Formjet(See LSE:TQC) Share Discussion Threads

[guru11] 05/6/2009 09:06

The cash raised as with other small companies, probably went towards paying the directors salaries and bit and pieces, and one may find this situation continues. I have seen it all before with other smaller companies. The first priority of some directors is to look after themselves with salary, expenses,options etc, and not the shareholders. Maybe I am being sinical, with the jam tomorrow that never comes for shareholders.

[davidosh] 05/6/2009 08:56

encarter - 5 Jun'09 - 08:35 - 294 of 296


At least they are making a profit now.

2phildove - 5 Jun'09 - 08:40 - 295 of 296


resukts don't appear all that bad!!

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Blimey guys...Are you for real ???

The company say they are pleased to report these results. I think they are shocking and the fact that they raised £900k in the middle of the year to add to the cash they already had makes it far worse. Where did it go ??

Start of the year cash was 604k

Raised 900k

End of year cash 298k


Operating loss before exceptional items £292,457 (2007 : £41,907)
Exceptional items £519,599 (2007 : nil)


Cash is being rapidly burnt somewhere and writedowns do not count.

[currypata kai] 05/6/2009 08:44

bought 500k @0.3...find I have almost 1% of the company now for only about 6 grand

[2phildove] 05/6/2009 08:40

resukts don't appear all that bad!!

[encarter] 05/6/2009 08:35

At least they are making a profit now.

[goggin] 05/6/2009 07:30

Dont know who bought - a tic comment knowing what has been done previously. The big news is they are still trading and where there is life, there is hope!

[toback] 04/6/2009 19:58

Yes - on a best case scenario they might have made a profit if the abortive acquisitions are excluded. The deals they have done should be helping volume even in these economic times. It would not take much at all for them to be cashflow positive.

So conceivably they could be doing ok.

And worst case they are probably cashflow neutral with minimal debts and may well look cheap anyway.

A lot of people might think they are going bust but I don't see things that bad.

Why do you think a director bought? Wouldn't think they would be allowed.

[goggin] 04/6/2009 19:48

So a director bought 5k worth at .34p ???????????????

Thanks To
everyone on here thought they should have been out weeks ago in April - early May
Its all guess work.

If these do survive, you are looking at a minimum of a 10 bagger. The current price reflects a BUST sanario but there are alot bigger basket case currently on the market and many have risen 1000 % + in only 2 month, many have done better.

a 1000% rise in FMJ case still only gives a share price of 2.5p, not an enormous price if they start making some money. The products have had reasonable reviews, even though openoffice.org is free, when you take it to another machine with out Openoffice, its not compatible with Microsoft and one has to convert to pdf file and then do lots of cut and paste work. Ability doesn't have this problem and its only the price of 24 beer.
Who knows, we might be lucky.

[toback] 04/6/2009 16:36

Forecast Key Dates
Key Date Date Status
Next prelim announcement 08- Jun- 2009 E
Next annual report due 12- Jun- 2009 E
Next AGM 23- Jun- 2009 E
Next interim announcement 30- Sep- 2009 E

[toback] 04/6/2009 16:26

On TD waterhouse it said they were and the annual report a couple of weeks later.

[goggin] 04/6/2009 15:29

Hi Toback - What make you think the results will come out next week?

[toback] 04/6/2009 14:20

Results due next week and it seems a bit of activity today.

Not that they will make good reading I suppose it depends on how Q1 traded - which if in line with their Jan statement might not be too bad.

Wonder if profit will be as elusive as ever????

[refusenish] 02/6/2009 08:05

When you say these guys do you mean the directors?

[nogoodluck] 01/6/2009 16:32

The question is could this get any worse for these guys?

[refusenish] 28/5/2009 17:05

whoops, there goes a bit more of your pension boys

[refusenish] 28/5/2009 12:52

clearly not. The figures will just show that the game's up for them. They can't suck anymore from PI's so best to count the chips collapse the company and move to a nice sunny part of spain

[nogoodluck] 28/5/2009 09:48

Still nothing from the useless people - I wonder if they even care?

[nogoodluck] 22/5/2009 17:20

The house is that big everyone knows where he lives!

[davidosh] 22/5/2009 14:14

How do you know where he lives ?

[nogoodluck] 22/5/2009 14:09

yeah there still here.... they have been living on PI's money for 5 years now!

Chapman's got a great house out of it! You can see it on Google Earth!

[tradermania] 21/5/2009 16:54

is this company still around...? amazing.

[nogoodluck] 15/5/2009 17:29

Another week slips by as FMJ's management edge closer to retirement....

[nogoodluck] 13/5/2009 09:13

Again Chapman has probably been bragging down the wine bar...

[loafingchard] 12/5/2009 15:20

Someone expecting a reasonable set of results , a few buys appearing .

[2phildove] 11/5/2009 22:12

i emailed them on 16 April 2009 they replied in the next two weeks.... i assume they meant 2 months!!!