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I misread the Jan TR1 but once they are below 3%, we won't be hearing from LO again.
Is there a TR1 missing?. The Jan 19th TRI shows their remaining percentage over 12%. This morning's TRI shows that they held nearly 8% before reducing to below 3%. I don't think they need to make a further TR1 as they head for the exit.
The company has shot itself in both feet. This looks to have been really badly managed.
There was an article written by someone called Cat Jeeves which was made public on Wednesday. The heading is " New Bear Dossier? The gist is that FUM at 54.9p, a £158 million market cap. is a compelling short. I am not a subscriber so I am unable to read the contents of the article.
To my knowledge Jeeves is not a regular contributor to Sh*r*pr*h*ts. Interesting to note that it was not written by the Sheriff himself. There has been some selling since Wednesday. Hopefully shareholders stand firm.
Just googled Tony Buckingham as the name sounded familiar. A colourful career.
Maybe one of the offers will now materialise.
STX 's main product is to combat iron deficiency, approval obtained in 2019. AGL is cancer detection through plasma, approval obtained in 2022. The market will always be looking for the next stage. It will be great if FUM gets taken over.
The only thing new is that the FDA have agreed that the product has met the end points. Everything looks fine. Normally with a message like this one would expect a placing shortly afterwards. Maybe distributors/subcontractors are getting uneasy. I have been a FUM follower for many years.
Remember Sound Energy, and the other problem child Ascent Resources. Usual suspects involved.