Member Info for hawkhead

I bet the region is a minnow, like they had with CSD for the likes of Croatia and Saudi Arabia where IIRC the upfront payments for them were extremely pathetic. They'll be holding out for a deal conclusion hoping it will boost volume and the SP, that's the only way they'll get a "reasonably priced" placing off the ground.

IMO it'll take years for the FDA to either approve or reject. When FUM listed in 2003 they had a deal with SSL partnering CSD which wasn't given a positive opinion until 2008. And TPR still hasn't answered questions.

Many more placings ahead if investors keep the faith and continue to support, but such placings will obviously lead to significant dilution and continual down re-rating of the SP. Over the years the SP "average trading range" has drifted down from the 60s, then the 40s, then 30s and now the teens with the odd spike/crash here and there. If you're mad enough to believe in this lot with their unpatented unapproved placebo, then now is certainly not the time to buy anyway.

Strong sell

Eatmyshort, if FUM don't manage a placing they'll IMO call in the receivers in Q12021. That's my bet.

IMO there's no other option but to raise more shareholder funds. If (and it's a big if) FUM do get someone to partner MED3000 it's more than likely any upfront payment will be small. IIRR the upfront payments from C&D for CSD and Thornton for TPR were in the region of £300k which is barely one month's cash burn.

And if the wheels are set in motion for another placing, Lombard will "most likely" ("obviously" IMO) be approached and I'd be very surprised if they didn't sell a substantial part of their holding to buy into a new placing, and given the pathetically low volume and lack of interest in FUM, the SP is almost certain to tank to historical lows.

All IMO of course, but all very messy.

This just has to be a strong sell

If not, it's good night vienna

Strong sell

I see another crappy little bio-tec Immupharma (IMM) are also at it with announcing a meeting with the FDA as though it's some kind of ground breaking achievement. Big wow. But it always sucks in the usual mugs who think they can become millionaires with these awful little AIM companies with their year after year constant placings, no dividend and paying the directors huge sums of money. You must be brain dead to be fooled! But hey, FUM will be receiving the MINIUTES shortly from the FDA. Yes..... the MINUTES! That's sure to cause great excitement on here lol.

Strong sell

lol, eatmyshort, Barder has been harping on about interested parties for nearly 20 years. But look at the last reported revenue ......... a big fat ZERO. That tells the whole story and nothing but the story.

Don't assume that interest in a further placing will be a formality. Ex II holders such as Blackrock, Ignis and Octopus eventually saw the light and sold out, never to return, and now FUM appear to rely on Lombard who, instead of being long term investors (initially) like the aforementioned IIs, appear to be random high rollers who trade stocks (like they successfully did with FUM in 2019) but now seem to have been stuck with 50 million shares with such pathetic volume they can't get rid.

There are a few angry and bitter FUM shareholders on here, you can tell by the aggressive nature of their posts with the childish name calling. That in itself tells you what's happening here - frustrated holders sitting on huge losses who have dug themselves a deep hole out of which they can't get out. If they weren't so obnoxious and rude I'd feel sorry for them.

The signs are clearly there. But some are still too blind to see.

Very strong sell

Not too sure if they will raise funds, eatmyshort. Lombard at the last count had over 50 million shares. They were able to dump loads throughout 2019 at a highly ramped SP with very high volume (the daily average was well over a million, but far lower this year) pre-empting MED trial results but been a disappointing run this year with hardly any opportunity to dump sizeable chunks.

It also depends on how Lombard has faired in general with the covid issue. Given FUM's appalling delivery record on top of all that, will Lombard want to throw good money after bad?

I think we'll get a clue if they decide to start selling ........... but getting rid of even a fraction of their 50 million holding will prove extremely difficult, especially when they start releasing holdings RNSs which may cause some panic. Rock and a hard place springs to mind!

I wouldn't touch FUM with a barge pole. Strong sell

Viagra far too strong to compete with. No gap in the Market for another ED treatment. Hence why nobody partnered MED2005, so why should MED3000 be any different? Oh, because James "punchy numbers" Barder says so (lol). Keep trying to prop up that SP Jim lad to try and get a "decent" price for the next placing, are we?

This will all end in tears, and I'm not talking about bozzo boris's tiered system.

Hawkhead's forecast:

Limping along at this SP for another couple of weeks then a pre xmas crash and a placing of another 50 million shares at 6p a share diluting the shares a further 20% providing the directors another year's salaries for doing nothing. Or a failed placing attempt and bust by Easter.

All IMO of course

Strong sell

Less than a million by my revised reckoning. They're leaving it late. Stagnant SP in a bull market doesn't bode well.

Extremely strong sell

................ drops again.

MED is looking for a gap in the Market that doesn't exist. Viagra is far too strong a brand name and is more than sufficient. Just like CSD was always doomed to fail because Durex was far too strong a brand to compete with.

FUM have got weaker and weaker and are now limping along clinging on to an unapproved, unpatented placebo. CSD dead, PET dead, TPR (dying?), earlier formulations of MED dead (hey that rhymes). About time this sick dog was put to sleep.

ED is a state of mind anyway. Maybe "so called" sufferers should change their woman. That might do the trick.

Very very strong sell

Thankyou for your kind words Eatmyshort.

I wouldn't buy FUM at any price, even after a heavily diluted placing. Viagra has completely cornered the ED market and is such a strong brand name it hardly needs to be advertised. I cannot see anyone willing to take on Viagra at huge advertising cost to cater for a very small percentage of blokes who can't take Viagra.

So it's proved. Nobody was interested in partnering MED2005 so FUM came up with the story about wanting to go it alone to build more product value. But hey, now they want to go down the regional deal route again with MED3000, the same regional deal route which spectacularly failed with CSD with several pathetic little deals fizzling out to nothing.

The FUM directors are all over the place and haven't a clue what they're doing. Well out of their depth. MED in whatever form will never be commercialised.

Very strong sell

Interesting to note that FUM were extremely close to being insolvent just before the January 2020 placing, with net assets of just £53k as at 31/12/2019. Talk about walking a tight rope!

And what have shareholders received in return for that £3 million fund raise? A couple of meetings with the FDA. You couldn't make this up.

So all eyes on when the next placing may be, and at what price. Problem here is that FUM seem so reliant on Lombard. I wonder why no other II is interested? Answers on a postcard!

Very strong sell

You really need to do some research on your own investment, bubonic. No Adams or Lombard holdings RNSs suggesting they were dumping. Rather puts the kibosh on your silly post.

Cash burn. Do the math.

Will a partner be willing to pay any meaningful money in a deal for an unapproved, unpatented placebo? A months worth of cash at best IMO. Which leaves the only other option of yet another placing, going cap in hand to Lombard most likely for the THIRD time. Hope FUM didn't make any promises to Lombard the other 2 times about delivery. Maybe Lombard will oblige this time though with a heavily discounted placing?

Good luck all FUM shareholders but I really do think this is a strong sell!

Cash at 30/6/20 = £2.6 million plus receivables of £400k less payables of £950k = approx £2 million.

Monthly loss = approx £200k so my estimate is FUM now down to their last million. Less than 6 months before they run out.

Worrying times for FUM shareholders, especially when they only have an unapproved unpatented placebo in their locker.

Wow, such a strong sell!

I'm talking about Brucie claims that Henderson and UBS are substantial shareholders. Please can you show me the holdings RNSs? TIA.

On the subject of "substantial" shareholders "apparently" being knowledgeable then feast your eyes on this:

Major shareholders at 9/12/19:
Lombard held 26,514,477, SP 29p; value = £7,689,198
T Adams held 14,288,415; value = £4,143,640

Lost approx £4 million and £2 million respectively the next day when MED2005 failed. OUCH! Lombard and Adams know nak all.

Just a few months cash remaining.

Very very strong sell

PS If only you knew .............;)

If only you knew .......................... ;}

FUM = Overvalued by £36.84 million
IMO of course ............ ;)

PS - Edit after reading further reply. Henderson & UBS substantial holdings? Wrong BB? LOL. DYOR.

Extremely strong sell

Barely 6 months cash left. ANOTHER fund raise almost certain. Will Lombard throw good money after bad? Will they start to sell into another placing? Is anybody actually interested in FUM's unapproved unpatented placebo? Doubt it.

Very strong sell

Either going bust or heavily discounted placing?

FUM = extremely overvalued

Very strong sell

"Now it's groundhog day all over again as it's rinse and repeat time with MED3000. Again nobody is interested - it's a pile of junk only bigged up by FUM's own very well paid directors. Hmmmmm, I wonder why!"

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NAIL ON THE HEAD!

Very strong sell

It's a good job bluechip****** and his imaginary contacts are mopping up these "cheap" shares" (even though I can't see the evidence) otherwise this would be tanking even more.

Level 2 very weak, it won't take much selling for this to fall through the trap door.

Very strong sell

I laughed all the way through that video. Pure comic genius. Hey, Jim boy, what about the punchy numbers? LOL!!!

Strongest sell on AIM