Member Info for bignose58

And of course they did state it would increase liquidity....lol

Well….That certainly had a positive impact to the sp :-O

Morning The.Italian.

Well it certainly adds a little to the op update with more positivity on both the US and China fronts, however. I notice there will be a 20 to 1 consolidation (page 28) meaning there will only be near 230 mill shares in circulation. which would in effect increase the SP to around 1.5 which is certainly more than your 0,4 prediction....lol.

That said; with such a reduction in the number of shares will give them the opportunity to issue a shti load more to undeserving institutions with the effect of huge dilution to ourselves. This seems to be more likely than not, otherwise why not consolidate by 5 giving a more acceptable billion shares.

They also state they have 7 mill usd in the bank which as stated earlier in the document would see them through for the next 12 months, however. Does this also include the costs of phase III ?

Not much info on the manufacturer supplying Asia and recommencement of sales ?

Also, they state they have managed to sign their first customers (which means B2B, so corporations) regarding the DLI app yet no mention of what the terms are or how it will contribute to the 7 mill usd for the next 12 months ? It certainly would appear to be not a very lucrative deal otherwise they would surely be shouting from the rooftops ???

Yup, The usual smoke an mirrors on many fronts.

Well I would hazard a guess that Longevity is no longer flavour of the month. The white elephant in the cupboard will be put out to graze and they will move on to some new venture. As to what that is, is anyones guess.

Yup, since they were already a laughing stock, now they are just proving to everyone they were and are indeed incompetent.

Comedy hour………

But I’m sure it’s for some other reason than what they have stated since RPG had a carp reputation to begin with. How embarrassing Jim, how embarrassing.

Regarding terms of reference of the renumeration committee. Strange this would be uploaded first. And ominous since they obviously want to change renumeration for the quality work done in the last few years… :-O

The way FUM have proceeded in getting this far certainly makes ERPs efforts comical. And we were supposed to have had an unambiguous FDA way forward back in March 2014 !!!

If the market responds well to just a confirmatory RNS about a response, imagine what the market response to approval news could be….. lol

Results which could contain a small update re FDA and China due any minute now.

Morning The.Italian.

I see a small FUM RNS has been uploaded to say a response to FDA has been made and they are on track to receive approval in Q2. Luckily, I bought a few more a few days ago.

That’s 6 to 7 weeks before and after the rise so 12 to 14 weeks….lol

Is there really such a thing as a long pump ‘n’ dump ?
A rise to over 4A$ and back to 2.75A$ in a 6 to 7 week turnaround ?

And luckily for me, the buy was processed after the 7%+ drop..... ;-)

Only time will tell on that, however. It’s more likely they receive FDA approval than not.

I have also just bought a few shares in FUM, given the expected news re FDA. I really don't see there is any contest since the ointment contains next to nuffin....lol. The FDA approval alone should have some +ve impact.

Morning The.Italian,

Thanks for that. I must admit, it doesn't surprise me given, as I mentioned before, there must be millions of similar cheaper apps around. Only hardcore fitness/health freaks would probably consider it and then pay for it. Also, they obviously didn't have that much faith in it since apple only accounts for 28% of the market whereas Android accounts for the rest and felt that given the numbers, even Androids 73% wouldn't add up to much. It will be interesting to see if the B2B side creates an income. Although ERP quoted the Longevity market as being worth 83 bill USD, I'm even less confident now given the app obviously generated next to no income from such a huge market with absolutely no thought to the Android sector.

I'm pretty sure you are correct about the mobile phone apps. Can you imagine the number of similar apps which charge next to nothing for monthly use that there are out there ? certainly a huge number and many of those have been around for sometime in one form or another. Hopefully there is money to be made by 3rd party companies that purchase licenses and the more fruitful maintenance contracts. Only time will tell of course, but I wont be holding my breath for any large income amounts. They may just make enough to pay for JG's salary, if that. Probably best to sell the whole thing on once its sorted together with the DLI employees.

Morning The.Italian,

It would be interesting to know what the commercial deal is. Are DLI paid each time it is used or is there some short-term (renewable) multiple user license agreement? I could be wrong, but, given there must be many apps which are touting for the same business, I cannot imagine there is at present much income.

The.Italian, certainly cannot argue with any of that. ;-)

Morning The.Italian,
Did you spot the deliberate mistake ? I wrote JG’s salary as pounds, but it should have been in USD., even so. Still excessive. :-)