Australian (ASX) Stock Market Forum

FER - Fermiscan Limited

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britishcarfreak said:
What's going on with this stock? The price has been hammered - now even with the sub prime jitters this is getting ridiculous. Down from 2.20 to 1 in a few weeks. $1 today! This hasn't had any form of recovery at all. It just keeps dropping.

Are their trials going badly and people jumping ship? I thought their product was basically a sure thing.... the preliminary trial results have been excellent.

Anyone have any ideas?

Perhaps just major stop-loss triggers that keep pushing it down.
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Well the 2000 patient trials should be complete by now so more results when???The company is confident and are looking at commercialisation this year.Institution and sophisticates bought in at $1.50 so if the trials go down they can kiss there millions away.If it`s all for real then , well , who`s on the shuttle to outer space.
 
Indeed. I thought trials were due for completion mid year and then there were to be more... no results on the first 2000 trial..

Given the institutional backing earlier in the year I'm really confused by the current SP. Something just doesn't add up - so I've been buying when I can. I'm starting to freak out though as there must be something more sinister going on behind the scenes based on SP.
 
A couple of observations:

Almost 60% of Fermiscan shareholding is in 3 investment companies: if any one of them was seriously squeezed for cash that might explain some of the sell-off.

A new arrival on the Fermiscan scene is the Synchrotron installed in Melbourne, with which Fermiscan is 'holding discussions'. (ASX announcement). Hitherto I understand Fermiscan has had Synchrotron work done in the USA. All of which could be very good news, or perhaps opens up opportunities for another player in Fermiscan's game? Or exposes some of their optomism to the harsh eye of local review?

I agree that a plummet in a small stock is discouraging. One gets the idea that there is always a small pool of well-informed shareholders who get the jump on any news, good or bad.

Curiouser and curiouser.
 
Purple XS2 said:
A couple of observations:

Almost 60% of Fermiscan shareholding is in 3 investment companies: if any one of them was seriously squeezed for cash that might explain some of the sell-off.

A new arrival on the Fermiscan scene is the Synchrotron installed in Melbourne, with which Fermiscan is 'holding discussions'. (ASX announcement). Hitherto I understand Fermiscan has had Synchrotron work done in the USA. All of which could be very good news, or perhaps opens up opportunities for another player in Fermiscan's game? Or exposes some of their optomism to the harsh eye of local review?

I agree that a plummet in a small stock is discouraging. One gets the idea that there is always a small pool of well-informed shareholders who get the jump on any news, good or bad.

Curiouser and curiouser.
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Aye, fair points there Purp.....the sub-prime scare has abated so there seems no logical reason to be selling at this stage
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but the constant (i`ve been watching
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) sell off is contrary to investing.The result of the trials is critical to the companies well being and these results could come out when??.I only hope the selling is due to impatience rather than leaked test results.
 
Well let there be light.....some comfort and understanding for Fermi clams.News on trials and the unnatural hair situation.

Despite strict validation trial criteria for hair collection, a significant number of the hair samples collected to date were excluded from the trial because of damage caused through treatments such as dyes, perms or chemical straightening. Progress of the trial has been delayed by the required revision of hair collection criteria and the need to collect further samples. Completion of the trial is now expected in late 2007.
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I had the impression that the latest trial data was quite encouraging, yet the SP rose for all of 15 minutes the next day before plummeting back to around the $1 mark???? What gives
 
Good news Fermy followers.........after 6 o`clock announcement with info. on European Patent Grant. Validation still the key here.

11 September 2007

PATENT APPLICATION GRANTED IN EUROPE

Fermiscan Holdings Limited today announced that the European Patent Office has issued to the company a Decision to Grant its European patent application entitled “Using hair to screen for breast cancer”, Application No. 99965361.1. The European Patent covers claims to the use of x-ray diffraction of hair to detect not only breast cancer, but also prostate cancer and Alzheimer’s disease.

http://imagesignal.comsec.com.au/asxdata/20070911/pdf/00758265.pdf
 
livid said:
I had the impression that the latest trial data was quite encouraging, yet the SP rose for all of 15 minutes the next day before plummeting back to around the $1 mark???? What gives
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The patience is thinning fast now.I believe the s.p. will drop further until some firm evidence is presented to the public regarding the trials.

* Validation trials should be completed before the year end
* With consistent results from the remaining samples, commercial roll out is expected in 2008
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A watch and wait i suppose.
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look like fer is falling of it's chart....
i got myself a small piece of it
on ething that wasn' t told on this forum yet
was that in the oktober issue
fer was on of the stock with a buy sign

.... A rally in a volatile market is a good time to take at least partial profits. and if you believe in the fundamentals for a share longer term, a later inevitable downturn will be a chance to bay back at lower price. So improve your cash position and be ready for the opportunities ahead.
this month we pick two potential high-growth stocks that have been sold well below their year-highs due to the nervous market that erupted early in the new financial year. Because both are developing new technologies, early enthusiasm in many punters has waned. Stocks like these need patient investors. If , as so far indicated, the technologies are successsfully commercialised, the rewards should be considerable.

WHY BUY?
investors appear to have lost patience with the compangy - although trails so far are encouraging- and the shares are little more than a third of their year-high
validation trails involving five radiology clinics and 3600 patients should be completed by the end of 2007.


.....end

now at the time of the article the sp was $1.00 now today we went as low as 61c, give the all time high of 2.85 that is more than 4.5 time a decline in value in 8 months with the biggest fall in the last 3 months....
with no proof or indication for a negative outcome as far as i can see
but correct me if i'm wrong


to all of investor i need to say that there is big risk involved in a falling stock
so deal with great caution because i know nothing more or less than you

cheers and good luck to holders and believers...
 
well looks like the big guys are seeing ood value in this silly price compare to the high of just a few months back
....
change in substantial holding...
BUY of 80 000 shares

by Manifest Capital Management Pty Limited

a sign for a turnaround?

cheers


dyor
 
The recent acquisition by Manifest would seem to suggest to me that the trial data we are waiting on with baited breath can only be positive (as it has been up till now). Any other reason for the big guys to jump on with a nosediving sp???
 
i would like to think so because i don't know any other reson why they would buy unless they see value ...

also and i would like to see some discusion about the fact that current market value is 44 and thay have about 22 milj cash in hand ...
:confused:
how much lower can it go?
and what will happen today with the dow more than 200 point lower ...i asume our market will be weak aswell
so maybe we will see fer falling further??
i just pick up some along the way down ... very risky but could be very rewarding as trails were good and sub holder is buying

all the best
:rolleyes:
 
drasicjazz said:
i just pick up some along the way down ... very risky but could be very rewarding as trails were good and sub holder is buying
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Quite risky alright. I always get worried about insiders having knowledge when a sp is trending down as badly as this is. I picked some FER 12 months ago and made a 100% profit in a very short time and jumped off.

My memory seems to recall the big machine they need for their technology was one of the problems I foresaw. Can't remember the name though.

Could be some cheap shares today. I'll be keeping an eye on it.:2twocents
 
Jimminy said:
My memory seems to recall the big machine they need for their technology was one of the problems I foresaw. Can't remember the name though.
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They had been using a synchrotron based in the US (costly), but are now looking at using one based in I think Victoria. Definitely agree that this one needs close watching. When the good news comes it should be a fast ride
 
Drasic,

in the future can you please provide some info in your posts, rather than just stating what everyone can already see.

Thankyou.
 
earlier on Manifest Capital Management Pty Limited increased his possition with 80000 share .... what is always a good sign but we didn't see anything in the SP
today came the second indicator that there could be good news heading our way ---about the validation test resluts--?
the price went up from 59c to 80c with a big buy volume in the beginning of the day as you can see on the first chart.
with almost no retreat-- and ending at todays high
and with the selling volume slumping, i don't think that there was much daytrading going on which would indicate that people are holding for beter sp to come
tomorrow we will see this confermed --or not
if people go home tonight and see the spike of today they mite be happy to sell there part as this stock hasn't been performing so well for theim the last few months.
now we can have 2 senarios
1 the one i don't like to see happening is
that the sellers are selling the price down
or 2 the one we like to see happening
the few sellers are beeing bought up and sp rises further:)

i hope that the Validation report will be there soon
so we can take that part of the speculation out of this stock
and start with the speculation of how much money they will make with there technology;)

all the best
DYOR

here are the charts
first one is 10 daylly
second on is yearlly
ciao
 

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is someone into this one
from 60 c to over a dollar in 2 days:)
after the strong day yesterday and a strong close
the stars were lined up well

but this is a very fast run

all the best

DYOR
 
I have a slight grin on my face at the mo'.:D
I got in this morning at .75 and am enjoying the ride!:bananasmi
 
So, would anyone like to hazard a guess as to the last few days? Reading the ASX query and response, it all seemed like a lot of nothing - was there a positive announcement immenent which will now be held off a little longer? Or am I reading a little bit too much into things. Must be my sinister streak. Would love to hear others thoughts
 
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