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You know, the buyout thing kinda makes sense now. Yeah get all the certs to launch in major markets, sell it all to the highest bidder.
Jet7-I agree we have been on a go slow since uk/eu certification & they seem to be in no hurry. They have suspended all work on other products to concentrate on Eroxon since last Dec to get to market! This cannot be good long term for FUM to have all there eggs in one basket unless there plan is to sell the company but then again several potential products should be worth more than one!So let’s hope they have a plan we just don’t know what it is! On a positive note, the large institutional investors are still in with large holdings that some have increased recently! That’s interestingly to me & is news in itself.
Yes I think you are correct Darth, they knew they wouldn’t be rushing this, question is why?
I will also have a punt and suggest the plan is to get deals signed in various territories, approval in USA, signed distribution there also and then sell the company.
Two main directors are not young, seems the perfect out to me. If I’m correct in my assumption should fetch a pretty penny if you ask me with all in place. Long way to go before we see the day though.
Thoughts?
How do you know that they are sorting it out as we type,have you got ESP ,insider knowledge or just hoping that they are doing the right thing by the people that own the company ie. shareholders. There are many great products that never achieve what they deserve, thanks to inept management. Knowledge is power and we aint getting any. People don't need to be spoon fed on a daily basis but companies without a current sales base need to keep shareholders on side with up to date events .Not saying they should compromise negotiations but the word progressing is relative ie. icebergs are progrssing and so are broadband downloading but not at the same speed.Which one can be compared to FUM,s progression.
Theyve had CE now for a year, they knew full well they were not going to do anything with it for a year and witheld this info from investors. However they have said by H2 thers woukd be uk/eu launch, they still got time.... after that its finger in air time. I am surprised thou that its been this long with talks of deals, why isnt their hands been bitten off for it and launched.
Milktrayman, that is what they are presently sorting now. The last RNS was on 20th Dec, three months ago, take out two weeks for festivities and it’s only been 10/11 weeks. As they have said they are in multiple discussions, contracts have to be agreed, we all know the history of Futura, they cannot afford to get this wrong. They have the product with the CE mark! It all needs to be done correctly. Why rush a seemingly nailed on agreement just to pacify us shareholders. They said news throughout this year, anyone with any common must realise it’s not going to reach significant potential until possibly early 23 and beyond.
We know Futura have assistance in place to help with signing of deals.
I’m like you guys , in suspense but let’s give them time, yes the share price is a joke, I’m just praying I’m correct. We need to allow them for this to play out and hopefully we will all be rewarded, and if you’ve got any bottle and belief in JB and gang it’s an opportunity to get some extra cheap shares.
Agree, incidentally, have we secured any European partner to date or more to the point a partner in the UK ?
Sick of giving these people the benefit of the doubt, companies should be breaking down the door for this product . I would love to know how they spend their'working ' day .Think its a case of shape up or ship out .
Yup the waiting game, whats another year or 6. Least it is not a loss leader just yet.
Dosanddonts, Good post, exactly how I see it, for the final time we have to give the company the benefit of the doubt. There must be multiple tasks they are having to put in place. Signing of any deals now will play a big part in the make or break of the company. The board have to get everything right, all I can say is AGM in about three months time, can’t imagine they are going to want to face shareholders with no further concrete contracts in place.
Hopefully if I’m correct, along with American approval it’s a case of this time next year. I’ve been here for six years, not quitting now.
In the last RNS I think! it said they were putting on hold all other development work to concentrate on Eroxon! If that’s the case what is going on? there must be further NEWS or have they been sitting on their arses! I appreciate this is a wise move to conserve funds but seems short sightedness to me considering how long its taking. If they can’t get this big boy over the line which to be honest they seem to be struggling with again then they will have real problems! This is the problem with FUM too small & limited funds means they miss the boat in my opinion!
I suspect there are lots of people who require more than a stiff drink who would buy this product in a heartbeat,but never mind .The company dont need the money as there is easier ways to finance their existence without having to work too hard .
They say the proof is in the pudding. You approach a potential partner and say "hey we have a fantastic product that will outcompete viagra and cialis in the space of erectile dysfunction, our unique selling point is the onset of an erection in less than 10 mins allowing for spontaneous and unplanned sex" . The partner says "great, have you got figures to prove the success of this commercially " . FUM " err no we have not launched it yet but we have many partners we have lined up who have shown great interest and we are focusing on our manufacturing in the likelihood we get a deal" . How would that sit with you as an interested partner?
In last week’s The Apprentice, neither team managed to sell any baby food, triggering a double firing of the candidates by a disappointed Lord Sugar. I do wonder what he would make of Futura’s leadership. Handed a green light around 10 months ago to sell in the EU and UK, the leadership team has failed to deliver any product onto high street shelves. This would have had two benefits. First, it would have brought bring valuable cash into the company. Second, it would have enabled the product to market itself elsewhere through demonstrating commercial success in Europe. Instead, the leadership team has put a home market launch seemingly way down the list of priorities. And the added value attributed to the company by excited investors through the 84p price last spring has been gradually emaciated to 25p today. Around ¼ of its valuation by one broker. I’m pretty sure a self-made billionaire like Lord Sugar would have some rich and colourful words to say to Futura’s leadership if they were candidates for his investment. And I don’t think they would make pleasant hearing.