is there any body who could share his views about long term future of forbidden technology.i am holder from tech buble times and still hope best is yet to come for FBT

Online video sharing platform specialist, Forbidden Technologies unveiled its interim numbers for the six-month period to 30th June. Shares were unchanged at 26.5p as the company posted pre-tax losses of 344,922 pounds as negligible sales. However, an upbeat accompanying statement gave cause for optimism, as Forbidden said that it was "more confident" about the prospects for sales expansion in 2006. Bearing in mind the company generated just 17,851 pounds in sales for the first half, the company is starting from a pretty low base, so sales expansion should hardly prove difficult. However, progress is clearly being made in both the professional market with FORscene and the consumer market with Clesh, so perhaps the company can build some momentum in sales going forward.

Terrible results once again. Lower turnover and higher losses and still the very large cash burn.

FBT are down again. every year now for some time the price has fallen after the IBC exhibition which is just ending. This year the price did not even rise before IBC. perhaps releasing the poor results just prior to IBC was bad timing.

FBT is now only 6.5p above its all-time low of 18.5p in 2001.

I went to the Broadcast Live show where FBT where exhibiting. Their stand was poorly attended while I was there. I watched a seminar by FBT given by Stephen Streater. He is a good speaker, but I thought the content was very poor.

The audience asked the usual questions such as why doesn't FBT stream a decent sized image and why can't there be an option to resize. The reply was that Java cannot do full-screen without more control of the PC which is not possible.

The answer I got from one of their staff was that the quality would drop severly and that they could not expect to compete with installed streaming players such as Real, Widows Media and Quicktime. This is beacuse their player is downloaded at the front of the stream and is therefore restricted in size and features.

Now only 2.5p above its all-time low set a few months ago and less than 1.1p in net assets per share.

This trading at around 15 times net assets. Turnover 59K, loss 725,379.

Another fall. Now only 2p above its all-time low and still around 15 times net assets. A fair price looks to me to be about 3p max.

Another 1p down. Now only 1p above its all-time low.

Another fall. Only 0.5p above historic low.

Forbidden Technologies PLC
28 September 2006

Forbidden Technologies plc

Interim Results for the six months to 30 June 2006

Forbidden Technologies plc ('the company' or 'Forbidden', AIM: FBT), through its
proprietary technologies, has developed and is marketing a range of Internet
video editing and sharing platforms for a wide range of market segments in the
wired and wireless world.

In the six months to 30 June 2006 the company recorded sales of 68,228 compared to 17,851 in the first half of the previous year. Administrative expenses were 384,760 (2005: 401,493) and the loss in the six months was 360,274 (2005:390,929).

At 30 June 2006, the balance sheet showed 655,474 of net current assets (2005:
1,328,915) and cash and liquid resources of 645,676 (2005: 1,280,451).

Sales are significantly higher than in the first six months of 2005 and in fact,
have exceeded the total sales achieved in the whole of the previous year (2005:
59,705).



With higher sales and lower administration costs, the loss is also reduced and
the cash outflow from operating activities is consequently lower at 305,543 (H1
2005: 337,837).

For the first time in this interim reporting period, we are obliged to implement
FRS 20, the new accounting standard which requires us to reflect the 'cost' of
share options in the profit & loss account of the company. We have included a
line 'FRS 20 employee share option cost' shown within 'Operating loss'. This
results in an increase in the reported loss for the six months to the end of
June 2005 by 46,007 and for the six months to the end of June 2006 by 55,638.
This is a non-cash item, does not affect cash flow and is neutral to the balance
sheet.

Progress and prospects

The Forbidden Team have just returned from the International Broadcasting
Convention (IBC) in Amsterdam. It is gratifying to note that, whereas a year ago
visitors to IBC were impressed by our technology, this year there was a marked
difference. Visitors looked at FORscene as a complete working product and were
primarily interested in how it could be used in their individual businesses. We
secured a large number of promising leads from the UK and from many other
countries and these will be followed up in the coming weeks and months.

At IBC the FORscene web-based post production platform was the base for IBC's
first citizen journalism project which allowed attendees to contribute their own
video stories through their mobile phones. The news clips sent to the IBC
Citizen TV base were edited daily using FORscene, which automatically formatted
and compressed the video into mobile-size clips for viewers.

More awful results. Their increase in sales only looks good because the previous six months and last year were so bad. The admin expenses were very similar and the loss was only marginally better.

This is clearly going nowhere as usual. The revenue is abismal considering how long they have been in business - 68k.

The shares are now trading at a new all-time low. Their net assets per share must be less than 2p per share now.

FBT has hit a new all-time low of 13.5p so far today with a 15.62% fall.

Two MMs are on 11p for the bid! The rest are on 13p.

It is hard to believe that at even 13.5p it is still valued at almost 20 times its net assets.

In the last set of results they lost 370k on only 68k turnover.

They have cash enought left for about 7 months at the current cash burn rate.

All SELLS today again so far. One MM still on 11p for the bid, one on 12p and three on 13p. It looks like it could go lower.

Even at a share price of 3p it would be valued at nearly 7 times net assets - amazing for a losss making company with a large cash burn and a minute turnover.

The chart is looking very dire on this now.

It is now at an all-time low, cash running out, little turnover ....

Still valued at around 20 times net assets.

There seems to be little sign of revenue from FBT.

My calculations, based on cash burn and net assets in the last results, produce August this year as the approximate time that cash runs out for FBT. If this is correct then how will FBT manage Will they have a rights issue or a new share placing? Either way it should be quite dilutionary.

Currently, I calculate that FBT have a market cap of around 27 times their net assets. As August approaches I would expect to see the share price fall to allow for the huge market cap / net assets ratio. A fall to say half that value would produce a share price of approx 8p or lower. This would have the effect of making any new share issue even more dilutionary of course.

FBT takes another 10% fall today to take it to just a fraction above its all-time low set earlier this year.

FBT fell to a new all-time low today dropping by more than 14% so far after this RNS!

24 April 2007


Forbidden Technologies plc
('the Company' or 'Forbidden')


Notice of EGM


Forbidden announces that on 27 March 2007 the Directors of the Company became
aware that the unaudited balance sheet in its unaudited management accounts
showed that the Company's net assets were 294,296 whereas the amount of its
paid up share capital was 609,300. Pursuant to section 142 of the Companies
Act 1985 ('the Act'), when the net assets of a public company are half or less
than half of its called-up share capital, the directors of such company are
under a duty to convene an extraordinary general meeting ('EGM') to consider
whether any, and if so what, steps should be taken to deal with the situation.
.......

I particularly liked this part of the RNS.

"Forbidden announces that on 27 March 2007 the Directors of the Company became aware that the unaudited balance sheet in its unaudited management accounts showed that the Company's net assets were 294,296 whereas the amount of its paid up share capital was 609,300. Pursuant to section 142 of the Companies Act 1985 ('the Act'), when the net assets of a public company are half or less than half of its called-up share capital, the directors of such company are under a duty to convene an extraordinary general meeting ('EGM') to consider whether any, and if so what, steps should be taken to deal with the situation."


"became aware" sounds like a continuous sort of slow motion process, although it seems to have happened on 27 March. It is similar to someone standing on the tracks with a train approaching. The 'became aware' moment would have been pretty sudden. In a similar way one might wonder why this event was not so evident a lot sooner. Anyone with a cheap calculator or a very small piece of paper could have predicted this result months earlier. I suppose they must have been busy with all their customers (do they have any) and had not noticed that someone had forgotten to add up the till lately.

Down another 11%+ today. This is hitting new all-time lows day after day. Where will it stop? It is not clear now how much cash they have left after the directors offered to put up some cash. How long will it last as revenues do not seem to be sufficient to sustain the business without regular cash injections.

These are as bad as YOO.

Looks like it is turning a corner upwards now.

Looks more like a bit of pump and dump. There has been around about 60,000 of shares traded over two days and it has made the marpet cap increase by several million pounds. The things to remember about FBT are that it has little cash left and it falls as fast as it rises. (oh and don't forget it has almost no customers)