Member Info for JimPrice

The fall back to mid 5s from the last rise was due to a delay in the PoC. IMV bad news is now priced in and fairer value is around where Miton bought in not so long ago. Fundamentally we read better than then. News is certainly overdue and the BoD owe us an update. David Main in his presentation last month did allude to the need to provide news and that they are working on it.

Jason Cowan with the FBT team last week. "Out with friends" is his post on Twitter: https://twitter.com/jasonhcowan/status/857450744374378496

All the bad stuff has got to be priced in now. Can't see us drifting much lower. I'll be using the opportunity to average down over the coming weeks. Inevitably this will bounce. We have no immediate fears of placings or death spiral CLNs. It's a patience game now.

We can probably expect volatility to remain until a new CEO is in place. The uncertainty after Aziz's departure hasn't helped market sentiment one bit even though the company is financially and operationally better now than it has ever been.

1- Aviva are selling gradually in a manner which is sensitive to the share price. 2- They reduce in intervals of 1% and sell ONLY into strength. 3- When they report to the market there is a break in selling giving the share price time to rise. Aviva’s sell price on each offload has been progressively higher. 4- They have given 4 notifications in the past 4 months and the share price is currently 50% higher since they started offloading. 5- It is in Aviva’s own interest not to ‘frighten’ the market in order not to drive the share price down and harm their own interests. If they are intending to offload more in the short term they would not have issued their notification today until they have completed this round of selling. 6- Corporate disclosures are not mandatory per percentage point; they can declare at 10%, 5% and 3% thresholds. The fact they have notified today is an indication the selling is on hold until the SP exhibits further strength. 7- The price action throughout today has been completely indicative of this. Buying has consistently gone to NT which points to a shortage of stock. Even into close it was difficult to buy. We may have a big background buyer or simply that demand is outstripping supply in the lead up to transformational results. 8- News is imminent and the year end results have the potential to rerate the share price. Any remains of Aviva will be flushed with the volume should they decide to sell their remaining holdings. 9- We are going through a transformational period of recovery which will attract new investment and bigger players over the coming months. There is a reason why institutions such as Aviva and others took such a huge interest in this company some years ago when our market cap/financial health was much stronger. Stale money will be replaced with fresh sticky cash. 10- Aviva have been selling assets in a number of stocks as a matter of policy ever since they took over friends. They are currently selling a large arm of friends for £750 million. Aviva is not the enemy. In fact their selling is aligned with our interest. These opportunities don’t arise often on AIM with such a low risk high reward ratio. It is time to be locked in not locked out.

Phoneix, if you are in here as a 'speculative' investment with a 4p target for next year you sure haven't learnt much over your 32 year investment career. I don't mean to be rude but your post was a complete ****-take my friend.

Anyone here attending the event and meeting the company? Feedback appreciated

Is the company trying to get some excitement building towards the POC results? Certainly looking positive. I envy those buying in now!

Forscene put this out today, interesting read: https://www.forscene.com/blog/online-video-platforms-replacing-live-broadcast-tv

FBT is certainly an attractive undertaking for the incoming CEO. Great tech, refocused strategy, improving balance sheet and plenty of cash with no debt and ongoing collaboration and partnerships with international companies. With a market cap of £12m this as an easy company to sell. Hopefully a CEO is announced sooner rather than later to steady this ship.

The market knows first, check the volume mate and you'll know this is no leak. When the market finds out you often see a flurry of trades. 0.13% of the company's share capital traded today, one of the quietest days we've had.

That's a good point. With the devaluation of the pound following the brexit referendum back in June our $ revenues will convert to £s at a premium for H2 2016. Looking forward to reading the year end financials due in the coming weeks.

David Main, Forbidden Technologies Chairman, commented: "After achieving year on year invoiced sales growth in the first half of 2016 of 25%, we accomplished 59% growth in the second half of the year. This encouraging upwards trend shows the progress we are making, and we have confidence in our ability to continue building the business in this direction. "During 2016, we successfully raised over GBP4 million on the strength of the opportunity available to us, and with the growth in our sales team, we enter 2017 well positioned to take advantage of it. Market trends continue to move in our favour, and I look forward to reporting further progress in the coming months as we continue to build and convert our pipeline and move towards cash generation and profitability. "We are actively engaged in the search for a new CEO with significant commercial and growth company experience and will update the market in due course."

Strong H2 2016 means we are coming into 2017 with some serious momentum. £3.7m in the bank was for accelerating growth which will become visible in the coming weeks/months. I expect to see some significant deals to land before the POC deadline is up. Could be an interesting couple of months ahead.

Nope.... Definitely a dump mate

Why is the seller clearing stock? It would make sense to hold given the news we received.

Where do people see this heading today?

Hopefully a great day on the cards today!

This is looking really good. Couple of 100% possible today?