Does anyone know how long fermi are planning to offer the test free in conjuction with other investigations (mammo etc) at the Syd breast clinic? Whilst I can see the benefits of increasing the number of cases for better statistics, I was anticipating commercialisation at end of 2008?? Not long left if that is still the plan. Pleasing to see that international trials are progressing eg Italy, Asia etc. The potential market for this is truly phenomenal.
FER - Fermiscan Limited
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They are slowly working away at commercialization I do believe.
MC = $22 mill
Cash on hand at 30/9/08 $9.8mill (after spending $2.3mill that qtr).
It would certainly be nice to get some inflow before we run out of cash.
I recall reading somewhere that commercialization would be early 2009.
Can't come soon enough.
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This share is a great example why the ASF is such a great asset to us all.
I have never heard about this company, but after it was bumped here, I read the entire thread, did some research, and thinking of investing @ near a major low.
Thankyou for the heads up!
PS: I hope you haven't been too hurt by this one, really unfairly penalized it seems, cheers...
I have never heard about this company, but after it was bumped here, I read the entire thread, did some research, and thinking of investing @ near a major low.
Thankyou for the heads up!
PS: I hope you haven't been too hurt by this one, really unfairly penalized it seems, cheers...
No problem! When you buy, make sure you take out the sell column hey! That will get the price up to $1.20 quite quickly!
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No problem! When you buy, make sure you take out the sell column hey! That will get the price up to $1.20 quite quickly!
Lol, will only be looking at a small investment at this stage Grace, around $1K, and placed into the spec portion (10%) of my portfolio, health sector...
Very little risk for me, seems to be a silly price for the good work they do.
I wish you success, and me too!
MRI Breast Medicare Rebate.
See link http://www.healthinsite.gov.au/news/Medicare_Rebate_for_Breast_MRI
From 1st Feb a medicare rebate will be available to women under 50 who satisfy certain criteria to have breast MRI. Hopefully this may tie in with the fermiscan test, say for women who have a positive fermi test, then have a MRI under medicare perhaps.
See link http://www.healthinsite.gov.au/news/Medicare_Rebate_for_Breast_MRI
From 1st Feb a medicare rebate will be available to women under 50 who satisfy certain criteria to have breast MRI. Hopefully this may tie in with the fermiscan test, say for women who have a positive fermi test, then have a MRI under medicare perhaps.
anatol
Anatol
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Re: Fermiscan - Takeover Target??
Grace, I have bought FER two weeks ago as I respect your opinions (I know you from PES and AOE threads). I made a research myself and have seen a lot of potantial for FER. (It could be another PES)
What do you think about this takeover bid by PLT?
I am not convinced as PLT has 31M market value while FER has 75M !
What happens if we don't sell and wait?
Do you think if there could be another bid from another company?
Regards.
Grace, I have bought FER two weeks ago as I respect your opinions (I know you from PES and AOE threads). I made a research myself and have seen a lot of potantial for FER. (It could be another PES)
What do you think about this takeover bid by PLT?
I am not convinced as PLT has 31M market value while FER has 75M !
What happens if we don't sell and wait?
Do you think if there could be another bid from another company?
Regards.
Re: Fermiscan - Takeover Target??
Hi anatol, to be honest with you, I wish we were merging with someone with a little more cash. PLT at $869k at end of Dec 09, was in a much worse position than us! However, I think the merger will be good as PLT have sales agreements in many countries including Pakistan, China, India and here in Australia from what I read. It will be easier for Fermi to get out there now in the real world.
Just wish the takeover had been from someone like CSL, but perhaps something like that will be in the pipeline now that commercialization for fermi will be easier to acheive in my humble opinion.
boo hoo, the code will change,.....I wonder if Joe might let me put PLT back in the years stock comp?? Anyway, I hold and wait for more news....
Hi anatol, to be honest with you, I wish we were merging with someone with a little more cash. PLT at $869k at end of Dec 09, was in a much worse position than us! However, I think the merger will be good as PLT have sales agreements in many countries including Pakistan, China, India and here in Australia from what I read. It will be easier for Fermi to get out there now in the real world.
Just wish the takeover had been from someone like CSL, but perhaps something like that will be in the pipeline now that commercialization for fermi will be easier to acheive in my humble opinion.
boo hoo, the code will change,.....I wonder if Joe might let me put PLT back in the years stock comp?? Anyway, I hold and wait for more news....
hmmm...Pity Fermiscan didn't tell their shareholders this...I'm surprised they had money at all...IMHO...If you thieve someone else's hard earned work and get caught, you pay the price.....Sucked in...Tried to do pull a Einfield, eh leon and david
Let me to them first...
i wonder what tactics they will use now
Grace, I wouldn't jump up and down without knowing what your talking about...How much do you really know about this company...shows already...not too much
news.com.au/heraldsun/story/0,21985,25583768-664,00.html
...Sucked in...Tried to do pull a Einfield, eh leon and davidLet me to them first...
i wonder what tactics they will use now
Grace, I wouldn't jump up and down without knowing what your talking about...How much do you really know about this company...shows already...not too much
news.com.au/heraldsun/story/0,21985,25583768-664,00.html
hmmm...Pity Fermiscan didn't tell their shareholders this...I'm surprised they had money at all...IMHO...If you thieve someone else's hard earned work and get caught, you pay the price..
Let me to them first...
i wonder what tactics they will use now
Grace, I wouldn't jump up and down without knowing what your talking about...How much do you really know about this company...shows already...not too much
news.com.au/heraldsun/story/0,21985,25583768-664,00.html
Yes, I did know there was a court case going on. Fermiscan bought the test from her many years ago. I am not trained in the legal field to comment, so I'll leave it at that. Noone likes being in court - apart from those getting higly paid I'm sure.
Aust-Tech, you seem to be up with the information on Fermi. Perhaps you should indeed post more than once so that the rest of us can learn from you!
Now I did not know of all of the links here with Leon. I have owned Fermi for +2years, but I was of the understanding that the seed capital was from a group of Dr's. I assumed that was inclusive of Rellcain. Perhaps it is a good thing then that his holding has gone.
As to where this all leaves Fermi, please be my guest. They obviously thought they had a case against Professor James to take such a direction. As she won, that should be the end of the court process for her one would think. Now, Fermi has the hair test, and perhaps Professor James has a better test now with fingernails etc. As we all know, each test takes many many years to come on line, so I guess it is all about the right timing and accuracy. It is a pity that Professor James did not have the money to take her discoveries through to commercialisation.
I continue to hold (well let's face it, it's not worth the brokerage to sell at the moment!), and would appreciate others' comments.
Now I did not know of all of the links here with Leon. I have owned Fermi for +2years, but I was of the understanding that the seed capital was from a group of Dr's. I assumed that was inclusive of Rellcain. Perhaps it is a good thing then that his holding has gone.
As to where this all leaves Fermi, please be my guest. They obviously thought they had a case against Professor James to take such a direction. As she won, that should be the end of the court process for her one would think. Now, Fermi has the hair test, and perhaps Professor James has a better test now with fingernails etc. As we all know, each test takes many many years to come on line, so I guess it is all about the right timing and accuracy. It is a pity that Professor James did not have the money to take her discoveries through to commercialisation.
I continue to hold (well let's face it, it's not worth the brokerage to sell at the moment!
), and would appreciate others' comments.- Joined
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Grace and others...
what do you think about the ''TAKE NO ACTION'' on the merge?
i for all would be happy to stay independent
we have to be so close now to start selling the test... sydney breast clinic has using the test almost for a year now..?
althou no updates on that....
what do you think about the ''TAKE NO ACTION'' on the merge?
i for all would be happy to stay independent
we have to be so close now to start selling the test... sydney breast clinic has using the test almost for a year now..?
althou no updates on that....
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less than 10c ... 
owning a breast clinic, that is generating money
having cash in the bank
having a potencial proven product ready to go onto worldmarket..
and yet a cap of 15 milj.....
owning a breast clinic, that is generating money
having cash in the bank
having a potencial proven product ready to go onto worldmarket..
and yet a cap of 15 milj.....
I just got my Fermiscan offer details yesterday and spent some time reading through it today - it just feels suss to me (and I trust my intuition). It led me to do a google search and find you guys and I have been very interested in what I have read here. It seems that we all have the same confidence in the test but concerned about the company and even more concerned about Polartechnics - what I don't understand is why we would want to merge with a company that has LESS money and assets and more debt than Fermi?? Also if PLT is so successful how come we have never heard of their tests and while they say they are represented in all these countries they don't say WHERE (ie used exclusively at the Royal Marsden Hospital in the UK, the Moscow State Hospital etc - I am in marketing and if you have REAL information, you use it - this brochure is lots of clever marketing speak and no SUBSTANCE to my mind)
Doesn't make sense to me, I am going to do nothing and thus reject and hope that others will also vote in this way - feel like I am being railroaded by the Directors and since I have lost a lot of money with these shares (purchased at $1.89 I think!!) don't feel the need to do as they say - am I going to be acting alone? If these existing test
Doesn't make sense to me, I am going to do nothing and thus reject and hope that others will also vote in this way - feel like I am being railroaded by the Directors and since I have lost a lot of money with these shares (purchased at $1.89 I think!!) don't feel the need to do as they say - am I going to be acting alone? If these existing test
Drasic,
i think the "TAKE NO ACTION" was meant to be until we have received the targets statement from fermiscan. I can't imagine that Fermiscan are likely to come out and ask shareholders to vote against the merger given they have been in discussions with PLT for many months and it is not a takeover as such. To be honest, I cant imagine we could be any worse off by agreeing to the merge (FER currently 9.5c - ouch) When is this test going to be ready??? I thought late 2008 was the anticipated time. Did they mean late 2009??
Well, a bit has happened with Fermi the last few weeks
1. Missed merging with Polartechics that has since went into administration.
2. Free to sell the scan in European Union.
3. Finally selling the scan in Australia through 20 GP's.
Thank goodness there has been some good news at long last....come on fermi, 5 months to go to win the stock comp....you can do it!!!! Hope that management reads my post!
1. Missed merging with Polartechics that has since went into administration.
2. Free to sell the scan in European Union.
3. Finally selling the scan in Australia through 20 GP's.
Thank goodness there has been some good news at long last....come on fermi, 5 months to go to win the stock comp....you can do it!!!! Hope that management reads my post!
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fermiscan break out !
at last it is showing some nice movements towards the north
i think they read your post Grace
at last it is showing some nice movements towards the north
i think they read your post Grace