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

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)

Forbidden Technologies - Pre-close trading and strategy update

click here

Forbidden Technologies - Innovators & Investors Forum

Click here

Is this a stay-away stock/investment?
I like FBT editing-tech, but then I liked MotiveTV [MTV] and look where they got.

Fact is that FBT doesn't have a niche-product as such, they don't have a fantastic interface - and- crucially it's not as-yet a "Must have" Option. Others here suggest they have a tiny customer-base . . . but that's not easy to determine . . . certainly they go to many shows to seek-out new Users, but one wonders what these folks are doing right-now without FBT.

The Cloud is quickly becoming saturated by the Big-Boys in computing software, like Adobe who offer what is very similar . . . . at a much greater price, but then most Co's already use Adobe - so paying a tad "more" for any additional service is a no-brainer.
By comparison, just what is FBT offering that would make these Customers switch? No, I don't get it really.

EDIT (2April2015)-sp falls o Ns that Costs have risen dramatically to get them into exciting new Markets, as the Web develops ( surprised?), sp ~7p5 when not long ago it was above 20p - but seems Turnover has dropped also - that's a worry for any investor, IMHO.
EDIT(9May2016) - sp dips to 8p - Co. raises £1.3m at 7p
EDIT (13Dec2017)- sp =4p5 as new CEO revitalises Co. Plan to replace Sales staff - does this remind you of Provident lost vital customers as staff moved elsewhere?
What I fail to understand is why this Video Tech isn't available for editing Home Movies ( and Professional, once it catches on ), since there would be a FREE active group discovering what's wrong, making update suggestions, improvements, without the background of "Existing Products". Current sp is woeful - Start=yr 2000 =
EDIT (6May2018)...missed the AGM 30April... did anyone go?

Making good progress now.
Chart is looking promising.