Member Info for martinu

Was McGeever always successful. He was trying to help Opti in May 2020. Think this venture went quiet.

"Mike McGeever, Chairman of Pierce said: "We are pleased to be working with OptiBiotix in marketing and distributing their products to the large and growing Chinese and Hong Kong markets. We believe in the benefits that OptiBiotix product portfolio will bring to the people of China and Hong Kong to address growing rates in obesity and other chronic diseases. We will leverage our team's experience in Asia and within the health sector to deliver a partnership of value for both parties.""

Seed owners considering a possible sale of company.

Don't AIM shares generally drift lower as impact of positive RNSs fade? The SP went from around 11p to 15p,which is about 35%. That's quite a rise if you have deep pockets; which I don't.

Happy for SA to have apparently supported SP with a "nothing new" but "nothing known" RNS. But he probably won't want to keep doing that,will he?

As SA said in IMC : patience. And as a poster said recently, nothing is guaranteed.

À completely uneducated stab in the dark. But could res 3 stop board reapppointing Steen and Fred? Indeed, should res 3 have an expiry date?

According to today's RNS, Steen wanted to delist/take private PBX.

"However, the investor (who we conclude to be Mr Bruhn-Petersen or his family office) did not want to invest into a business that was traded on AQSE. Mr Andersen and Mr Reynolds went on to propose this as justification for delisting and sought OptiBiotix's support for this course of action. Delisting would, of course, require a vote of the shareholders of PBX and given the interest of OptiBiotix at that time (and before the recent dilutive share issue) could only proceed if OptiBiotix was in agreement.

This suggested course of action prompted an outright refusal from OptiBiotix. OptiBiotix advised of its recent successful fundraise of £1.35m by the Company and identified lack of market communication by Mr Andersen as the main reason for the failed PBX fundraise. OptiBiotix requested that PBX increase its news flow to potentially support the share price and build positive investor sentiment or at least to allow the market to track developments in the PBX business. We firmly believe that Mr Andersen was pursuing a strategy to suppress the share price to justify his preferred strategy of taking the company private."

Adyan, great post. I'm going for "Newbeer" =Niels Peter Bak. But, as I've said before, I have no reason to doubt the quality of the Danish staff that have been brought on board.

If Steen was removed, could it "lead to the exit of other key personnel", as suggested in RNS? 25th Sep.

Steen has stymied us. I really do think he would be good for the business. But the fundraise raises all sorts of questions.

It really is a shame that Probiotix, with it's excellent products has come to this. And, as has been said by some, a difficult decision for shareholders to make.

It is probably a good rule of thumb not to trust any AIM, etc CEOs.

SOH, an apparently good scientist but not much of a businessman ; at least on current known financial history.

Steen A, arrived after 12 months gardening leave. Presided over a dismall SP performance with little news being released, but then suddenly launched into overdrive. Notwithstanding Seed, business does appear to me to be picking up elsewhere.

We then get the fundraise after seemingly being told we weren't in need of funds. And of course, the big midjudgement of almost giving his close associate 23% of the business.

We lose either way. I would keep Steen but remove Fred, if that were possible. Just to give Steen a severe rap over the knuckles. But this might not protect shareholders' interests in the future from something similar happening.

You are right to point out that USA revenue mostly, and at times all, down to Seed.

Mol, looks like the video in 8.51 post. Though very similar. No idea who the girl is.

Posted by SOH on LinkedIn.

https://www.linkedin.com/mwlite/profile/in/stephen-ohara-19862a11/recent-activity

SP starting to move now.

Good post Monsa.

Yes, the took pains to clarify/reiterate the EBITDA break even point. Which was good to hear.

Well it seems the Brierwood bloke has done OK to me out of it. We were previously told that this 2nd acquisition would make SBTX EBITDA break even. Not sure that is still the case?

À bit of a twist with the funding/ funder. Will he want a place on Board? So overall does this make us EBITDA break even, as previously suggested?

Well Steen and his team are cracking on. Another deal agreed.

Interesting that the RNS was also used to praise PBX progress. And reiterate Opti 's.

We might not need another study but a different Uni used, so spreads word a bit and confirms findings.

Yes, AS. Hope SOH is not seriously ill and a speedy recovery. Best wishes.

Agree. I think Steen is doing a good job but marred by sale of large chunk of Co to associates