Member Info for Cliostock

Great to hear we are at EBITDA break even. We have Croda coming. What more needs to be said. We are back to being a 30p+ company, but with a 12p share price. Time to be patient, sit back and watch SA’s work come to fruition.

You need a lot of constant reassurance, don’t you Baz. Have you got an uncomfortable number of shares? We all like lots of movement but your consistency tells me there is something not quite right.

80p and £1.20 are SA’s next options I believe and Manprit has options around 50p. So if they genuinely think they can go for these there is some great potential here, as we all know.

You’re right Nick, you didn’t mention SA; but the way you had said the podcast was issued to put it right certainly read like it was SA saying one thing in RNS and another in a podcast. After all it has happened on more than one occasion lol. But not this time. The podcast wasn’t issued by the company it was just SMC’s own release.

Nick, that’s not correct. The podcast was nothing to do with SA. It was a general investment discussion piece by Small Company Champion. You stick to your RNS based guidance, it’s a wise methodology.

Quick one Aquae, I can’t see in the RNS anywhere that says Croda revenue forecasts are coming at all, let alone in Oct/Nov. Have I missed it, or if not where has that come from?

It is beginning to be a massive irritation to me that the ‘badly worded RNS’ is such a common occurrence. I understand they are then mopped up by Elric, but it happens such that the RNS history does not represent a true account of the situation as told to Elric by the same man that pens the RNS. It’s a disgrace; thank heavens that SA does communicate with Elric because if he didn’t I think shareholders would be substantially further down on their investments than most already are.

As usual I will say that following the RNS cleanup by Elric the company does seem a great investment at these prices. A big risk I’m currently feeling here is the management team, and their ‘in-house due diligence’. An RNS should be really simple for these guys to get right, what the heck are their counterparts at the negotiating table going to be getting away with.

Come on SA and MR. Harness the potential; SBTX SP being at 11p is the equivalent of Manchester City being in the relegation zone.

I totally see why an unhappy holder might not sell, many bought at a time when SA was actively promoting the shares and creating hype and are now so underwater that it’s just a bit of a punt now, not worth selling.

However it is very lazy to just come on here and criticise - they should email SA their genuine concerns, he’ll email back. Hear his POV and take a more educated view.

Surely after the latest IMC presentation, investors are seeing that Ashman is acting in the best interests of the company and that things are finally coming good. He may have made certain mistakes but I think we can afford him the trust to calculate if the cash invested by the IIs is worth it or not, considering the timing of other projects. Yes there have been things to moan about, but some days on this board I think Ashman could flatulate a rainbow and someone would say there isn’t enough colours.

Well said Madabout. The situation is as we hoped it was, maybe better, but we simply didn’t know. Now we do, very happy holder. Wet as a fish but confident the company will revalue over the coming months as we look towards the second acquisition, Croda launch and the Acne chewing gum.

Bigpunt, I think it’s that the financing arrangement for the new acquisition includes the option of a 500k loan which can be used for working capital, meaning that would potentially cover the 500k Dermatonics earnout if required. SA did jump in to make it clear that they would only use this if they had to, and if Croda revenues came through strong they would not need it.

If they don’t need to use our current cash for the Dermatonics earn out, it extends the cash runway further, obviously by a further half million that is currently being accounted for towards the earn out.

It is going to be great to, eventually, see the axis product hit a million in sales. I know it may be a couple of years off yet but 400k is an almost half way there and momentum is building with the territories, online sales and discussions with retailers. Especially with the marketing spend being minimal, it will show the patience has paid off.

Secondly, to see the second acquisition going through and the PLC become break even will be a remarkable leap forward.

Do I understand it correctly that the financing facility for the second acquisition incorporates a 500k facility that can be drawn upon for working capital if required, although SA said it will not be used it Croda comes through strongly?

If so, that is a great piece of business. Preventing any fund raises for working capital will strengthen investor sentiment no end. A polar opposite to having a CLN hanging over us.

Just wanted to also add my positive sentiments. I have criticised where I have felt it was due but I feel the presentation today really shows what SA and MR have been aiming to achieve and how they have had to change their strategies based on events as they developed. Well done guys, hoping for a period of calm with some good news scattered in there over the course of the rest of the year.

A big squeeze wouldn’t have to be that big on SBTX either. The directors alone could probably be the catalysts of it.

SBTX has achieved top spot on the share risers chart in the LSE Market Report email. Great to see OPTI in 3rd place too for all the people invested in both.

Also, great to hear we have a new institutional investor on board. It’s great to hear SA has been working on that to help get the CB cleared. Lots of us have been questioning his work recently and quite rightly considering the information we have had and seeming lack of progress, but we have to give credit where it is due and that’s a good piece of work. Hope there is more examples to come in the IMC.

Looking forward to the IMC presentation now. Let’s hope SA can take full advantage of the CB springboard by following up with something exciting from one of the many irons in the fire. We need momentum and sentiment now and there is plenty in SBTX’s toolkit to provide these.

Whilst UMG are a multinational by definition, we need someone with global reach for the Axis pillar. If UMG are interested in licensing their territory this should work as a selling point for a bigger player.

Again, well said Toyin. It’s hard for an irate person to argue with a calm and reasoned person. I had to unsubscribe, emotional nonsense holds to value to me. Well done and keep it up. Although if you are posting in public it wouldn’t surprise me if he removed you and carried on, as is.

Plus the Croda commercialisation phase beginning, Toyin. The longer the other two take the more likely Croda will be first. That could be a major catalyst. There is a good opportunity to build some momentum back up; I hope SA sees that and is currently driving the situation for maximum bounce back.