Member Info for chrishutch

Morning all

It’s flat and it turns blue with the smallest buy. Watch and learn

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Looks ready ha

Someone sounds worried, if this goes blue we will laugh

Small amount at 3.37then up

Looking strong all of a sudden

Ha

Https://x.com/fsnantibodies/status/1800814337680195588?s=61

Growing it seems

I bought on that dip,

Seller out and marching backup

They don’t need cash, they have a runway into 2025 and are close to cash neutral, with the expectation of profit this year but putting that aside. Any desire to raise would have to be above 4p or would need share holder approval.

Your other comments…

1) revenues limited, Yes the revenues are smaller than they once were, but so is the share price. The share price is currently attributing next to nothing for the revenues they do have. But you have to understand this was not company specific issue, the whole world and markets went through a challenging period.

This is one of the reasons that investment down here is so attractive. The difficult part is over and the company is growing in revenues once again. In more fields and service areas with less costs.

2) BoD paid in shares, hmmm not sure how an incentivised board can be a bad thing.

3) stringent cost cutting. Again yes they cut costs and reduced over heads, which is something most would like to see in investments. Also the smart thing to do whilst revs were lower.

4) reduction in headcount, was probably a very un please t thing to do. Lots of companies did the same. However, they are not running a charity and therefore a difficult but necessary exercise. Now that revenues are increasing they are rehiring and growing,

5) delayed orders, due to clients also going through a tough time some contracts were delayed. Fab learnt from this and diversified their client and service list to make sure they would not be client specific in the future.

6) need for cash. They have said they enough money to reach profitability if all goes to plan and if not then a cash runway well into 2025

Re: 750,000 in orders. It is common business practice to not pay ahead of work being done, unless of course either party is tiny, like a builder needing money up front to do your driveway, this is not that.

This to me is a smart move, the more passive income they can generate post services expertise is good for fab. It actually benefits both parties.

They said in regards to contract:

£200,000, all of which is expected to be recognised in the current financial year. Additionally, royalties will also be due on commercial sales of the final product once successfully approved.

It will be interesting to see what royalties if any, come on top of the fee. It could be huge, could be not much, but it would be a passive income stream

Boring day eh

Only change to share register is marex who now own just over 3%, directors haven’t sold a share, I would like to see them buying as soon as not inside.

“Americas”