM, which last year gave us heaps of new information previously unknown. This year nothing new :((Positives:"development of second generation silicon address home healthcare market""Expect to achieve cashflow break even in mid-2016"

[sweenoid] 17/5/2016 14:24

It's a reiteration of results statement nothing more

Any more info today will totally depend on how much can be praised out of them by the likes of Drewster, in the absence of instruments of torture or the threat of immediate vindictive violence, I suspect getting ANYTHING that will be informative, optimistic and helpful is almost zero. So I am hoping Drewster can draw something from their demeanour and body language, will Sethill avoid eye to eye contact, will he be fluent, let's wait and see
S

[jimboceh] 17/5/2016 13:25

AGM presentation up on the website now. Underwhelming?

[juleshoddy] 17/5/2016 10:44

AGM done. All resolutions passed. Anything to report anyone?

[nod] 17/5/2016 03:16

Let us hope that Toumaz is third time lucky with a joint venture partner. In 2009 TMZ undertook trials at St Mary's which were hailed as a success. It's partner that funded development and the trials then seemed to lose interest. That was Carefusion, part of Cardinal Health.In 2011 TMZ partnered with billionaire Patrick Soon-Shiong and Nanthealth undertaking a larger trial at St John's. This was also hailed a great success and the partner produced a marketing video and business case which are still used today, but the partners didn't make further use of Sensium in any of their US hospitals and also left through the back door.I get the feeling that shareholders are not given the whole truth and nothing but the truth.

[jimboceh] 16/5/2016 21:36

hxxp://www.cio.co.uk/cio100/2016/rachel-dunscombe/

What new technologies are you investigating, tracking or experimenting with?
As for wearable technology, currently I manage an electronic patient record taking feeds from wearable medical devices that provide the observations. I have also run in Bolton (and plan to at Salford) a limited pilot of sensium patches giving observations wirelessly. This enabled patients to walk around and the Wi-Fi will monitor their vital signs. The patches last five days and I am working on a future case for home use under hospital at home.


Describe the technology innovations that you have introduced in the last year and what they have enabled
98% virtualisation of servers allowing capacity to be allocated based on date time and requirements, resulting in no performance issues for clinicians. 100% virtualisation of desktop with thin client, including the virtualisation of over 300 apps that cover imaging, 3D and all patient-facing systems, allowing any app any place for any clinician. Implementation of sensium patches allowing recording of vital signs for patients without wires. Implementation of digital pathology and the first UK multidisciplinary pathology conferencing setup.

[oldyellowhands] 16/5/2016 17:26

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[adventurous] 16/5/2016 08:15

I think the management spelt it out to the shareholders!

[chillpill] 14/5/2016 02:16

We shall have a resolution to the sensium saga in the next 3 months or so. The market won't take TMZ seriously until they are making decent profits. I understand the major shareholders have spelt this out to the management.

[adventurous] 13/5/2016 17:10

For those who do not bother to check facts:

Anything of any relevance in the accounts has to be reported as per the international accounting standards (IFRS) anything not disclosable is of no significance.

OldYellowHands - Your quoting old news from two years ago, whereas in the 2015 accounts:-

- "In autumn 2015, the Board appointed advisors to examine strategic options for Healthcare. This was against a background of slower than expected commercial uptake of Sensium Vitals®, relatively slow progress
towards demonstrating the system’s ability to deliver significant cost efficiencies – and the resulting increase in investment needed to take the business through to break-even. The work of the advisors is under way and the
Board expects to take decisions on their recommendations in mid-2016.

Also, if it had not been for the current CEO, I believe Toumaz would probably not in existence right now. However, the CEO has turned what became a loss making business (FS) into generating profit which is about to grow more quickly. I doubt he is hangin' on to the Sensium to cripple his aims, but because there is considerable value in the IP etc..

[life of crime] 13/5/2016 16:32

IMO, offloading Sensium just as it looks like coming good would be nuts. They need a deep pocketed JV partner, that's for sure, but I certainly want them to retain exposure to a market that could be truly massive.

Sensium has attractions as a standalone product that keeps patients safer and gets them home earlier, which is the part that will appeal to the NHS. The relevant Govt minister is clearly enthused by remote monitoring, hence the increasing number of NHS trials. Another benefit is the automatic recording of data, which aids efficiency, but also allows firms, such as Google's DeepMind, to have huge amounts of real data to drill into and find diagnostic patterns for improved treatments.

I suspect TMZ's management agree, otherwise they would not have bothered hiring a sales executive for the US health market a few months ago. A little more patience is required, IMO.

[rollthedice] 13/5/2016 15:49

Most of us would. Offload Sensium as it's crippling the business. TMZ has not only poured millions down the drain but indebted themselves into the bargain for a product that hasn't sparked anything other than a few trials which haven't been commercialised.

[oldyellowhands] 13/5/2016 15:35

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[oldyellowhands] 13/5/2016 14:34

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[the drewster] 13/5/2016 10:58

I'm no legal expert, but how can changing a registered address cost hundreds of thousands of pounds? that sounds ludicrous.

[ianood] 13/5/2016 08:42

Nod - "The purpose of these jurisdictions is secrecy and non-disclosure.
How does a UK registered company pay hundreds of thousands extra?"

The point is that our preference is for this registration to be relocated. My understanding is that the costs to reverse the registration are high. I don't believe that the costs were high at inception or ongoing, indeed they could well have been lower as a purely "brass plate registration".