Member Info for Jet7

Once again there are many buys showing as sells. The buying is outstripping the selling massively.

Brains, you are correct and that is why I and others are still in, but when you view the Proactive videos and the endless forecasts/predictions and within a period of 4 months the share price crashes we have a rights issue to save us, leaving shareholders some of who have been in for many years and now with a fraction of their original investment. You would probably feel aggrieved also. There is enough risk in the product without the iinept management assisting in its demise.

Rhodi, , I will have a guess that your £40K is now 10. This is going to play out in the next 15 months and if Futura hasn’t delivered by then it will be no more. Daring investor is right , time to put up or shut up now, I also think you should find the money for a tank of petrol and confront JB. I am in a similar position as you but now time to move on and best for you to put your points directly to the board.

There are two great posts on ii both from mark the mango and zero v , which show exactly the damage that the dilution has done. I actually feel we have been lucky to get away with what we have under the circumstances. Could have been Armageddon if the dilution had not been taken up. I now believe that we need to look forward to 2019 and hope all results work in our favour , then I think the debacle of 2018 will be long in the memory.

rhodi, you are correct in all you state, at the time I was puzzled as to why the former financial director left the company at a point when everything was about to happen. I think you could be right , why he would he not have stayed for a further year or two to see these products bought to market. As for Angela , I personally would put the decision not to raise money with her when the share price was around the 30p mark, this should have been run in parallel with negotiations in case they fell through. You mention how large the share holding is of our largest institutional investor (Lombard) because of this raising of capital that too worries me as I have stated previously. I personally think that the pair are just inept, with all the other shareholders paying the price.

Going forward from here PATTSV, I see it progressing just how you say. Once the final monies have been raised from the existing shareholders there will be a short period of time when the share price remains dormant, but as we get into next year this should imo will start to rise rapidly in expectation of TRP with the jewel in the crown in waiting at the end of 2019.

Rhodi I believe you should put your disgust to one side for a moment and stay with it for another 16 months, you are obviously a passionate guy who through your posts and time with the company deserves better. I agree in the very least there should be an acknowledgment from JB and the board that mistakes have been made so that we can all move on and hopefully be rewarded with our loyalty and patience.

With hindsight these seem to be totally stage managed , all questions to suit JB with no real probing on vital areas of the business.. Think Proactive need to look at how they interview in future.

Green 43, I also congratulate you on your forecasts, I certainly didn’t see this coming. Well done to to PATTSV on his posts yesterday of JB’s Statements , must have taken a while to put them together and hopefully will embarrass JB as there are far far too many bullish quotes that have not come to fruition.

However I am amazed at the level of selling at this level particularly when you consider the company has been successful raising the required monies last week to get it through next year. You may well be correct in saying that you will buy back in at 5p. But for the return of money I am getting at this share price I for one am not selling and would rather walk away with nothing compared with the risk of a rapid rise in the share price which I hope will be coming. I am looking to buy in more in the coming weeks and will increase my holding substantially at what I consider to be an unbelievable price for a company this far down the line with potential blockbusters. There is too much hatred towards JB and I believe it is blinkering share holders into making what I believe and hope could be costly mistakes.

Parasit , I think that is a great point which I have not given any thought to and I hope daring investor will come back with an answer as I do not have one. On the same point , we all know how inept the board have been which cannot be defended but as someone pointed out they are a firm of just 14 personnel (no excuses) and British at that, but surely they would not be putting all their eggs in one basket with Med when they already have two great products that are similar. They have TPR and CSD both with great prospects if they pursued them. Why would they now be pursuing Med , they must have a good idea as to the likelihood after the previous trials and having bought the other two products to market. We already know that the 0.2 dose shows better efficacy over the placebo.

Although there is bickering on this chat room, all of us posting here are in the same position as one another feeling duped since the beginning of this year as to exactly where our company stands and how we have got here. It is however over the last 4-6 weeks that the real damage has been done. The board must have been aware shortly after April that a deal was unlikely to be struck when you listen to the change of tone from JB saying it takes both parties to agree or words similar. The board should have been investigating raising money in parallel with negotiations in case this scenario arose , and if they had we would not be where we are today.

I am obviously as sick as all you guys , but it is where it is. So now I say to myself what is the best option from here and although I completely see and feel the likes of rhodi and others with their anger, I believe individually we should all consider buying in at 7p and if needs be sell shortly after as I am sure the price would rise in the short term with a strong up take.

Surely even this board of directors cannot make any further grave mistakes of the magnitude of the past , as how can they put their foot in it any further as it seems to me hat very thing is in place and it’s now down to trial results.

Or am I just thick and naive?

I have to side with daringinvestor and agree Med has unbelievable potential and all the results this year help to point in that direction. The efficacy of the 0.2 dose over the placebo and the publishing of these results. I unfortunately have believed every word from JB from his proactive interviews. This has lead to me now having to average down and continue to back my belief or get out at a huge loss. I will be taking up the forth coming offer and probably come up with even more money at this level to make my investment Look credible. It is a huge punt for me!

One worry I have waiting to see if I am right with my opinion is the power that Lombard now hold over the company with their large percentage holding, and if they use this to the detriment of other share holders.

Looking forward to hearing what PATTSV & rhodi have to say!

I Quote, Directors of the company have indicated their intention to subscribe for new ordinary shares. Now I know why they have not been buying up until this point. Total joke!

JB has completely lead us up the garden path, is this what he refers to as “Punchy Numbers”, The board needs to be replaced now! Going down this path will lead to a 50% rise in the offer and the board are unanimous that this route is where the company should be going. I feel totally ripped off by all JB’s forward looking outlook.

PATTSV, you are totally correct in your summing up and I understand your anger. I am however still a believer in the product and the company, I am surprised that investors are now selling at such a paltry price when the potential still remains. Surely the company now have to come forward with a statement regarding the funding of the present trial to reassure investors in order to keep them onside, JB had the chance of stating this on Proactive but nothing came out. Selling at this stage works against both the company and the investor themselves.. like others I am 60% down and probably 70% after writing this, but will be adding more and just keeping my fingers crossed the JB and the directors actually do care and bring home the bacon.

Surely the board haven’t unanimously gone down the line of funding phase 3 trials without knowing exactly how this is going to be financed. The interviews on Proactive do appear to be stage managed, there is no mention of whether or not they have enough money to get through this without raising more capital. It appears that FUM will be approximately £3 M short to get us through the first stage and this now seems to be the main drag on the current share price. How low can this go with its potential. Management still have a lot of questions to answer. ASAP.

I could not agree more Monty, 2 years ago the share price was in the 60p range. Since then the products have all advanced in their own right and yet the share price languishes at 1/5th of this price. Managemement are unanimous in that the way forward is to take Med into phase 3 trial which will give a 50% uplift if results are good.. Yet still at these levels management do not ffill their boots in anticipation and even more , two of our biggest share holders have both recently reduced their share holding. Management must have some inclination of what the Med results are likely to show after the phase 2 trials and since bringing a not too dissimilar product to market in CSD and yet they still fail to invest their own money into the company. Why? Also on top of this JB has expressed that negotiations involve PUNCHY numbers.

Well James you have stated how it is, 18 months shite or bust. Like many other holders I am well down on my investment here. I am a holder and I’m watching in disbelief how many sells are going through. It is hard to stomach the share price today after what we have been lead to believe and levels and period we have been holding for. I aim to invest more , but just like PATTSV and many others cannot hope to bring it down anywhere near where the share price languishes. I am sure and posts tell you James that some loyal investors have invested large percentages of their hard earned money and what is now sky high prices. Please in future clarify clearly all that presents.

Results as expected , mistakes have been made but now is the time to get behind the company and stop further slating. I believe JB & must have taken on board comments over the past week , looks as though the company is up for sale so let’s hope the share price now starts to drive up and Lombard do not sell off further stock. All about phase 3 now if all goes well we will hit the jackpot.

The drop is completely down to JB’s punchy numbers. Who in their right mind uses those words when in negotiations. Surely it is obvious that if you were at this stage of proceedings it would make any parties you are in talks with rethink what are are offering. Then a month later he advises us that it takes both parties partake in negotiations. I think it was by this point that third parties had withdrawn from making an offer at this stage. The confusing words in the latest interview regarding using the Med gel within 5 minutes. What exactly does that mean? Now with Lombard selling stock, Why , is the question at these levels. Hopefully there is a good reason for this, we wait to see. But to see Futura at these levels when basically nothing has changed and we have a potentially block buster drug in phase 3 trials along with Med and the pain relief gel 9 months or so away , I look in disbelief at the share price heading for a single figure price tag. Tomorrow JB needs to steady the ship, but now has to be an unbelievable time to buy the stock and reduce your average.