Happy New Year and FUM29 Dec 2020 18:34
The average SP for FUM for 2020 is about 14.5p. So the SP is about average. It was about 30 in Q4 2019 but then crashed to 9p after the "failure of the Phase 111 trial". It then went to about average based on the hopeful medical device route, where FUM scrapped development of the active ingredient product (MED2005) and now just hopefully launching the device (the solvent that transported the active ingredient of MED2005 across the skin). This is known as med3000. This is fact. FUM opinion is that this inactive solvent (Med3000) by evaporation stimulates the nerves in the pen1s after manual application and causes an erection. Ok, could be true.
Ok. The question is this. Why, if EMA approval is "days away" according to Ananda (or in 2021 - according to FUM), why is it still at the 2020 average SP of 14.5p? (which is historically, looking back at the SP history, actually very low). After coming back from 7p (or so - nearly an all time low after the Phase III failure in December 2019) and is now half the price (14p vs 30p) before the "failure" of the Phase III trial? Shouldn't it rationally, be now between 20 and 30p (mean 25p)? It is actually near, or at, a very low average SP for FUM, when according to them, approval in US and EMA is in 2021. That says to me, the market does not believe FUM.
On top of that, still no news on any partners, or EMA feedback on the FUM submission, and FUM runs out of money in May 2021. So..... When do the FUM believers believe will "the month" - its been every month since about July 2020. Will Feb 2021 now be "the month"? If not, please tell us when? As i think many people here are thinking its very early 2021. Please tell us buconic, ananda :)