Cabpussy. Please do enlighten us as to the content of your conversations with Mr Barder and the two suppliers. What was said and by whom, that so alarmed you so much that you immediately sold all your shares AT A BIG LOSS ?
The condom is crap. after 3 years of waiting I bought loads gave them to friends and the feed back is they don't do what it says on the side of the box. I was so cross I contacted Barder and 2 suppliers in Holland and as a result of the conversations i sold all my shares at a big loss.
Lesson learnt its all about the managment. Good luck to all those who stick wit the company I can't put up with any more bull sh..
I have held shares in FUM for many years, TheDrone, and despite my confidence I'm sick to death of it! But maybe the share price of 3 years ago was well over inflated rather than today's being deemed weakness. There's almost 30 million more shares than 3 years ago anyway, so the market cap in comparison isn't as drastic as a 65% drop. Also there was significant press coverage and Ignis were stake building which suggests the FUM valuation got way ahead of itself.
FUM effectively started all over again in August 2012 when Reckitts did a runner, and since then CSD has finally been launched and everything is now in place to march forward with MED and the pain relief portfolio. As with any AIM stocks, the SP doesn't reflect a TRUE valuation until profits are being made and fundamental formulae such as an EPS can be attached giving a more reliable SP trading range. Until that happens, the SP will fluctuate massively and often illogically (in our eyes!) but it is essentially roaming around in no mans land.
So even though I share the frustations of many at the apparent slow progress, I believe FUM's total change in strategy was necessary and will come good, and until then it's not really the FUM's job to "manage" the SP for the benefit of speculators who are grappling with when to enter or exit at the right price. And today's Market Cap of £35 million could still be classed as a significant valuation for a tiny loss making AIM company, irrespective of how it has performed in the past, as it could still fail.
If this is such a wonderful product why have we had 3 years of a steadily declining share price? We spoke about the failiure of launching this for the Christmas of 2012. The share price has dropped 65% in 3 years and there is no sign of recovery.
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