Member Info for belgrano

The risks were higher then Friedman, if we could all be hindsight investors lol, we would make a mint. I still get plenty wrong?

Certainly not worried about intraday retraces, the trend is going up.

One factor which is almost palpable, is investor confidence I believe is starting to return. It's still weak but miles away from the dreadful despair we saw on the 13th of last month, with many believing liquidation was a distinct possibility. It was torrid to see and horrid when it happens on a stock you thought secure. I felt really sorry for those who sold at terrible losses. Indeed many respected posters on here believe we will be much better off without a cowboy in control.. Hopefully hes gone to find his next rodeo.

Still believe we will see a fair bit more value to come with this stock, I'm not convinced that MD is buying all the stock without some plan in place, and the recent dip has created ample opportunity for others to accumulate some decent amounts without needing disclosure.

One thing that is a fact today is "Mr. Market wants your stock". Tried dummy sell and will easily take 200K at 0.97 right now.

Says to me, they want even more shares than what we've seen sold today. Unless others want to sell they are going to have to raise the price some more.

So today its a hold or buy from me.

Really well done for those top slicing and thanks for sharing that info as its crystal now where the stock being sold has come from. Easy to say "I've bought", but equally good to see folks taking a bit of a risk and doing very well out of it.

I'm still fully in for now but that's my choice.

Just an observation and its me and my suspicious mind, we are most certainly seeing strong appetite for the stock being offloaded and not really seen any decent retrace like I would normally expect after decent profit taking. Sort of says to me a couple of possibilities.

1. Not rocket science...but our buyer or buyers are still hovering up all the free float while the share price steady recovers.

2 .Facts behind the huge drop are known or the info has recently been shared with some investors who know the price is going to rise so are buying up the stock now. I would tend to go with recently shared, as we currently have buyers into double digits unless their appetite is very large.

I expect the bulk of the investigation is completed so the above does make sense to me.

Time will most certainly tell.

Very much in the same camp, however I believe we can tentatively draw some observations.

I believe Rachel wouldn't join as CEO unless she understood whats going on ie: not a disaster.

Shares are making steady recovery.

Company wants to draw a line under this affair ASAP.

Company needs to reassure share holders so we might get more info than we've ever had before.

Small steps but highly possible that 15p or more could be on the cards if damage is limited and we've disposed of a lame duck CEO making the company stronger.

Know what I prefer.

Hi Whackery,

You just touched on something there which in my opinion is fundamental.

If any of us were Rachel Parsonage being interviewed for the CEO position, I'd be asking very hard questions about the position and most importantly the current state and future income of the company I was expected to take over.

No one would take such a pivotal role if the actual hard finances appeared dire, and would damage your reputation.

So this sort of says to me, things may not be great but they are not terrible, hence she has accepted the position.

Clearly the definitive answer will be the RNS from the new auditors which I don't believe will be much longer, it does however start to give new confidence that the damage is not as bad as it might be.

Shutting down was the correct course of action with Iran targeting UK interests as well as USA. Must not be forgotten that Iran holds sway over Iraq with many active sympathisers . Wasn't very long ago these Iranian sympathisers were launching drones inside Iraq. Iran wants to strangle hold crude production by closing the straight which it has achieved. If GKP didn't stop exporting crude, those militants would have made sure of it. Far better to keep the equipment intact. However GKP should have built much more storage facilities which would have already paid for themselves three times over by now. Never even got a reply from the company over this sound request pointing out the savings from someone with 30 years oil experience

Also on the RNS from Mr. Hunt.

With respect to the forensic investigation, we are balancing the thoroughness of an investigation within a clear cost-benefit framework, to remove any uncertainty around the business' future. We want SkinBioTherapeutics to get back on track, move forward and focus on accelerating its growth again."

Was kindly pointed out on here that with an investigation the costs can be "the skys the limit", so good to see common sense from the company being deployed within a "clear cost-benefit framework". This should further protect our limited finances.

Excellent point Obone about the stake building. Just tried a dummy sell for 500K and offered 0.792p to take the lot.

Never seen such willingness to take so much on an instant trade on this stock, must have orders they cant fill.

Really proves your kindly made point, and says to me and to anyone thinking off taking something off the table that the price is going to continue to trend up.

With the share price rising over 40% in the last few sessions is it really any surprise that things have slowed down after the last couple of sessions without any fresh concrete news, but some excellent observations. Clearly we had a good few traders who purchased when the stock went well oversold and have now sold their investment and trousered their well earned gains. Even posters like myself it is tempting to take a 5 fig profit now before any company announcements so as to lock in the profit without the risk of very bad news being revealed. The traders selling have caused the slowdown in price rise, but those buying now do expect to see the price back into double figs before long. I share that expectation so at least for the time being it’s a hold from me. Clearly we don’t know the the auditors will reveal but I know our base asset worth more than 10 p a share.

Hi Ox,

Selling the IP for serious returns to the largest bidder would be selling the crown jewels and I'd like to see it. This company by trying to empire build cant survive, give good return to shareholders and get rid of the lot. Business is a tough game and loyal SBTX holders have waited far too long already and if the penny hasn't dropped by now it should have. Sorry to sound hard, but the only winner to date has been SA, and other board members. Time to draw a line under the whole thing.

Hi Net,

That would be true for normal market conditions, but this company is far from experiencing normal conditions with one major factor being the buyer of 48M shares up to 20p and going buy their actions didn't see much sign of stopping.

I doubt they will find 8-10p price range unattractive either. Forget any TR1, that notice is probably "stuck" in the Cayman Islands third class postal service like previously.

They purchase by hovering up the surplus stock trying not to rock the price.

Be interesting to see if we do actually get big retraces as the traders exit- and well done on those profits.

Would hazard a guess that we are seeing it already??

This will alter the picture completely, and should make everyone who's also looking to capitalise on gains take serious note, because I believe there is a lot more to be had.

Fully agree Net,

However that's normal market conditions, and I would probably say we are already seeing today swing and momentum traders taking profits by selling as well over 20% up from the lowest dips. This may continue a few times over as the prices swings erratically due to these actions compounded by news when our company releases it.

Also don't count me in for the long haul either (being completely honest) as I've been completely out and in again for decent amounts 3 times since this stock launched. I see a steal of a buy and I buy it either for a short or longer hold. I certainly don't love any stock and our objective is to make money.

What may influence my decisions is news from the company and I do believe that our latest largest holders see real value in our product and have a strong idea which way things are currently moving, I would like the company to share this direction and hope its not empire building with struggling companies that are up for sale. Company must be very cash conservative, not do ill judged doomed to failure launches, and concentrate almost solely on Zenakine and axis. Even sale of Zenakine to largest bidder would encourage me to stay. However for me timeline is very important so won't be in for years again... just so many alternative stocks out there.

Very noticeable that we had no TR1's indicating all the big players held and only the smaller investors sold. Shame they may be missing out as anything in single figs in my book is a buy, and goes by this mornings trading Mr Market certainly agrees.

Unless Croda made say 5 tons of free samples, (which is a lot of product), and Croda formulated it to favoured clients only billing them for bulk ingredients not the Zenakine 2% samples contained but then SA counted royalties from those bulk sales which wasn't going to turn up.

Appears Mr. Market is now agreeing that this share price is in oversold territory.

Certainly a sweet bounce of the btm as all stock at the cheap prices finally got snaffled.

I've also be fortunate enough to acquire a decent wedge so cant complain while leaving plenty for the next guy.

However these price actions wont be lost on all the swing and momentum traders out there so we are most certainly going to see some volatility in the market, and that's without the company news which we also also expecting which will force the price one way or another.

However we are also seeing signs that for now the price has bottomed out so there is a lot of hot money following this stock and wanting to get in lower.

Well done to those investors who risked the falling knife and have also secured positions be it for a long or short hold.

Should be rewarded over next few sessions.

Mr. Market is growing hungry for cheap stock, offering me 5.6p to buy, but happy to take 400k shares at lower price of 5.3p which is a surprisingly large amount without going to market order.

So if anyone wants out at current prices seems ample opportunity to give em away. Seems to me without news the cheap stocks almost gone so next move is going to be up.

Mr. Market likes the Croda results.

https://www.lse.co.uk/SharePrice.html?shareprice=CRDA&share=Croda-International

Hi Ox, if we go down the route of a board battle, probably one side including briarwood and MD looking to sell the main asset and the other as SA wanting to hold onto the company and prolong the gravy train salary. Then the wrongly timed reporting of the Croda Royalty is discovered therefore giving the board the ammunition they required to effectively sack SA. Price crash has fallen wonderfully into the MD camp with large numbers of stock being hovered up on the cheap , while the formal investigation plays out. Before long we will see another TR1, but it’s going to be well north of 2M shares increase. It’s no accident that we Havnt seen it already.

Doesn't seem enough announced buys to justify the very small rise, unless we have the same happening again, an iceberg buyer accumulating again with the totalizer trade to be announced in the future, that makes more sense to me.

Good observations Net,

Another way of looking is the 2M buyer doesn't want to see a price increase...yet.

One thing I noticed about nearly all the buys from MD. Such heavy buying but all planned to gently take from the market without causing hardly a ripple in the the share price. Anyone buying 49M shares could have easily signposted intent and shareprice prior to the dip be double what it was.

For my take the same strategy is still in play, if peeps want to give their stock away for peanuts he'll kindly the lot, and try to do it without wobbling the price.

In a couple of days I expect the second class posted TR1 letter will arrive again, again same tactic.