Member Info for backinblak

Well - I'm definitely buying in again (I sold out previously). Don't know if this goes down in short term but surely now the medium/long term is solid. As long as you're not a day trader this should be as good as any share.

I'm only a casual observer on this board but I was going to dip my toe in again after having purchased a small amount about 6 months ago. One thing I noticed is that the Market cap of this company was ~4mil until quite recently and then there was a placing done. Instead of diluting the SP the market cap just seems to have increased to ~7mil. I know sometimes the value goes up due to reduced risk when additional money comes in but this didn't fluctuate at all - just added the money onto the top line which I've never seen. Am I correct in how I'm reading this?

Folks - where/who do you buy your EDL shares with? I purchased EDL previously using a broker here in Ireland but for some reason the broker will no longer buy EDL shares. I think just not dealing with Microcaps any more. I also have a degiro account but EDL not available to buy on there either. Is there a broker with small fees who accepts account holders outside UK?

Thats crazy - retired at 47 - as in crazy good. Just wondering how are you going to fill your time going forward? Following HZM SP? :)
I'm to presume its is your dabbling in shares that has allowed you to retire at this age?

Hi Talatum - Agreed but at same time my point is still valid. We can't assume the board is on a gravy train just because they raised money again and I take your point, II's aren't always a fountain of wisdom either.
Basically I agree every AIM company is a gamble and you need to do your own research. For me if we forget the history FUM is in a strong position (undoubtedly the strongest its ever been in its history) and with an approved market. If I'm honest I would have thought this would be hovering at 80p plus now but sentiment counts for so much on AIM and FUM will need to prove itself before it really starts to climb and that proof may take a few months and more.
That said I'm prepared to wait and if we see low or sub 40's I'll probably buy more.

HI Geordie - a lot of good points in what you said but I was once an employee in a company which was taken over by a finance house and its fair to say they know how to get their pound of flesh and ensure that value is being added to the company.
I can see your point exactly - how do we know that the board aren't just trying to keep this gravy train going with this latest raise but I'm comforted by the fact that the interests of the institutional investors and ours are somewhat aligned and its not as if they haven't looked at the raising of this money through the same lens you have. They will have ensured that the FUM board and management are 'incentivized' to add value to the SP. I would be more worried if this was a huge raise from retail investors who individually had little clout and no conditions attached to their purchase.

Bucolic - I was in exactly the same mood this morning and part of me was thinking well if it hits sub 40 I'm definitely going in for more. Wish I wasn't so greedy now !!
Nevertheless good to see it climbing - you do have to wonder where this climb is coming from though.

ha ha ha - Ody - you must be very busy alternately posting as LB and then as yourself. I like the way you made concerted effort for the posts to be sequential to show authenticity lol.
Anyway you have some neck to be on here telling people how to invest and lecturing when you were the one who said at13p that you would buy in at 10p. You missed out bigtime on that one which is fair enough we all miss out on different shares but to come back and start mocking/lecturing people who invested - well I'm beginning to think you are not mentally fully there. So you sold at ~30% loss and you missed out on a 4 bagger and you're telling people how they should invest in this share!!!!!! Think about it.

Wilco - I can't see LB posts as I have him filtered and really haven't an appetite to unfilter, but if he is posting false statements it would really be better to report those posts. (actually if everyone reported him we might force him to change to another alias - as he was previously Odyseus and quite bitter with his situation)
Also since I filtered him notice that the whole board has become about what LB said. If everyone filtered him we could carry on with meaningful discussion. He is loving this.

I wonder if it gets mentioned in mainstream media over the weekend how that could affect SP???

HI Jarv - you are correct the market is big but I still think we're only tipping the iceberg here. What excites me most about this is the fact that due to the zero side effect and that it will be OTC I believe every man - (suffering from ED or not) will want to try it out? I certainly will purchase it once available.
If you think about it, because of the side effects of current ED medications it is only prescribed when necessary. Whereas if there are no side effects and it even packs a little (or large) punch then every man is going to want to try it out - unless of course you're in the 16-26 age category and you more likely need slowing down but I could see most over 40 men wanting to give this a try and now its OTC so no need to explain to a doctor that you have no issues but just want to give it a go. Now imagine the size of that market $$$$$$$$$$$$$

Hi Warren - I cant see LB posts now as I filtered him but I can tell you he told us his position when he was here as Odyseus. He bought about 1000 shares when we was just finished college hence he didn't have much money to spend on them so has had a interest for years and does qualify as a LTH. He purchased them at 80p that time though so is quite sore about that and what has happened since (understandable) and was hoping to get back in this time at 10p. When they hovered around 12 to 20 p he kept saying all the same negative points focusing on the fact that EU certification would need more money etc etc etc. End story is that instead of getting in at 12/13p he said he would wait for 10p when they fund raised. Obviously thats a sore one if you were looking at it while price was at 13p but got greedy and waited for 10p only to see the SP today.

I've since filtered Ody/LB so I can't follow much of those posts so starting my own!
My thoughts on SP rise here is that it will need the EU commercial deal alongside the cert to really make significant difference from here. They soundings from JB are positive on the commercial front but you would like to see hard facts.
The US side while important is a while away and so not expecting a rise on that front but would be nice to see partner stump up for trial much like china - if that happened would be another SP boost. If we have to fund it'll depnd on what income is ocming form EU.

Absolutely - we will definitely get cert. The recommendation is 99.9% followed by cert.
I expect that the commercial deal(s) will be revealed at the same time. My expectation is that any commercial deals would be hinged on getting the cert and thus won't be announced until this is formally in the bag. Of course maybe it won't - there is an argument that the deals could be announced on the premise of receiving the cert and if its the case then why aren't they announced already but for me I would hold off on announcing until cert was in the bag. Partner may not want it announced unless formally approved also.

Ody - Why are you posting links that have nothing to do with your point? I guess you think the casual user may think you have data to back up your point?
Also yes - we all know the FDA is asking for a 6 month trial - this is a great result for us.
Finally luckily for us you are not on a regulatory body because neither the FDA or EU have expressed and concerns or reservations about side effects of MED3000. Only ask from FDA is that it is demonstrated to work over a longer time period.
I'm going to have to filter you now same as I did when you were here as Odyseus - be proud of the fact that you are the only person I have ever filtered since I joined these boards :)

Ody, you're absolutely wrong on nearly all of what you say below. No warming lubricant doesn't just give you an erection so no study will work. This has been proven to give erections in large percentage of men and has eu approval. Of its so simple why were you saying yesterday that we may not get approval for otc in eu and that US will be very difficult. Sorry but no matter how many different names you use im going to have to filter you again

Ody / Hedge fund - don't think it will matter whats written on it - men will want it.

Ody - doesn't exactly keep me awake at night! Don't really find it that intriguing. But I'm sure you can see a negative slant to it.

Liam - you know so much and yet when you were here as Ody you didn't know enough to buy in at 12/13p . But good to see you still have time and believe it is worth trying to push price down so you can get in.

Italian - I agree. Also feel comfortable in the fact that EU approval will be confirmed in a few weeks along with commercial deal. The details of the commercial deal will determine whether we go up by much or not. I'm hopefully not too blinkered but I can't see a case where SP goes down over the next 2 months given we have EU approval in the bag. In reality FUM is at its strongest its ever been which doesn't match the SP so I see some road for SP to head north.