Anna needs to deliver revenue in the next 3-4months or can see this reversed takeover.I believe there will be more contracts, alongside a capital fundraise, possibly a new investor...I wonder who the UK consumer company contract is with....?!
DAILY MAIL - STOCK WATCH - FITBUG / FITB
MARKET REPORT: UK tech giant Micro Focus sees shares leap as it reveals ÃÂ£7bn takeover of Hewlett Packard is imminent
Read more: http://www.thisismoney.co.uk/money/markets/article-4376960/MARKET-REPORT-UK-tech-giant-Micro-Focus-sees-shares-leap.html#ixzz4dFwpVvXh
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Time and time again shares are ramped and spiked before a fund raisingTime and time again the more experienced investors put out a word of warning which gets shot downIt will continue to happen while there is a never ending line of new investors believing in the 'massive contract win' or 'takeover rumours' that fly aroundAbsolutely no surprise to see the fund raising - all the shares are no doubt sold to the 'believers' in the past week and they are the ones holding the big lossesMeanwhile funds are now in place to keep the directors employed for the future No doubt this will continue to drop - don't be fooled in to thinking getting in below the placing price is good - unless directors participate in it...(looks like they didn't) I bet the majority in the placing don't even hold their share now - we will see if any holdings rns are released
Ramesh, Phil Elliot and NY boy...Have a look at this future panel discussion in May...Leisure DBJan 18Leisure DB ?@TLDC_UK.@davidmintonTLDC will be chair of the panel at @elevatearena with @annagud @DavidLloydUK @FitbugActive @BrianSchuring @SoHeartcore Embedded imagePut the reverse takeover views by some here to bed?!Imo, dyor
Recent high flyer React Energy was provided with Nominated Adviser Services in a Reverse Takeover of an AIM quoted company by our newly appointed NOMAD,SPARK Advisory.
I ventured in to Fitbug a couple of years ago and was lucky enough to take profit on the ginormous spike. I have
Left the share well alone since until I noticed yesterday's activity and I bought in, in the .4s and sold out around .7 but I'm intrigued, so I bought back in again this afternoon and I'm intrigued because I thought I read somewhere that Paul Landau ex ceo is now on a consultancy basis with cloud tag and if this is the case, then I'm wondering if a hostile takeover is imminent, and so for that reason, im staying in. Can anyone clarify this at all please? If I'm wrong then I apologise as it is not my intention to mislead.
sd_anon, Fitbit has history with Fitbug - they had a big legal dispute over the name which went on for some time - settled some time last year I believe. Therefore I'd be surprised if they were on commercially friendly enough terms for a takeover. However, the potential for vertical integration is clear - for example a similar company in the wearable space would be apple, but also jawbone - there are plenty of these companies that could pick up a Fitbug and use their software to enhance their own product. Current market cap is about ÃÂ£9mln - let's say double that for a bid, which makes it small enough to be worth buying instead of taking a year or two to develop your own solution.
So I did a bit of Google-ing on Fitbit... seem to be struggling a bit and apparently trying to enter the corporate wellness sector. Fitbit is a $1Bn+ company and could buy out FitBug with some loose pocket change. All speculation obviously but my bet is a Fitbit takeover which can't be announced until the US markets are open too. So is it 2pm we're waiting for? Again speculation. DYOR etc etc. GLA.
reverse takeover into red leopard
I agree Wisp, makes no sense to suspend on a "We know of no reason" RNS. Maybe news of a takeover or another contract win has leaked and they wanted to get their ducks in a row before they announce to the market
PhoenixLooks like good news or a takeover from where I am sitting.I maybe wrong but just going on instinct and experience.I hope it is good news and some huge buys between 2-2.30 pm
Hi PhoenixHow's you ?I hope it's another contract or a takeover bid
LMA - or buy out at higher price to reflect reverse takeover as mentioned by Dusseldorf?
Takeover leaked hence the volume ;-)))
Could be a takeover
The only thing I see here is a takeover nothing more build a base and sell on
Why so hatey ?
They could have acquired the whole company by not capitalising their indebtedness @ 2.5 pence per share, but chose instead to ensure that FITB remained trading AND a quoted company.
Now why would that be;unless of course they felt that Fitbug had a shot at success via their new Wellness division or had plans possibly for a reverse takeover.
Either way,unless the fat lady sings,their investment is in tact,if diminished.