Member Info for FriedmanSowell

And the inexorable slide continues.

Trust, trust, trust.

When that is lost, what remains?

Time for SOH and the board to demonstrate he trusts himself by taking advantage of this ridiculously low price and loading up. He missed the boat last time, surely he wouldn't want to miss out again.

*You're not your.

Your right of course Lords but that 'if' has grown bigger and bigger with each passing failed forecast. It's gargantuan now.

Probably just transferred them to a family member or themselves under a different holding company. I don't think the whole of Aquis exchange has the liquidity to handle 3 million shares even at the pennies ours cost

Opti's forecasts are absolutely meaningless at this stage given their history. If anything, Opti forecasting something is almost a cast-iron guarantee that nothing even approaching it will happen.

Despite holding well over 100,000 Opti stock at the time of the 'dividend', my PBX holding has been rendered almost worthless between SOH voting for the resolution, Steen selling cheap to his mates, and this useless exchange.

At this stage I don't care if the whole place burns down now. Steen needs to go ASAP and should be sued if possible. The whole deal with his friends stinks to high heaven.

Thanks Mol

Clearly an issue of trust or rather, lack of it.

Between the constant failed time lines here and the debacle that Opti voted for over at PBX, it's no wonder that SOH has lost the trust of people who previously listened to him.

They should have a cage fight while they're there

Needs to go. Now. I can't believe that SOH hasn't already called an EGM. Surely between Opti's stock, his own and his family's, he could do it on his own.

Would have overwhelming support from everyone other than those who just bought in for pennies because of Steen's purposeful suppression of the share price

To summarise then, that bloke of ADVFN who created multiple usernames in order to agree with himself has now got bored with talking to his own multiples usernames over there and signed up to multiple usernames here in order to repeat the process.

This will be the last time I engage with him because this board is actually high quality with a couple of posters doing some really good research and sharing it.

Hard to escape the idea that this was kept on Aquus to deliberately suppress the share price and allow his friends to buy at a discount.

On AIM, this is worth treble or more.

Agree that, unless SOH calls an EGM and moves to dismiss the people responsible for this, he can forget about retaining control going forward. What's to stop Steen diluting event further next week?

That link you provided doesn't say that it is manufactured in bulk.

You are correct, if Opti didn’t want to give Steen a blank cheque on issuing new stock, he should have voted against the motion. Then he wouldn’t have to rely on a technicality.

I would hope though that there is a further option of challenging the legality of it based on the ridiculous discount given to friends. I would assume there’s a legal obligation to gain the best value for shareholders

It's totally fair to call SOH out for not adding considering his relentless predictions of imminent game-changing growth. I would say that it is a separate issue to this though

I'm actually optimistic for PBX as a company and without Opti challenging the latest dilution, I could see my indirect and direct holdings in PBX being watered down to nothing. As an Opti holder and PBX holder, I'm glad to see Opti fighting a corner that is beyond my resources to fight

Fair play to SOH for not taking the outrageous PBX share issue lying down.

The whole thing stinks to high heaven and the level of discount and amount of stock offered means that Steen has overplayed his hand.

I'm not sure what this means in terms of the dilution. Can such a thing even better undone?

The question is whether this is of commercial benefit to Opti.

Is this study going to push prospective customers over the line when all the previous studies weren't enough? Probably not.

I think it is a fair point Mol about the discrepancy between Opti and PBtX. If this benefits Opti, it benefits Pbtx by definition. If Opti are solely picking up the tab, then there's something wrong there especially with Steen treating Probiotix like his personal fief and giving away huge chunks of the company to his mates on the cheap.

I have no sympathy for SOH at all. Not an ounce. If he thought that this was undervalued, he should have listed it on AIM or uses his considerable weight with Optis holding to pressure the company into doing so now. In addition, Opti would have supported the motion.

In fact, as a holder who gained his shares from the dividend, I'm more annoyed at SOH that Steen.

Firstly PBX should never have been spun off.

Secondly, Steen's pay should have been linked to the stock price either through equity or performance.

Absolutely outrageous to fund raise while the value of the company is artificially and brutally suppressed by residing on a market that diminishes it's market cap by multiples of what it should be.

This is genuinely infuriating and I think one of the more scandalous decisions a company I've invested in has made.

Thanks Mol,

This is one of the big concerns for me. I would like to see the company invest and grow but they will need money to do that. The longer they remain on this exchange, they will have to give up far too much of the company in equity to do that because of the inability of this market to function properly and realise anything like a good value for the stock. This means our holdings will be heavily watered down.

I’m happy with the company itself but extremely annoyed that this is marooned here. Anyway, rant over, it is the reality and that’s that.

Great posts Mol.

Sadly, I think you’re being generous when you say Steven isn’t good at forecasts. I think it’s much worse than that, I don’t no longer think he is trustworthy.