Member Info for belgrano

Agree net, hopefully MD will put on pressure for a sell to Croda for three times the current SP. Board to conserve spending to maximise shareholder returns, and if other products not selling well , pull the plug. Time for hardball.

At least now we can see most of the damage, and the patents are worth a good 15-20p per share... So at 6p a great buy.. The 133k top up at 6p about to show was mine.

Excellent post Toyin,

No CEO should ever state "estimated or anticipated " income as factual. We were paying him over 350K for his honesty, caught out lying bigtime and just trying to make excuses.. For someone who never put serious "skin in the game", those deliberate financial errors are fraudulent, no question about it.

Now we clearly see why he hid behind further lies like "cant talk due to NDA", and stopped all investor communications. He knew his time was up and I expect he was just prolonging the salary.

Well "on your bike" mate hope to see you about as my local Deliveroo needs more pizza riders.

Hope the board ensures that any stock and pension options he has or accrued are withdrawn due to these fraudulent actions, which has directly cost investors here thousands apiece.

Https://www.lse.co.uk/news/SBTX/probiotix-says-shares-hit-by-mistaken-assumptions-of-link-to-skinbio-3havbh81oijwwo6.html

Common sense, same reason OPTI also down, same lemming type investors hold all stocks, so when they saw buying opportunity on sbtx, raised funds by selling some of the others.

Mr. Market does not like to suspend a stock only a last resort and we are certainly not there yet. Now returned to UK today to find this stock in utter turmoil.

Really feel sorry for investors who find themselves badly down but not out.

I sold a 7 fig holding here several months ago and took plenty of stick when I published my reasons for doing so. It doesn't give me pleasure to see the sorry state of affairs today, however I do feel this company has some solid assets and don't throw the baby out with the bathwater.

With this view I retook a modest stake today, and when things become clearer will add. Hear whispers of board battles and factions wanting to sell to Croda, but nothing solid yet.

However our main asset is worth probably double our current market cap, and we might find a main resistor to sale has now resigned. Company also has decent runway cash and a couple of other low value assets.

So in my book its not a gamble but a secured investment on the patents.

Not in Lemmings Bazz, although saw some comments yesterday in advfn

Yes those 200k sells are unsettling as it really points at an iceberg seller to be exiting a position. Was hoping for a bit of a rebound this morning as the cash in the bank is good, product is good and the big negative in my view was the huge ceo salary and why he never put skin in the game. Well we now know the answer to the latter, and the former is sorted as well.

We all have a bit of a different take, and my opinion is that sa has lost out in a board battle. Hunt on one side with a possible sell out to Croda on the cards, and SA on the other trying to prolong his salary.. I believe md is acting for hunt and knows there is an offer in h th he offing. If share price collapse so much the better, they don’t care. Now md happy to buy a 19p, so 7p is stunning value. To that effect I’ve used some of my cash chest to start taking a first position here again this morning and it’s right now stunning value

Think he's just had his last rodeo.

There is a huge potential positive that with SA gone the company might be aa much better position. Could be seen as a great investment opportunity.

This would be an absolute last resort by the board knowing it will rightly cause very serious financial damage. Just a feel its much more serious than say "bullying", which although serious has more opportunity to be quietly resolved with compensations. Clearly if its something illegal, or going behind the companies back for more private deals or with holding information it could end in the way we have seen. One only has to back read the many posts from many trusted posters on here to see further grounds for suspension such as hiding factual figures while hiding from a falsely claimed NDA. The fact that he resigned rather than remaining suspended says the boards case is strong or proven.

For my six eggs, and this is true, when SBTX did its first launch potential product buyers had to register and interest (not obligation to buy) the product. Came from Ashman that "pre registrations were growing at an alarming rate", well that was the public comment which can be taken both ways I fully accept. However there was another supposedly "slip of the tongue", to a trusted friend who will remain un named that the number was 50,000 and growing fast I actually increased holding to over 7 figs stock, believing that the launch was going to be a brilliant success...while that slip was clearly false and the launch a flop. ..A sceptical person might think that a struggling CEO, might say similar whispers to a very big player say about depth of royalties just so he also bought millions of shares. This second part is speculation, but I do know the first is right, as it cost me a pretty penny.

The larger trades on friday in black are buys.

Yes Laura,

I did think that stock appetite might wain once 20p threshold was breached. However looking at what we can see and what we have heard (if correct), points to renewed vigour.

Firstly stock action, saw repeated chunky 30k buys towards the close indicative of a serious buyer continuing to accumulate. Then a 97k purchase almost as if that was all the stock available at that price.

Next the story about SOH selling. First part is factual, he sold a chunk that opti hold, the next part is that he was asked if he would like to sell more.

This proves appetite for a lot more stock and no prizes in a "name the buyer "competition. SOH clearly made an error in selling cheap.

Story was his next tranche was only available at increasing higher prices.

So we are now seeing the free float being mopped up in between and steady price rises.

If we view things from our big buyer perspective, he was happy to buy a load at 17p.... however price dropped down to 13p, and he really filled his boots, now its 21p and he continues to buy as is only offsetting what he bought cheaper.

He bought one hell of a lot cheaper so may be happy to pay a lot more than 21p as hes only offsetting his average.

Just my view, and lets play the ball not the player here. To much bullying, I certainly don't like to see it.

If you could guarantee it would be used for food and medicine its one thing, but could be used to buy arms and weapons.

Actually think its a bit daft to withhold access, because many investors here right now bought in recently in the 14-16p range so sitting on a sweet 25-30% profit. They've had a nice run as the cheap float stock has been mopped up and price from their price perspective showing decent margin. They look about for company info and encouragement to hold onto the stock rather than take a decent profit.

Certainly we havn't had any official company news despite promises and the Elrico interviews are really the only thing some folks have got to go on. So info being withheld will cause stock to be sold where as they might have held. Ideally open source, but I don't want to get into that can of worms.

Thought I'd sit down with a hot lemons (got COVID again), and listen to the Elrico SA talk...nope access closed ...lol .

Expect folks are counting themselves lucky that MD decided to take a major stake in this company. Certainly a pretty rare occurrence, clearly this stock does appeal to some well heeled folk, but not so much institutions.

I shudder to think where we might be now if he had decided not to purchase. Guess we get our breaks in life and this is most certainly one of them.

Its his purchases that has caused the resurgence of optimism in this stock, which is mainly caused by a rising share price and very decent gains for recent buyers. However Mr. Market is a fickle beast, and once the buying pressure from MD stops, I doubt it will rise much more until we get positive income news.

The dumpers were a couple of lemmings who sold up to jump into sbtx. Spoke to one of them on the phone. that seller has completed and opportunity has passed. I expect some return shortly using some nice profits.

454p for me,