Forbes Medi-Tech fka FMTI

[iculooking]

FMTI and why its so undervalued...


I know they were guiding at $22 million which was stated in march 2005...but with the june numbers ill bet it's more like 25 million....A huge +....Thats going to be in the news pipeline also, watch......

Also they talk about the 5 year agreement with the european markets, and they have had one product launch then received approval for seven other food catergories. We havent heard about any of these new launches but should anytime or for sure by November....These also are in the news pipeline....

This news pipeline is building for FMTI tremendously.

I peronally think they will be going to $35 million + in Reducol sales in 2006..especially in the European markets. Bear in mind none of these figures take into affect what their cholesteral drug will do to revs when it hits the market.

I think 25% is a given with flashes much higher as more comes out . This truly is a new novel drug that Merck already wants a peice of. By year end this should be trading at $10 or higher imo.


Take a look at this bullish 3 candle formation.

http://stockcharts.com/def/servlet/SC.web?c=FMTI

Its a Low floater (3 M) too, that could double this week, you might want to get some. Nasdaq stock trading at $1.90 that has been beaten down the last few days because their big plant is in Texas, but now the hurricane missed it and all is well, which means that the shorts will be and are covering.

Plus, this week they will get approval of their news cholesteral phase 2 drug that puts them one step away from being a major player in the $50 BILLION cholesteral market, next to Merck. In fact they are developing a partner ship with Merck. Chart looks great (golden cross soon), think of this news and the fact it hasnt ran up at all so far it very well could hit $4-$5 next week.