Fitbug Holdings – “Litigation Settlement”, but terms “confidential” & why it’s still bargepole ahoy!

Fitness technology company Fitbug (FITB) has announced that it has entered into a settlement agreement with Fitbit, Inc. to resolve all of the litigation and claims between them and that “whilst the terms of the agreement are confidential, the immediate positive result of the agreement is that it removes the burden of any ongoing legal costs of this litigation from the company”. The following reviews with the shares in Fitbug initially up, but now falling back…

Fitbug (#FITB) says has settled litigation with Fitbit - wont reveal terms

Fitbug (#FITB) appoints a chap who steered "Ideas that Go Ping" into the ground as NED

Fitbug (#FITB) do its trackers work at all, BBC expose on sector - Daily Mail

Fitbug Trading Update - short on numbers, very short on cash..its fucked

It is not what Fitbug (FITB) says in its year end trading update which is alarming but what it does not say. Mr Market was not fooled by this hogwash and the shares are off 20% at 0.9p. That makes the shares still overvalued by circa 100% but the final demolition of this POS, which was ramped so disgracefully by certain folks, can wait for 2016.

Rampers fave Fitbug Holdings – current share price action (down, natch) a signal?

Last month Fitbug (FITB) announced a new version of its digital health and fitness training programme, Kiqplan, and I noted my immediate thought was when’s the next fundraising ahoy? – see HERE. Then 1.80p, the shares are currently big fallers today to below 1p. Hmmm…

Fitbug (#FITB) series of management changes - think deckchairs & Titanic

Fitbug Holdings – Kiqplan new app announcement, when’s the next fundraising ahoy?

Fitbug Holdings (FITB) has announced a new version of its digital health and fitness training programme, Kiqplan. My immediate thought was when’s the next fundraising ahoy? - and the shares have responded by heading 6.5% lower at 1.80p. I guess you can fool some of the folks some of the time...

Zak Mir's Bulletin Board Heroes: Fitbug, Hurricane Energy, Iofina, Pantheon Resources, Providence Resources

Featuring shares in Fitbug (FITB), Hurricane Energy (HUR), Iofina (IOF), Pantheon Resources (PANR), Providence Resources (PVR) with share price targets for all five stocks.

Fitbug Sales Director walks – when’s the next bailout placing?

Let us discuss the much hyped AIM car crash waiting to happen that is Fitbug (FITB). It today announced: 

Fitbug Holdings – interims reviewed as shares continue to sink

I first warned on Fitbug Holdings (FITB) with the shares at 6.22p just under a year ago HERE. A ramparoonie would take them all the way to 20p, but I now update following results for the first half of 2015 with the shares at 1.70p…

Fitbug (#FITB) interims - truly dismal - balance sheet a trainweck

Fitbug Holdings – update as boardroom change ahoy follows fundraising ahoy!

Since I previously wrote on Fitbug Holdings (FITB) – ‘You were warned, and now it is fundraising ahoy!’ HERE, it has been boardroom change ahoy! …

Fitbug (#FITB) - chairman walks, another Red Flag

Fitbug (#FTB) - Appoints Anna Gudmundson as new CEO

Fitbug Holdings – you were warned, and now it is fundraising ahoy!

In June I noted (see HERE) an announcement from AIM listed health technology company Fitbug (FITB) of “an agreement with inflight retail specialist, Scorpio Worldwide Ltd, to include a Fitbug/Kiqplan product bundle within its range of products promoted to major airlines”. This following an announcement the previous month that Fitbug “has expanded its pioneering Kiqplan offering through the launch of four new training programmes”. I questioned the financial import and that these looked more like “trying to run-up interest in its shares, another fundraising ahoy?” a red flag. And so today…

Fitbug (#FITB) - Raise £1,665,000, of which equity is sold at 2.5p, a mere 40% discount

Zak Mir's Bulletin Board Heroes - CEB Resources, Fitbug, Gfinity, Legendary Investments, Mosman Oil & Gas, Zambeef Products

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