Member Info for LordTopUp

Delayed by AT LEAST 6 months. Looks on its way out.

I also think the funds situation is misleading. FUM was bearly solvent at the end of 2019 so are relying on the post year end £3 million net fund raise to carry them for over a year. Good luck with that. But read the going concern note very carefully ……….

Toodle pip!

Good morning, bald eagle, I hope you had a thoroughly enjoyable weekend, even though the next few weeks, or even months, might merge the weekends into the week days!

Regarding TPR, I still believe it will be returned and knowing this lot they'll "tuck the announcement away" within the results. Possibly the MHRA questions cannot be adequately answered? Like most products under research and development, issues often emerge in practice after lab work showed promise.

Also the big pharmas will no doubt be developing all sorts of pain relief stuff of their own. None of them appeared interested in TPR, in fact GSK returned it. That says it all.

All eyes on the cash position this Wednesday as well as the TPR update. Can't see any new news on their (as yet) unpatented placebo. All a bit of a mess, I'm afraid. I can see this getting smashed on Wednesday.

The very best of luck

Toodle pip!

See what I mean? Undying loyalty. Or is it blinkered foolishness?

Looking forward to the TPR update, the latest cash position and the progress of the (as yet) unpatented placebo on April Fools Day. You couldn't make this up, could you?

Toodle pip!

I'm exceptionally well, bald eagle, thanks very much for asking. Even though I wish this wicked virus would go and do one as it's playing havoc with my usually hectic social life. Lady Top Up in particular loves holding balls, but the social distancing issue has scuppered that pleasure for the time being.

Disappointed that nobody has joined in my little quiz. But I suppose it goes without saying that the revenue will be zero as they have nothing to sell, despite being listed for 17 years. Hey, it's like setting up a company now and in the year 2037 the revenue being zero. If you put that scenario to anybody they'd say "no way, how could they possibly survive that long"?

But FUM have an incredibly loyal band of shareholders who'll always stump up the cash. Doesn't matter what the directors tell them - 20 out of 20 positive outcomes for MED. Before that a punchy numbered MED partnership. Several CSD launches. Yep, exceptionally loyal, they'll take anything they're told. The directors must think all their Christmases come at once as they seek placing after placing to fund their high salaries. Way to go, guys, and they've now fallen for the (as yet) unpatented placebo, the best lemon so far! Highly entertaining to watch mind you.

Careful how you go, bald eagle, and may extend my best wishes to everyone else on here. Take care my friends.

Toodle pip!

"This work is progressing, and we expect Thornton & Ross to respond by the end of February 2020 within the timelines agreed with the MHRA."

*chuckle chuckle*

Always good for a laugh are FUM, especially in these trying times!

Seriously though folks, just thought we could have a little quiz of "guess the numbers" to be included in FUM's final results next week. Let's start with the following 2 categories:

1). Revenue.
2). Total directors' emoluments.

My own guesses are:

1). Zero.
2). £1,300,000

Your own guesses most welcome :)

There you go again! Leave me alone!

Good evening, theitalian, I hope you and your fellow countrymen are keeping well.

I think you need to look at ITX again, old bean. Certainly not a 500% spread (0.30p bid, 0.40p offer, have you been drinking, lol?) and over £3 million MCAP before today's bombshell.

Funny you should mention Lombard. As I said yesterday, "you ain't seen nothing yet" and in my very humble opinion FUM may yet feel the full wrath of these hideous Market conditions. Just saying.

Toodle pip!

PS - Oh I see where you've got the 500% spread from (lol!!!!!!)

PPS - Please stop stalking me. You feel the need to try and discredit what I'm posting, but I'm calling it correctly (8p gap - back of the net!) and posting fantastic and informative information. You're just making yourself look like a worried desperate ramper who's soiling his pants, if you don't mind me saying! Hey, are FUM shareholders responsible for the mass buying of bog rolls by any chance?

Thanks, idg69, much appreciated. I try my best!

And wow, how's that for a great call? Sitting nicely on the 8p gap just like I said would happen. How good am I?

But I'm afraid there's worse to come. I'm not making it up. Funding for high risk AIM companies will most likely completely dry up. Take Itaconix (ITX) for example. Despite saying this today:

".........… the Company has continued to trade in line with the Board's expectations and has a strong order book for its ingredients used in consumer detergent and cleaning products which has not been materially impacted by Covid-19."

…… they then went on to say this:

"The Company commenced a process in early March to raise equity funding to support this order book and fund working capital needs to continue advancing revenues of the Company's growing portfolio of bio-based ingredients for consumer products. Due to current market turbulence, discussions in the UK and the US to procure funding continue. There can be no assurance at this time, however, of additional funding nor of the terms and price of such funding."

The stock has been slammed by over 70%.

II's have collectively lost billions on perceived "safe" companies so there'll be little or no appetite to fund high risk loss makers like FUM. Sorry, I know you all don't want to hear this, but I think the game will soon be up. And as it costs half a million just to be listed, I wouldn't bet against a de-listing.

I wish you all the very very best of luck but it certainly looks like you need it.

But chins up, health is more important than money, so tally-ho and toodle pip!

Good evening, I hope everyone is well in these most difficult times.

I see FUM can't even get the seminar cancellation right, tucking it away in a "notice of results" RNS. Oh dear. And looks like the webinar will only be watched by the already converted, can't see anyone else being interested.

The coronavirus outbreak is extremely serious, and IMO the wholesale lockdown will trigger a global recession which may see several big names go bust, particularly in the Travel & Leisure sector, which will also have a knock on effect on all other sectors. Some serious money will be lost and everyone should be braced to plan for a retirement a couple of years further on, even the state retirement age to help fund the billions (even trillions) to fill the impending black hole. The biggest recession since the war looms IMO.

So the weaker companies will be in great danger of failing, especially those reliant on funding and especially those who rely on such funding within the next year ………….. such as FUM. These weak tiny AIM companies are stuffed and haven't a cat in hell's chance of attracting investment IMO. It's no coincidence that the AIM, full of these fund reliant companies, has dropped over 10% today compared with the FTSE's 4%. And there's a lot more pain to come, you ain't seen nothing yet.

The gap down to 8p is almost certain to complete this week, and if a further break down under 7p occurs in the next couple of weeks, then we'll see sub 4p quite soon. All IMO of course, but I've called this spot on so far so I'll probably be proved right.

I'm taking no satisfaction seeing FUM go down the pan, in fact I feel sorry for you shareholders. I'll continue to offer my moral support.

Take care now, and toodle pip!

As long as it's not HEE HAW, Quazi!

Hey, no need to get the hump, quazi, (lol), I think FUM are in very very serious trouble following the general Stock Market crash. IIs have enough on their plate without bothering to prop up a tiny bio-tec with an abysmal track record trying to get an (as yet) unpatented placebo to market with limited funds. Just saying!

Enjoy the rest of the weekend, one and all!

Good morning. I hope everyone is having a thoroughly enjoyable weekend.

I guess cancelling the seminar is totally irrelevant as it serves no purpose and I doubt anyone would bother attending. Why would they? In fact going ahead with the seminar will be helping stem the coronavirus spread as it'll be effectively self isolating anyone there albeit for just a couple of hours (lol).

Gap to 8p still on, most likely breaking much lower. Some have perceived Friday as some kind of rise, but "rising" less than 10% with a spread of more than 10% isn't "really" a rise, is it? They can't even get a dead act bounce right in a reversal to a bull market. And no chance of this lot attracting further investment IMO, not anymore.

Let's have a look on FUM's website to see if they've updated the status of TPR …...…

"This work is progressing, and we expect Thornton & Ross to respond by the end of February 2020 within the timelines agreed with the MHRA."

*SIGH*

Good evening, gents, I trust you are all keeping well.

I'm afraid I don't share the same optimism. It's almost certain FUM will need to raise more funds later in the year and this Stock Market crash will make it increasingly unlikely they will be able to attract the necessary investment, especially with any appetite for high risk loss making companies like FUM being significantly reduced.

They could possibly be talking to an empty room at the seminar, I cannot see anyone being interested. So it matters little what people think of FUM's (as yet) unpatented placebo (I still think it's junk - sorry!) because I doubt they'll ever get it over the line.

I also did say there was a gap to be filled to 8p. Nearly there.

Toodle pip!

Still saying this on FUM's website:

"This work is progressing, and we expect Thornton & Ross to respond by the end of February 2020 within the timelines agreed with the MHRA"

Quite scandalous really. Maybe they're drawing it out until this sham of a seminar later this month to see if they can suck anyone into believing in the (as yet) unpatented placebo? And why haven't they announced the release of the final results yet? Extremely slack. A very badly run company.

Bald Eagle, I think Ken being a non UK resident drawing £200k is VERY relevant and sums up FUM IMO. At the end of the day, the first port of call especially when investing in AIM is to look at the performance and integrity of the directors. IMO the FUM directors are shocking in every aspect, and I wouldn't trust them as far as I could throw them.

IMO they're just trying to squeeze every last drop of money out of this failing business as possible, and convening a pointless seminar (which will most likely be empty) is a waste of time and resources when they really should be providing updates on the likes of TPR. How many presentations have they held already which have come to nought?

Hi, jet7, you need to be less paranoid about so called "multiple personalities", I think you'll find it's all in your head, and calling everyone Derek is the first sign of madness!

Your post does intrigue me, however. You reel off a load of damning verdicts about the directors, then go on to applaud the product that these very directors are pushing. Personally I think they're "exaggerating" the claims, just like they did with MED2005 (20 possible outcomes, all positive, but they didn't mention a 21st possible outcome!).

As for Lombard. They're the ONLY institutional investor who took part in the last fund raising, and they appear to be trading FUM rather than investing. Also don't place too much emphasis as to "why" they're "sticking around". Many large reputable IIs lost money on recent collapses such as Debenhams, Carillion and Thomas Cook - when it seemed obvious they were going down the pan!

Anyway, I sincerely hope the thunderstorms subside so you can enjoy the rest of your holiday.

Yours
Lord Derek Top Up

Good afternoon, Jet7, I trust you are well.

No need to get nasty and personal, and even if bald eagle and I are the same person anyway I can't understand why it would upset you.

Also I'd like to know what part of my FACTUAL posts about Ken James and the out dated website are upsetting you, unless it's of course something you don't want to hear. But a word of advice - burying one's head in the sand is likely to lose one money.

Nevertheless, I hope you're enjoying your holiday and I trust that it wasn't a moment of boredom which compelled you to visit the FUM BB on LSE!

Bald eagle, Ken James has been working in Parsippany, New Jersey, since 1992 and his present role with Futura is described as "Transatlantic". And no I'm not stalking him, it's there for all to see on his linkedin. Companies House also clearly states his country of residence is the USA, a fact that needs confirming annually.

So a director who doesn't even live in this country took home over £200k in 2018 (2019 as yet unknown) from a tiny loss making bio-tec struggling for cash. And "working from home" doesn't really cut it.

All this and my other doubts lead me to think this is one of those seedy AIM companies taking the p--s. But don't let me stop you guys from topping up. After all, their (as yet) unpatented placebo might be worth billions …………… (lol)

Good morning idg69, hope you are well.

Many on here think it's "OK" for FUM to advertise on their website:

"This work is progressing, and we expect Thornton & Ross to respond by the end of February 2020 within the timelines agreed with the MHRA."

…… when we're now well into March. In this day and age when the focal point is one's website, this carry on is extremely slack and if I was the CEO I'd be very embarrassed. In fact, page 44 of the Annual Accounts states "the directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website".

So there you have it. The directors have nak all to do yet still haven't the time to update this small "anomaly" despite its importance. Unless by having to make such an update might let the cat out of the bag?

Good morning, bald eagle, I hope you are well.

FUM the company is based in Guildford and that's the likely "correspondence" address for the directors as to not publicly disclose where they live. But Ken James resides in the USA:

https://beta.companieshouse.gov.uk/officers/mGDPvxELciJNC2blLfaKpUZ0jCA/appointments

A couple of large sells yesterday, and the large spread reaffirms this as the MMs apparently don't want any FUM shares.

Also wonder if anyone will bother turning up for their seminar? Never mind, it'll allow Ken to have a expense paid trip from the USA to earn some of his 6 figure salary.

Is he going to mention TPR? The website still states:

"This work is progressing, and we expect Thornton & Ross to respond by the end of February 2020"

Careless or negligent?