Member Info for backinblak

F*ck this, this is total fraud considering how long this must have been known for. As a project manager you don't arrive at the last 30% of the project and decide that is going to take twice as long as expected and if you did there had better be a really good explanation such as the whole staff went on strike or some other exceptional item - not a dismissive, we now know it'll take longer. This is total disrespect to investors to give such a shoddy RNS.

All that said contrarian is still a gobsh*te - someone said it already - a stopped clock is right twice a day. Contrarian has been saying it for years - people have made heaps of money out of this while he was saying it. And while I'm overall down I have made money on this also over the last 2 years.

I was sure 1.6 would be our new base.

I have traded this before and did good but have lost the nerve to do it again as we move closer to some real gains. I'm only small fry but I'm holding

It feels like we breaking a barrier here. We've seen it happen before in the old money and then come back down but hopefully this one holds.

I think it was very high then based on optimistic speculation but also assuming that it would take off if they could get it approved. Its approved now and and there isn't this mad rush from big pharma to purchase so speculators are cooling off. That said it does seem mad that it reached pound then and only 60p now. Thats AIM for ya.

My thoughts exactly - I got really anxious when I saw that no announcement of a licensing deal coming through after the FDA approval. If the product or board are worth anything they would have the deal lined up based on FDA approval .

For that reason I sold out a couple of weeks ago as who knows what way sales will go but my confidence is a bit shaken when no deal could be sealed (not sure if this is the fault of the product or the board). That said I sold at 50p and it is just coming back from 60 so I'm not pretending to know everything but its not exactly a sure fire bet now given that on the absence of a US deal the value of FUM will be completely based on how well the EU/UK sales go and I don't know if the people in charge of this have the ability to push it forward - perhaps they have.

This will surely hit 70p before any slow down in price. Of course longer term there is potential for a much bigger rise but one would have to think by the end of the week we will be sitting at 70 or above. And if I'm honest I'm expecting the 70-90 range for the news we have now.

Folks - I'm based in Ireland - Where can this be purchased on-line? Or is it available online yet?

I bought in here some time back and averaged down but all to no avail so what was a big investment (relative to my investments) has gone completely south. With that in mind and the fact that it is worth very little should I sell up or am I as well to wait and see if by some miracle Turkey turns up trumps? My temptation to sell is that I will get taxed on selling some other investments which made a profit and the sale of this numpty would reduce that tax as it will bring down my total profits so could win back 33% of my initial investment here by doing that. This would want to rise by about 200% to match that, what are the chances? Opinions welcome

Wondering the same - did I miss something. Wish I had invested more here but still a profit is a profit. If only all my shares could show the same return!!

I'm sure I'm missing something here but how do we know he sold 250K share at market price?

FDA OTC approval is in the bag now - just a matter of waiting on it. When they announce FDA approval they will also need to follow this up with news of a distributor type deal for the US market. The FDA approval in of itself won't increase the SP to its potential value unless there is news of a deal which allows product to move i.e. sales. I love this share and have traded a few times successfully but my only gripe right now is why there isn't news about movement on EU sales. Perhaps a big buyer is in play who might want the rights? Let me know if I missed something as I was out of this share for some time. and only bought back in relatively recently at 30p.

And just to add the FDA response on this should be super quick. They have reviewed the file and this was the outstanding piece they wanted to see and examine so i wouldn't expect them to take long reviewing unless of course FU< don't submit exactly what they were asked for or the data is not conclusive which I doubt but wouldn't be good.

I would be thinking they definitely will merge the first 2 because you can't say it was a successful trial. It is for the FDA to say it was a successful trial.
In other words I would be expecting something vague around trial data has been submitted. I could be wrong but that was my expectation.

Got done badly on this share - not bitter but do wonder what I was thinking - every day is a school day, have an average of ~ 0.5 so not to say this thing won't give me my money back plus some in the future if we get lucky.
In the meantime while I don't like a lot of posters here there are quite a few decent chaps who have lost money here so as a tip to those folks if you want a solid SP plus definite big upside over the next 6 months check out Horizonte mining. Fantastic opportunity and posters over there are the opposite to what goes on in here.

Ha ha Akane - loved that post with the hyperlink at the end. Far more relevant hyperlink than any of LB's :)

HI The Italian - I feel your pain. His posts used to drive me scatty and even though I cashed out I still hope for this share to rise and expect it will although I think an EU deal is what will really make it move and then either US or actual sales for further movement.
To Liam - as it seems you have now lost the ability to read and to spare the italian more frustration I have cut and paste the line form the RNS , hopefully you can figure out what it is saying.
"Labatec will be responsible for all costs related to the regulatory approval and marketing of the product in the region."

I should add part of my motivation for selling was that another share which I felt will move over the next few months was on my radar and I just felt my money in FUM wasn't going to move or drift downwards and I really wanted in on the other share. M

Yes GZelle - I filtered Liam Booth a long time ago and could never figure his motivation - really must have little to do. That said I sold out of here a couple of months back and still read the posts of others.
Unfortunately I didn't sell out at the 60-80p point but I did get 39p. My thought process after seeing a RNS which talked about launch in 2022 was that the price would drift downwards - to be fair this doesn't seem to be the case and is holding well in anticipation of more good news.
While I feel there is a potential upward kick out of these shares I was starting to get worried that we had EU approval but no license agreements in place and I'm not sure if this is bad management or the product is not taken seriously. Neither option is good but I do think it is a bit of a disgrace on the side of management not to have a deal well through the pipeline in anticipation of approval and then seal the deal after approval. I work in med devices and I can assure you a lot of work goes on getting manufacturing scale up, commercial deals in place etc ready while waiting for approval - you don't just sit on your hands.

Folks,
Completely new to this share as just saw headlines so dropping in to see what the story is. After quick scan of RNS it seems that Kobold are getting 51% of the company for 15million worth of work. I'm sure I'm missing something significant here?

Everything progressing very well - just slower than people would like which is not surprising in this business - or it seems in most companies on AIM where people like to see potential for shares to multi bag within 3 months or less :). I have to admit I like that too but for the more patient this will pay very well.