RE: Prospects30 Mar 2021 12:14
Hi Jet. The mere fact that this is a small pharma on AIM should give everyone pause for thought. There are lots of good reasons why this might turn into a multi bagger, equally it only takes the slightest thing to crash the SP. For example, both IMM and Futura were both on the verge of greatness, with high SPs going into phase 3 trials, but suddenly they found that the placebo worked so well that the principles failed to meet their endpoints. Both shares fell off the cliff, IMM still on the floor but FUM has decided to try and market MED3000, hopefully snatching victory from the jaws of defeat.
If, for example, the FDA trial happens to pick the wrong people, perhaps people who've tried rubbing all sorts of concoctions on their flaccid members to no avail, and MED3000 doesn't work for them, then it's doomed and the SP will tank. There will be lots of circumstances, some just bad luck, that could do the same. That's why I urge caution. I'm holding without taking profits because I made the decision initially that this was worth a punt, so invested what I could afford to lose, and I'm sticking to that. Might still top up if it does go to 48p though! That'll lead to some "Boo! Deramper alert!" comments, no doubt!