Member Info for bald_eagle

How long is a Chinaman!!

Thanks for digging. I believe in the past that Futura (re. CSD500) made a right mess of getting regulatory approval, it took forever. BUT I believe MED3000 is taking an easier regulatory path and Futura have employed a professional third party to submit & progress the application....so hopefully silly mistakes that cause unecessary delay will be minimised.

But I suspect a lot depends upon the workload of the regulator, MED3000 might be at the end of a long queue. And with CoronaVirus disrupting normal business (through staff sickness & social distancing) there may be extra delays in getting approval. I suppose the results in September should allow Futura to shed some light on the subject.

theItalian, thanks for the clarification. Yes I agree with you.

Next question is when the EMA approval is likely? I know investors want it this year or very early next year. Is that feasible?...no idea. Especially with possible delays caused by CoronaVirus (at the regulatory body).

I suppose I should look on the positive side - if further fundraising is required - another opportunity to buy shares at 6p or less!! Keep the Faith (as 'the Joker' would say).

theItalian, just one thought. You seem to suggest that EMA approval may trigger "upfront licensing payment/payments,milestone" (etc) to provide a "reasonable degree of income".

I'm not so sure. There could be a reluctance to supply much upfront cash to the deal(s)....just as likely is that any distribution partner would base the deal on how well MED3000 actually sells via royalties. If that is the case then FUM will find itself short of cash fairly soon. Indeed IF the FDA does come back in July with further testing requirements that could cause a dilemma for FUM management. Delay FDA submission - whilst pushing ahead with EMA in the hope of getting the upfront payments (IF they are available) OR try to raise extra funds.

Obviously only time will tell. Perhaps Mr Barder is beating potential partners off with a stick and he can secure an incredible deal(s) for Futura. I'm not convinced his negotiating hand is incredibly strong. That is probably where I differ fundamentally from 'some' investors that post on here. I still want my 13p (or even better 20p) though.

Good luck and keep an open mind.

theItalian, as ever you approach the risks with an open mind and are happy that they are acceptably low probablility. Fair comments IMO. It's the balance between risk & reward that can be very hard to judge especially with AIM stocks. Having people hyping the stock who may have ulterior motives makes decision making even harder. But at least you - and some others - are aware of some of the risks with FUM.

Does anyone have any idea on how long it takes to get EMA approval? As you pointed out that could be critical in terms of needing additional funding. Unfortunately there is the possibility that coronaVirus will add to the time it takes to get a decision (staff off sick etc). So Futura may not be immune to the consequences of the virus as was hoped.

I don't really see what faith has got to do with investing...or is investing in Futura more akin to following a religion?

"Trust me, the placebo does work...but we don't know exactly why!!" (High Priest of Futura)

" FUM will struggle to keep up"
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A strange comment from you BlueChip....Futura don't manufacture the product, they are a virtual company that own the IP. Perhaps they will struggle to count the money that is flooding in....another cracker from 'the Joker'!!

WHEN??...I ain't getting any younger. You suggested last 1st April to reach 108p but that was obviously an April Fools joke from 'the Joker'.

"The Company believe that further significant clinical cost will not be required in relation to EU approval based on its past experience of obtaining EU medical device approval. In the USA, Futura continues to be in consultation with the Center for Devices and Radiological Health (CDRH) the medical device arm of the FDA over data requirements, however the Company does not believe that a further significant study, similar to FM57, will be required to support a MED3000 filing, but any additional clinical data and therefore expenses will depend on the finalised requirements expected to be agreed by the end of July 2020. "

Hopefully we don't get an RNS in July saying that the FDA want further expensive tests...that could throw a spanner in the works (fiscally).

"Company expects cash runway to be sufficient to Q2 2021, based on significantly reduced R&D spend and current activities"

After that....possibly further dilution. Unless they negotiate a deal with some sort of upfront payment.

PS: Is that the start or end of Q2? Worse case FUtura could be seeking additional funds by end of March 2021...and investors should bear this in mind. Obviously if Mr Barder does his stuff and secures a good deal (multiple deals) then that could ease the pressure on cash reserves. Perhaps the BOD could even take a pay cut or be paid in shares!?

BlueChip, submission is just the start of a potentially quite lenghty process....it seems unusual to celebrate when the gun is fired to start the race!!

But based on other pointless RNS's lately that have triggered a bit of a buying spurt there seems to be an appetite for any news...no matter how meaningless. As long as I get my 13p (possibly 20p) I won't complain...too much!!

'WONDER PRODUCT'...you slipped in a bit of ramping, I almost didn't notice!!

President Trump will start referring to MED3000 as a cure for COVID-19 next!!!

BlueChip, what news are you (we) expecting in July?

Is that when your target of 108p will be reached?

They must have approx 39,000 tonnes of relatively high grade ore (1.81g/tonne) that they have mined but been unable to process....containing approx 1,800 Oz of the gold. So this should give production figures a bit of a boost during the coming year.

The sooner they can get to 45,000 tonnes per month the better....BUT it wouldn't surprise me if some of the machinery they are expecting to be delivered is delayed given the current shutdown of many economies & presumably the manufacturers of said machinery. But fingers crossed.

BlueChip, I don't de-ramp...unless it's unintentionally. I just point out what some may or may not know (especially newbies) to give a bit of balance to some of the more hyper-positive views (108p per share anyone!!).

Indeed I want it to get to 13p (or perhaps 20p) so I can bale.

So it looks like you want the SP to fall but ramp the share with a target of 108p....and I want the SP to rise but point out some of the risks & dangers with this company. We are an odd couple... we aren't the same person are we?!!

I must be slightly schizophrenic....being accused of being LordtopUp, some Hawkheaded god, anyone who is negative about FUM in fact. So one more 'personality' wouldn't phase me....there's plenty of room in my head to accomodate someone else. Although I still think your 108p target is even a little crazy for me!!!

There seem to be quite a few basic mistakes in the report...typos most likely. I'm not used to seeing that in a final report, such things are usually double checked...almost like a rush job. Someone didn't check it properly.

There seems to have been a big problem during H2 with the processing side of production. This is a little unexpected and disappointing. Hopefully they have a grip on things now....but it doesn't bode well for their plans to process 850,000 tonnes of ore per year (and long term 1,000,000 tonnes).

I thought the $10m bond was fully subscribed...I wonder how that will impact the companys finances (currently a $7.4m shortfall).

Let's hope they start doing regular updates once again, it would show that the figures are looking good. Isn't it 'strange' how a company hardly ever update when they are doing poorly!?

BillB, it was entirely expected. I believe we were discussing the prospect that gold production wouldn't meet investor expectations a few weeks back. It's all about the future with Altyn.

It will be 'interesting' to see how pubs & restaurants handle the social distancing rules....Pirates of the Caribbean time, "...more what you call guidelines, than actual rules". Until inspector plod starts closing you down for extracting the urine.

Difficult times ahead for certain sectors of the economy....hopefully the scientists will find a solution quicker than expected.

I can imagine that one of the requirements for being allowed to go on a cruiseship is that the passenger is vaccinated. Added to that the possibility that it may be difficult to get holiday insurance unless Bill Gates has personally injected his vaccine into a buttock.