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Eh, I saw numbers. Both % rises, dollar amounts and tonnage
Basically no hard numbers at all in the RNS, just mambo jambo..
Yes that last paragraph about the potential >100,000 tonnes of Sweetbiotix is massive. £3b?
I'm a sucker for a SOH RNS. Caused much resentment on the way down to the single figures but I like the look of this one.
In terms of marketing, they really seemed to have sorted themselves out.
Those numbers for SWEET look huge but I await some of the much better informed posters to point out the detail in all this.
Some strong and positive messages in this RNS
SOH seems to have turned the first products business around and appear to be on cusp of something major with 2nd generation products
Sweetbiotix looks a potential game changer if they can get it formally launched
Thank his I’m in this share with someone competent in charge and not sbtx.
Website also updated as at 16 Feb 2024 (late as usual and not in accordance with aim rules - nevermind tis opti - though also probably not a rare occurrence on the wonderful world of aim companies)
Previously 27 June 2023 Finance Yorkshire Seedcorn Fund 9,449,314 10.36%
Now 16 February 2024 Finance Yorkshire Seedcorn Fund 7,088,314 7.77%
the above number agrees with holding noted on rns 19 Oct 2023 (albeit previous % noted as 9.74 and not 10.36) so presumably c568,000 sold between June and Oct
No change otherwise re Directors albeit S Hammond now not listed
mol
Just trolling around and feeling self ritious (sic) this evening
and noticed at least now on website
https://optibiotix.online/collections/snack-smart/products/snacksmart-soups
mol
DireCons - unless the messenger’s Tee Dubbya of course.
To be fair PJ was only relaying what was said on the Tee Dubbya site. Don't shoot the messenger?
I'm calling absolute bull on that.
Laughable in fact and one of the reasons why I haven't used that board for years
Ah remember PJ1 from the guild, liked his input. Assume this is a guild post.
Sounds scaremongering to me
what follows is taken from poster, pj1 on advfn. apparently referencing a note from *************/tw. i don't subscribe to tw so i have no idea of the exact wording.
"************* now dropping out the possibility of insolvency unless opti steps in at 4 to 5p"
as i say, no idea if this is what was said, nor what the wording may have been. or indeed the context. scaremongering? thinking aloud?
Traced the original agreement with CII back to December 2017. That's a long time with not much to show for.
Oops should be PBX board
apologies
mol
No not us per se but seed in at no 4 according to Success magazine
Most Innovative Company in Health & Wellness
4. Seed Health Inc.
Who they are: Seed is a direct-to-consumer, research-backed probiotic company whose products are available for a monthly subscription fee of $49.99.
How they innovate: The company believes “the science of probiotics demands a new standard.” Currently, the company offers just two consumer products; however, the science and testing that go into their products is anything but limited. Based on robust clinical research, it collects probiotic strains and puts them to the test in a high-tech simulator known as SHIME®, which mimics biological conditions from stomach to colon. Formula information and testing data are transparent and accessible, and its scientific board includes researchers from the National Institutes of Health’s Human Microbiome Project.
Financials: Seed is a privately held company; revenue and earnings are not publicly available. According to WWD, the company raised $40 million in Series A funding in 2021.
Impact: Seed’s combination of scientific rigor, social impact work and award-winning product design, plus a subscription model that eliminates the overhead of brick-and-mortar retail, make it a standout in an otherwise overcrowded and underregulated supplements industry.
https://www.success.com/most-innovative-companies-2024/
mol
Remember them - well they are attending Natural Products Expo West 12-16 March in Anaheim CA (not their first time i think)
CII manufactures colored and flavored particulates that can be Natural, Non-GMO, Organic, Gluten Free and truly be manufactured to meet our customers needs. CII manufactures direct expanded whole grain, protein and microbiome crisps. CII also manufactures customer granolas, clusters and panned items at our new facility in St. Joseph, MO. CII has partnered with Optibioitix to represent their interest in North America to showcase Slimbiome, a weight management microbiome. Stop by our booth #122 in the Arena and evaluate our new Plant-Based protein samples that can be utilized in numerous applications.
https://expowest24.smallworldlabs.com/cii
mol
Re the auditors. SOH has expressed frustration with Auditors, I seem to remember.
Good start to 2024 regarding breakfast smoothie though
14 - 5 star, 1 - 4 star and a 3 star
with the undernoted today
Delicious!
Overall: 5
Mixability: 5
Taste: 5
Effectiveness: 5
Really tasty and not grainy like other shakes I’ve had. Perfect to get protein in the morning and I just wish I bought a bigger bag!
20/02/2024 by Maddie
Verified Purchase
https://www.myprotein.com/sports-nutrition/breakfast-smoothie/13251950.reviews
mol
In terms of the SP drop - though it was announced 11 days ago, news of Opti's auditor swap may have shaken confidence.
It's not 100% clear to me whether this was Opti's decision or the auditor's, though the phrase "its termination as auditor" suggests the former.
The RNS does state the old auditor "is not aware of any circumstances connected with its termination as auditor that it considers should be brought to the attention of the Board, creditors or shareholders of the Company."
Even so, there's always a reason (though it could be something as innocent as cost / culture clash / perceived incompetence of former auditor).
There was a trading update on 28th Feb 22, but nothing around that date last year.
So as martinu rightly said, they're ad hoc.
Trading update are always given end of February each year so I suppose 2023 is another year not pretty
Results are usually published in June for YE Dec. We have had trading updates in the past, but these are ad hoc, so difficult to predict when they might be posted.
SlimBiome products , etc have been the main stay, since PBX was hived off. And this is a very crowded market, so don't expect massive returns there.
The long anticipated and hoped for SweetBiotix commercialisation, is still that! And whilst we have some advantage in science backed claims, competition must be growing there. And because the development partners for Sweet are, we are told, big players. We go at their pace.
Even so the SP was holding its own, with the usual sideways and slightly downward shift. So today's bigger drop is a bit disappointing. So my guess is the fall is due to lack of news/patience. The latter being understandable.
I don’t think they are selling any volume in Holland and Barrett,that’s for sure.
Are results due