Following FSE's latest repetition I have decided to make a final comment on his input to this thread. I apologise to those who would like this issue dead and buried but I do think it is necessary to enlighten those new to the thread and also those who consider FSE to be victimised by many of the long term holders.
This thread went through a similar pattern of posting last June/July.
FSE played a role, which, to my recollection, rankled many of us.
Here are 2 of his posts, which span that period.
The first shows FSE with a bullish outlook for PRM, with the share price standing at 122p, underpinned by institutional purchasing.
The second reveals the moment that FSE decided to sell all of his PRM stock at 158p.
N.B. Both were posted within a few weeks !!!
In between these posts, the board was bombarded with page after page of posts in which FSE pontificated on the depth of his experience in understanding markets and share price movements....'pause for breath'.... and in particular his knowledge of the IPO arena.
No problem in that I may hear some say......but FSE has been granted the gift of repetition the like of which is rarely seen. This, along with the inexplicable U-turn in his stance on PRM, over a period of only 3 weeks, led to his downfall in my book.
Of course this is an open forum and, rightly so, each will have there own view on the subject. This is mine and there will be no further comment from me.
FSE - 26 Jun'03 - 15:03 - 17713 of 24378
The share price is underpinned now and probably at the institutional placing level at 122p. The company obviously are not having trouble raising cash at these levels, which is substantially higher than I would have thought.
The report outlines the many and varied applications and business which has been discussed in any event in detail on this board.
Their cash burn is in line with their funding ability.
In my view this is extremely good news and now we can sit back with some confidence and wait for it all to happen.
The share price may not surge but the game is now clearly afoot
FSE - 15 Jul'03 - 13:58 - 18705 of 24382
Boweryboys....
look back on this thread and you will see the hard time I was given by these guys on questioning the market cap !
What you are saying is totally sane.
I started selling this morning and am now out of the company.
It’s a great company with a ton of potential but the share price has too much expectation built in for my liking.
That’s not to say they may not go higher but I needed the money for a securer play.
Looks like a lot of the rest of "the faithful" have been in there selling also.
Plump and dump girls!
I will buy back I expect if the price moderates... or the news catches up with the hype.
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