Negotiations with a number of interested parties were at "Heads of Terms" stage for the out licensing of both FUM,s topical pain relief gels as per RNS on 13th SEPTEMBER. Both products have attracted considerable interest from consumer healthcare groups and major Pharmas. At least 1 of a number of deals for various areas is expected to be concluded this year. I can wait for xmas. :o).
Please bear with my obvious naievity,but could someone just briefly explain the modus operandi of the MMs? Often accused of "shenanigans", I'd tended to think they were(inter alia) in the business of panicking sellers thereby picking up shares for a known (often large) buyer. Reading Leveraged's post this afternoon made me wonder if I've got that all wrong.....do they actually buy in shares for themselves (on speculation,like you and me)? Please elucidate,somebody,and forgive my innocence in the subject of MM Machinations! Cheers,in advance.
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