Member Info for belgrano

Stock interest increasing

New position here for me, no more higher risk stock with poor sales on the aim casino.

All long term holders have suffered appalling losses in this stock as they have effectively been deceived by the top man in the company, I know it doesn't ease the pain, but having believed SA and why should we have, the case for investment was a good one. I had a total wipe out nearly 20 years ago, and recall the pain when the CEO assured me all was well on the Friday, to have it liquidated by the bank on Monday. Issue was then and now we trusted the man at the top, but it still hurts when you recall that broken trust.

We still do have to clarify that Zenakine royalties are double digit and that the actual deal is as good as we were led to believe by now a fraudulent proven liar and disgraced CEO. The company statements were very thin on the ground regarding the Croda deal and certainly royalties are also very thin. I was always concerned over the terms of the deal and echoed it many times.

I always thought that was the case as quite frankly this stock is a poor investment compared to whats available on the market, however to purchase so many for so long must be on behalf of another buyer.

So reading between the lines, Ashman took bonus's after fabrication false royalty figs. So some of his podcasts must have also been lies and fabrication when he stated that X amount of royalties will be expected. I hope no one took money from SA to promote SBTX, as they may also have been unwittingly tricked especially if what they produced was not open source but behind a paywall.

here we are trading again at a sweet 9.5p and have already seen a few of the expected "lifestyle" investors close their positions and best of luck to them.

most of us one week ago would have taken this mornings announcement in a heartbeat so should consider ourselves lucky that sa 's fraudulent actions were confined to just what has been seen and not much more.

why he did it clearly the next actions...did he trigger any bonus payments for himself, or was it just a failure to obtain expected results that made him stoop so low as to cheat shareholders by falsifying company income. was he ****sure enough that he expected the income and just thought he would get away with the considerable shortfall and not get caught.

now we clearly see why he never bought stock, and has made himself almost unemployable in the business finance sector, may not have been his first rodeo, but i'd wager its his last.

bet we wont see him back in no:10 again anytime soon, but some may rightly say he fits in right at home there the way things have been run recently.

good luck to all investors here, i look for signs that our big buyer is back in the market then all will be well.

I sense a huge sigh of relief from nearly all shareholders. Back trading again and the results could have easily have been much worse. At least shareholders who wish to remove funds or need some cash have an opportunity to do so.

I can actually see the share price rising from here in the next few sessions as in effect that loss was already written in along with a decent margin of contingency as well. Bound top get some forced sellers today for normal life reasons but can now move on to business as normal.

Words are fabricated.

"Documentation provided as support for the FY25 accrued royalty revenue was identified by FRP as fabricated by the former CEO"

Had two false dawns so far, seen the RNS tick box, then made a nice cuppa settling down with expectation at desk ready to absorb warts and all, and its another damm delay. Doh, ..Bet I'm not alone in this reaction either.

Great find Toyin, fingers crossed for next week to end this current sorry state of affairs. Certainly dragging on now, expect we will look back and think just how so little took so long to sort out. Lets hope the cost isn't overly eye watering.

We are all in the same boat, however when the dust finally settles I don't believe many here will be disappointed. Stock has already underwritten the bad news so unless further revelations the only way is up, but without SA at the helm which many may say is another bonus.

Think peeps have to be mindful that the 700k loss is already written in and the reason the suspension price is 9p and not 19p as prior to the news. so unless further losses are revealed i dont expect further falls. Indeed I believe there is actually more upside than downside on the momentous occasion and the reason we hold instead of selling up which we all had ample opportunity to do, and for some of us with decent 5 fig profits.

I actually believe we will go nicely blue once news out and the chaff has been ousted.

This "temporary " suspension now closing in on two months. first week of June will be 2 full months.

Lets hope so Clio, time to put this whole sorry episode to bed and move on.

It might not be cash raise, possibly going after someone which investigations have revealed may have done something with shareholders money. By this I am talking fraud.

I would like to see an end of play RNS, so everyone has good opportunity to read up, as when trading starts again likely to be fireworks one way or another.

Also showing as 0.08p on interactive investor.

I'm certainly hoping for some decent transparency but do wonder if we will actually get link to the full report. Not sure whether it will include any payments to third parties promoting the stock and products and what they were.

My bet was this Thursday.