This HC board has been purposely killed. No body write and read. It is boring. So let's spend some minute a week to build transparency on FTT and especially have the real truth given to the remnants of a very poor retail, hard burned, historical shareholder base. If you stay silent, you do not support the transparency. Come out and speak loud. Your silence does not help!
Someone 24 months ago stated that the capital raise was the base for a "VALUE INFLECTION POINT" 24 months later.
24 months have passed and we trade in black water infested by hungry sharks!
The VALUE INFLECTION is not here yet , at least looking at the current share price pattern.
The positive side is that we have an ongoing clinical trial, with some delays, but running and with expected final results to be published at around June 2018.
This is the deadline for FTT as afterwards, "cash on hands" will become an issue again.
Cash for this company has been always a problem.
For many retail shareholders it was hard earned cash.
The institutional shareholders do not care about you. You are just commodities in the capital market.
The shareholders have been persistently milked on FTT promises.
There will be two corporate options soon:
1) Go to the market and milk institutional and retail investors again for an additional amount of money, or
2) Get the cash for a Phase III trial preparation from partners, banks, or in an extreme being sold for few pennies to an interested party if any.
What keeps down the share price, and the general interest on this stock from the market as a whole, are the games made in the backdoor by someone that got shares at 0.035 and persistently is trying to speculate selling them in the 0.05-0.06 range.
We are not speaking about small retail investor activities, but about someone that has a big lot (one of the old big shareholder and probably covered by the Nominee). There is a pattern.
Today this company is mostly institutionalized, but there are more than 300 ml shares outstanding in not identified hands.
We have a permanent seller or a bunch of few sellers (but not many), with a big lot, that persistently keep selling shares.
This odd behavior (before an update of a major clinical trial release) is very odd and keeps this company trading in black waters. Someone could ask if the selling pattern is based on a good reasoning and is a de-risking pattern in a very risky stock.
The believers, even if institutionalized, DO NOT SELL!
Where is the transparency that we were supposed to have us by now at the "VALUE INFLECTION POINT"?
What a stupid market! Transparency is the last thing that we are able to see based on current share price patterns.
Come out and speak out! Who is the seller? Based on what are you keep selling shares? Does your persistent selling pattern evidence a knowledge that we do not have?
We are in black waters infested by sharks.
Transparency, transparency, transparency.
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