Member Info for idg69

A most eloquent narrative SI199 - Very amusing, the PC brigade will be spinning having read that one.

Cheers Reflex - it was a tough one. Past performance was/is very poor with FUM. I piled in big time in 2019 at 42p thinking it was onwards and upwards and the Phase 3 results would just be a formality - how wrong was I? since then I have been a little more reserved with my investing strategy. We're not out of the woods yet and this could easily drop back to 15-20p once the euphoria drops away.

Looks like my predictions for further dilution and a March 10p top up have gone down the toilet. I should have committed more funds at 15p but never mind you can't win em all. I don't think anyone could have predicted this mornings news coming down the tracks. All sounds positive and upbeat but only time will tell how good a deal this really is. At least we are not switching the lights off and the future of the company is on firmer ground. We still need to get that EU approval in the bag though and sooner rather than later. Good luck to all holders long and short term.

Oi, Ody, what about me. What have I done wrong to not make your list?

I'm pleased to see we are back in familiar trading territory. I could do with a quick visit back to 10p before the end of the financial year for a top up with what's left of my ISA allocation. I'd rather they do the fundraiser before the end of March from a selfish perspective. We can then move forward in 2021 on a better financial footing.

PFK - If you have any children it might be worth considering selling one of those too. This is going to explode imminently, I wouldn't want to be out of this over the weekend. A dead cert, a multibagger if ever there was one, don't let the train leave the station without being on board! A great buying opportunity, not to be missed at these prices. Can anyone add any further classic lines I have missed that haven't been spouted on this board over the years. Let's see if they drop an RNS today. Wishing all holders sane or otherwise the very best.

It's the last trading day of Feb tomorrow and not a jot of news from the BoD about progress on anything - pitiful. Did they have the FDA meeting this month as they stated? Will an RNS drop tomorrow morning? and if so will it be good news? I'm guessing they'll dress up a news statement to sound better than it is early next month and then do a placing at the end of March. The share price will drop back considerably on dilution and then gradually rise slowly as the FDA trial gets underway and EU approval lands later in the year. Just my humble opinion and I could be completely of course but that's how I see things playing out.

I think it will retrace back to the 14-16p mark and hover there until any new is forthcoming from the BoD. Why should it do anything different? A cash call with no EU approval or partnership agreement will send this back to 10-12p. Last week was just a false dawn in my humble opinion. GLA idg69

Up 35% over 5 days with zero news and operating funds running low - strange days indeed. Investors clearly have their brave pants on this week, or has pre RNS news been leaked?

Brilliant response Goldsmith - my sentiments exactly. A placing yes, bankruptcy no me thinks.

Very well said Bucolic - a vacuum of information coming from FUM, an excellent turn of phrase. Nothing is fuelling this rise but speculation. There are no facts to act upon at this time. The only fact that can't be disputed is that we are running low on operating funds and approaching Qtr 2. I have openly said I'm waiting for this to drop back to 10p for an opportunity to average down as I still this there is a positive future for FUM but they need more money to get there. I may or may not get the opportunity but I'm not too bothered, if it goes down I'll buy more if it goes up my current holding is worth more and I get closer to profit.

something to do with LOAM? - in my experience, usually is with FUM

Am I being thick? Whats LOAM?

ooh that's a big one! Do they know something us mere mortals don't? I hope not.

A blue day for FUM and we're still sitting tight around the 14-15p mark. I'm itching to average down but still feel a better buying opportunity will become available in the next 4-6 weeks when they come back to the markets to raise cash.

"Seen it too many times on AIM, companies in an apparent death spiral and then up over 100% a few weeks later." I take a little solace in companies like AFC that slumped to 4p after many years of research and development and little in the way of commercial realisation to now see them at 70-80p after finally getting the product right. Investor sentiment can change on a sixpence with a few good news stories - let's hope FUM finally have their day in the sun. I'm wearing my optimistic pants today, though I still see a near term drop coming when a fundraising is required.

The progress and news flow from the BoD is pitiful at best (a little like the quality of chat on this board at times). It's more than a little disappointing my friend. One thing I am surprised at is how this share clings to the current 14-15p trading range. With the poor progress of the company and its products over the last 12-18 months I would have expected this to drift south of 10p. Just wait till they come back to the market cap in hand for more cash, then it'll drop like a stone. This is a 'shampoo' stock if ever there was one - lather, rinse and repeat.

What's going on here. I've only been away a couple of days and the chaser appears on the scene having a right old go at poor Ananda, who from my thread hasn't actually posted anything. Am I missing something? Who is and where has the chaser come from? and why the serious negativity towards FUM all of a sudden? Please advise.

8p coming - now that would be a buying opportunity!

The only big news coming soon will be that FUM are placing a further x million shares in to the market to raise £x million to complete the FM57 FDA 6 month trial.

Hi Reflex, You do know that Ody is being sarcastic don't you? He is anything but a ramper. I find it quite funny at times. He's the Ying to Anandas Yang. Truth is none of us really know the future of this company/product. It could all go down the tubes or could make us all very rich. The market for this product is massive and Med3000 would be a breakthrough product if it does what the BoD claim with little if any side effects. You'd think with all that money sloshing around in the coffers of the big pharma players they'd want to snap us up at our lowly market cap. We can't even sign a regional marketing distribution/marketing agreement.

I'll be filling my boots at 8-10p should I be presented with that opportunity when the next fundraising comes around. The clock is ticking and further funds are going to be needed soon. If they pull a rabbit out of the hat and secure an upfront payment from a commercial partner then I'll just have to buy at a higher price but at least I'll know we have some security moving forward.

Not a single buy today according to LSE but still we stay above 14p. I notice the spread was down from 14% to 7% today too.