Fitbug has announced news of a fund raising.

The Group has raised £1,665,000 through a combination of the issue of new ordinary shares and the issue of a new Convertible Loan Note to NW1 Investments. A restructuring of all existing loans has also been agreed on favourable terms.
New funds raised will support the product enhancement and marketing and increase sales of the Company’s integrated wearable health technology offering, including Kiqplan and Fitbug Orb.

With plenty of other wearable solutions out there we still remain of the opinion that it’s hard to see how Fitbug can secure a meaningful (and profitable) position in this market, however it would be terrific if they can succeed.

See more at: http://www.investorschampion.com/blog/

how charts lie :-)



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now look at the longer term chart



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i accidentally bought some for my sipp a couple of years back - meant to buy Fitbit - and they are worth virtually nothing
however, they show today as +335% (now +490%) so my holding is still worth bugger all :-)

Lol! :o)

Suspended pending announcement .

i assumed sp boost was because of this morning's rns .....

wellness technology provider for corporate organisations, today announces a customer win with a global financial services group in Asia. The customer will use Fitbug's digital wellness services to help maximise employee performance, with the end goals of improving employee engagement, and reducing absenteeism and risk of chronic illness.

Fitbug has secured an initial 1-year corporate wellness programme, which includes ongoing service revenue, together with an order for 14,000 devices. The devices were shipped in December and the programme is rolling out early this year. The client wishes to remain anonymous at this time.


but seemingly not

sure was heavy traffic prior to suspension ..... 1,140,815,082 !!!

Cynic, is your name Ciaran? I think I know you.

not since i was born :-)