Member Info for Mozax

Not being rude but I don’t think 44p is amazing.

This was circa 70p in June 2023 as the market got wind of the fact that Eroxon was hoping to be distributed into the UK market.

We are so much further ahead now than then, I won’t Labour the point by outlining all the salient points, but imo anyone buying at these prices is going to get a great, fast return.

USA launch is massive, aswell as the Global rollout.

No ramp, but I’m pretty sure this will be BID for.

Algobot switched to buy looking at the AT trades.

Down 8.42% today, fill your boots at 4.45p.

Or buy ARB.

Yes, it’s frustrating, but remember, not much freefloat here so it moves quickly in both directions.

The point to consider though, is the way Bitcoin and other Cryptocurrencies are moving, user’s & revenues here will be growing fast, so the next Trading update will be pretty interesting.

The US launch is certainly taking its time which holders are getting bored with, but I suspect they’ll announced an update along with the launch, so the delay will only add to news of increasing users & revenues.

The 300K user tweet milestone was helpful to keep us informed that it’s all going well.

Interesting open, dropping it 3.5% on virtually zero volume & then a sudden rush for stock, I’m wondering if any shorts are closing as it’s a very dangerous position to have now.

It’s going to be quite a journey over these next weeks, product now proven and Global Rollout underway.

Significant buys going through……

Interesting, you sound a bit desperate, maybe close the short, and then stop worrying yourself.

Even with a soft launch the product has taken a 20% share in 2 Countries, won awards etc etc.

Now for the big rollout, unmet need, Global rights, and so on.

Reviews aren’t necessarily as they seem, assume competition posts negatively in their own interests.

Any rise, however small, attracts a raft of sellers, this seems very manipulated, it’s been the same for months.

There are only 59,453,714 shares in issue now, giving a current MCap of £3.25M.

I note good holdings from institutions.

Yes, 200p down to 5p.

Some might say this is a tad oversold.

What it means is that US buyers will be paying the equivalent of 45p to buy the stock as of today.

Any news release that encourages US buyers to want a position in the Company will put upward pressure on an already elevated share price to the UK price, creating Arbitrage, which the 2 markets will correct.

The US launch is imminent.

Btw, interesting first post from you.

Https://www.marketwatch.com/investing/stock/famdf

I can imagine that US buyers will be keen to buy in ahead of the US launch, demand for the stock could grow hugely.

I’ve seen this before on joint listed stocks where the 2 markets compete for stock and the SP is driven up daily.

50 cents is 45p.

Could be an interesting day.

Well, I’m not sure how exposed their short positions may be, but a stock with such prospects in the short, medium & long term will require shorts to cover.

Volume will determine how quickly they decide to do that.

I noted a poster here mention that FUM was being shorted, in particular by Lucien Miers, who I note, as well as a known ‘short seller’ is also a journalist for Share Prophets and other minor publications .

I couldn’t find any such evidence myself via ‘Short interest Tracker’ or other avenues but I certainly feel that this has been held back, maybe perhaps just a case of those taking profits from the lows of 26p recently.

I certainly wouldn’t want to have a short position here, there is a lot going on, a massive Global rollout, which is currently underway, plus the looming possibility of a BID, very exciting times ahead.

There will always be day traders, it’s part of the market, profits taken, short consolidation and now the next leg up.

The proven record of the product in the UK & Belgium & now continued roll out across multiple Countries will drive the share price, traders will hop on and off along the way but the real money will be accumulating a big holding and just waiting.

It really wouldn’t surprise me if FUM was bought out.

Global rights to a great new product.

Algobots driving this down, good for those of us accumulating.

Well I’ve done the opposite, and put vast HE1 profits in here, they’ve placed this morning at 1.5p so I suspect the SP will find its way there.

Seems we have a seller in our midst, Once FUM breaks 40p it will get a wiggle on, lots of news-flow too which the market always likes.

I recall this can move pretty quickly once it’s released.

Let’s see how long the Share Price remains below 40p,……..roll out France, Spain, Italy……Saudi Arabia……the rest of Europe…… Australia, oh……and then the USA. That may put on a few pence.

And a fair few other Countries also.

“Erroxon, make a rise a firm one”.

Or more appropriately, Obelix!!