Opportunity 4 MASSIVE GAINS! FITBUG are 11.25p a 1945% GAIN

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© Mike Hodges

OMG! Opportunity 4 material Gains!

OMG  should now stand for OPPORTUNITY 4 MASSIVE GAINS! –  On the  29th August we  recommended FITB at 0.55p – today they are 11.25p a  1945% GAIN


The news flow since we rang the bell at the bottom justifies much of the price rise – clearly, however  the company  should clear debts of £7.0m and raise  sufficient funds to further develop the business.

We usually suggest selling half your holding

The Original Article

FITBUG (FITB) 0.45p-0.55p Mkt Cap  £0.8m  Next Results; Interims to June annc. September

The Finals to  December reported in May did not make good reading , but the share price knows that already. Fitbug provide online personal health and well-being services, and have been doing so losing money for doing so almost  before gym membership was fashionable. The product is now wide spread and  most smart devises will have some sort of App that tries to get the user out of their seats  to do some exercise.  Fitbug have a sophisticated and content rich application of connected health products for the mobile healthcare market,  and were able to state  that orders  at £1.2m for 2014 were already 60% higher than the whole of last year. Customers include Tesco, Dixons and PC World in the UK as well as having clients in Australia, South Africa and the US as since the beginning of the new  financial year ten distribution partners have been appointed hopefully providing room for turnover growth in the second half. On Thursday it was announced  that a £1.75m loan had been secured – that should be enough to deliver a leverage impact for the second half of the year! The loan is from mainly the existing board and is repayable by 31st July 2015 and carries a mere 5% interest rate.

As  show of confidence in the Futbugs ability to deliver some contracts this is hard to beat – as always you make you on  minds ……

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