Futura Medical Live Discussion

TonyDeadeye 24 Oct 2019

Thoughts on Future Market Cap Way to go, Aberdeen, liked the suit link! Just an answer to Jet7 on LSE (I’m not registered to post over there) - my scale mark reduction of 3 to 2 was for my own intention in re-buying FUM shares rather than a dig at the prospects of FUM/MED, as the SP was continuing to show alarming weakness. Having said that, I probably do rate the running of the company as a 2 given the repeated uncertainty regarding the funding. I see that Angela Hildreth was primarily employed as a CFO rather than an FD and I think I can see why. Not raising enough funds to complete the ENTIRE Phase 3 programme was a big mistake, and I’m not just saying this in hindsight. Both she and Mr Barder appear to be totally out of their depth when it comes to the finance side, and one wonders if former FD - the relatively young Derek Martin - resigned in anticipation of botched up discussions and a looming dilutive fund raise, but was having his toes stepped on. Just my opinion. And as someone has repeated on LSE about the bonuses, those really sucked and the BOD haven’t done themselves any favours in the long run there. It really is a travesty. FUM could have made many of us very rich. I’d have loved to have been a fly on the wall before that disastrous Sept '18 update to know exactly why multiple ongoing discussions didn’t bear fruit and why all the institutional investors deserted FUM - even now they’re not showing intended support. What happened? I don’t buy the “strategic decision” to go it alone. Just my take on current proceedings, but I’m fully aware that shareholders, many of whom have large sums invested, don’t want to hear an ex sticking the boot in. But it’s not in my interests to see FUM fail as it is still the only stock I have on my watch list that could possibly provide me with a “get rich quick”. Also it doesn’t interest me to see the SP crash because I’ll not buy in whatever the price until funding is sorted. Not convinced that funding is available immediately Phase 3 results are out either. Just putting my two penneth in. ATB.

markthemango1 24 Oct 2019

Thoughts on Future Market Cap It’ll either be that or this, hello darkness my old friend.

Aberdeen_investor 24 Oct 2019

Thoughts on Future Market Cap May I recommend the following when the results are announced

fx2452 23 Oct 2019

Thoughts on Future Market Cap If the results are good or excellent, MED, in the right hands (excuse the pun) will be a new ED blockbuster in waiting. If that’s the case, there really is no need to fret about being bought out. The question will more likely be “how high?” as there’d likely be several suitors vying for it. The data will write the script… It’s surprised me how there’s a negative tinge at the moment (especially with such a crazily low market cap). But then, it’s very clear from people’s posts that there’s a lot of worry about further fundraising (after the last raise took us down to 6p a share). As already mentioned, I cannot imagine that anyone would be interested in helping to fundraise prior to the 3a results- it would essentially mean that management don’t like the early “scent” of the results. Therefore, if fundraising pops up after good or excellent results, it’s a complete different ball game. MED will be within sniffing distance of the blockbuster finish line. Who wouldn’t want a piece of the action? Looking forward to seeing what unfolds… GLA

Aberdeen_investor 23 Oct 2019

Thoughts on Future Market Cap Spot on

smashing1 23 Oct 2019

Thoughts on Future Market Cap I agree, I think JB will do the best he can for his / his family / his kids’ holdings etc.

Lastemporer 23 Oct 2019

Thoughts on Future Market Cap I guess there is truth in that , come December we will be 5-7p or way over 45p. The main thing that keeps me going is Barder + his families position, surely he won’t want to balls that up! RA Lamb 4.68% WT Lamb Investments Limited 4.49%

smashing1 23 Oct 2019

Thoughts on Future Market Cap For light relief I dare you to look at the LSE and ADVFN BBs. One poster remains “100% confident” lol makes me laugh just typing this. So he’s sold everything to buy shares in FUM?! Another has us destined for 7p again, or lower. Long may ii remain the sanest board lol

ZeroV 23 Oct 2019

Thoughts on Future Market Cap What will disappoint me the most, more then dilution, is if we don’t get bought out or very good deal after positive phase 3 read out. Given, in this scenario, the massively de risked position regardless of whether 3b needed or not, why, at this stage would you not secure this product if that’s the market you are in. If 3b needed, then presumably still a degree of risk and therefore cheaper then waiting for full results (plus risk of losing to the competition). If there is no deal announced / buy out, my faith in management will be at the same levels as Tony and I will be extremely concerned. So that’s what goes round my head, and I can’t think of a good reason, other than management incompetence (or potentially valuing the product higher than buyers willing to pay) why this will not play out as such. Surely James barder has retirement in mind… yes, I’m prepared to be disappointed!

smashing1 23 Oct 2019

Thoughts on Future Market Cap It’s in the detail of the Interim’s RNS 11 Sep.

Lastemporer 23 Oct 2019

Thoughts on Future Market Cap Thanks for the quote Smashing, that does tame some of my nerves for now. Where was that quote exactly from? I think if there was going to be one it would of been announced or done at the interim’s.

Aberdeen_investor 23 Oct 2019

Thoughts on Future Market Cap The phase 2 results left far too many unanswered questions. The phase 3 results should have those answers. Bear in mind, the phase 3 design has incorporated feedback from potential commercial partners. With this uncertainty removed, I see no further questions once the results are out. Also bear in mind that commercial discussions were/are still continuing. In the words of FUM “there is strong interest in phase 3 data” So, I still believe they’ll be trying to get ahead of each other once that data is released. GLA. Zero - If the phase 3 data is of very good quality, then the confirmatory study is not required for European Approval. The company will submit for approval based on this trial. For the USA, the 2nd trial is needed.

smashing1 23 Oct 2019

Thoughts on Future Market Cap Nervy times, agreed. I’m sticking with: “Completion of the second, confirmatory Phase 3 study, expected by the end of 2020, is subject to funding and positive results from “FM57”, the first European Phase 3 trial. Any financing is expected to depend on the strength of the results in FM57. In anticipation of this, the Board is therefore exploring both non-dilutory and dilutory funding options and intends to place the Company in a position of strength to continue capitalising on product development and for negotiating any out-licensing agreements for MED2005.” I don’t think there’ll be a confirmatory Phase 3 study if MED2005 doesn’t work.

ZeroV 23 Oct 2019

Thoughts on Future Market Cap great posts! - The market only reflects the sentiment and not the potential reality. Certainly bracing itself for worst case at the moment, but this will reach a tipping point at some point where risk / reward changes and people buy in, thereby increasing confidence and positive sentiment. Good for those playing the trends, but otherwise… yawn… Will fum need to raise funds? Most likely but not if they get swallowed up or someone wants to go exclusive and pays for it (noting Aberdeen’s comment that that may not be too desirable, but then if it brings stability…) If so, will they secure privately? presumably after results are available Will they need to go to market? Presumably sp will be decimated again What are the chances that 3b trials are not needed, and then what is left to go commercial? If 3b not needed how much money is remaining in the pot? Can you have limited commercial release on the back of 3a trials if successful even if 3b required? (Ie is 3b needed just for some countries?)

tomasccc52 23 Oct 2019

Thoughts on Future Market Cap I haven’t a suit like that but would get one if this thing comes good. I’m an American who has been told by many that I am nuts investing in Futura. Funny thing is they all want me to let them know when the gel becomes available. I suspect some may even try it with a partner.