Member Info for mol42

Not being a linkedin member that link posted by martinu didn't work for me but the undernoted does

https://www.linkedin.com/posts/probiotix-health_probiotics-microbiome-newteammember-activity-7232703133917851648-sWX6

just a bit of continuing info whilst we possibly await something of more significance............

mol

He only has authority to issue a further c4,055,560 shares and that is pro rata to existing shareholders until the next agm

mol

I was just comparing the two formulations and have come to the conclusion - wonderful bit of marketing!

which is backed up by their own website

DS-01® Daily Synbiotic and DS-01® 14 Day Gut Reset share the same powerful formulation but come in different formats to suit your needs. DS-01® 14 Day Gut Reset is a two-week intensive protocol that provides rapid digestive relief from common gut disruptors. It is currently available exclusively at Target.

DS-01® Daily Synbiotic is our flagship innovation designed for continuous daily consumption to support whole body benefits both in and beyond the gut, including immune, skin, and heart health.

https://seed.com/help?srsltid=AfmBOooouqjL92yNkWCEi5JM_ndQi121_DPaybih8iKJmfPbzq7QVNuu

anyway our revenue will continue to increase on the increased sales of which i'm certain seed will achieve

Can Steen find another seed? (not so far 20 mths in and nowhere close imo - appointed Jan 2023)

we will see how revenue compares with the sales dancare achieve but dancare are just selling our products rather than incorporating lpldl into a formulation as seed did and then marketing their own product - then as now - very cleverly

mol

Here it is

https://www.target.com/p/seed-14-day-gut-reset-probiotic-capsules-28ct/-/A-91816040#lnk=sametab

with us prominent on supplement facts on packaging

video is worth a listen as well

mol

Meanwhile our biggest customer by far continues with good news for them and us

https://www.nutraingredients-usa.com/Article/2024/09/09/seed-health-makes-retail-debut-at-target

mol

Thought that might happen

This is easier

https://find-and-update.company-information.service.gov.uk/company/13723211/filing-history

mol

Filed 6 Sep and dated 3 Sep at companies house

https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/2vo_j9nnTvI15SAA3W6NQub4kTLPauSC8n3i0vVKiSg/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3KXY3MYJR%2F20240909%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20240909T123420Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEDAaCWV1LXdlc3QtMiJGMEQCIG8oj9nfx3B3bHdHgc8fo%2FPycIGdtPkueEuld1yl9fH0AiBatgq%2BJiPxoma%2FzX0NEg5jwYP5dLQELIBHMD6EIANDvCq6BQhZEAUaDDQ0OTIyOTAzMjgyMiIMFNVj63Ty9BMdQf4MKpcFSoUCQyFB4dD5q%2BdYmmJkJbWG7DgcogPdtZCBXBjmn8uMEoTAfLOFcCGn76l7cLpEU%2FbcM2z2FO5iyq6jW37fzvVuVjfgMzuMgVr1OTRdGm5hcxbxEKkHiiwztTquK8Qj5lw5QhwqbjOepr6Aj6esiGSn%2FKS3u%2BsG5eSwUxuQtm7kKlP%2BsFimzKjjcBi5N022lnYIGrJFZDGJjch%2FVrTS7RP%2FCRHIq%2FM%2Fo%2B37UGI5%2B3N80uQx9snWZrhVWciqqHwnQYI4I9Qe7Gb9GSRUW4He4lo%2FJTMQVOZFhaMHHcbtCVCfAAE5WVqAP1jy%2FxVJmt9WMNBxlyyQsb29c0MKXsfqVrUgO4l%2F6JULsEntTu8Tfs7%2BxSXdFDDd8db08W7j8cQag%2BWtS5rLfb3BAlguR04QSlJdV6XVPspH29WJGxiyUSSNzhXA73u015njINkcScLSqTIHb3HptVT1b5UI0Uc6EJIPFLGNYVSXkZv1oFvdfNunMV5273zkyvCNwMHHs9utIg3G4%2FU5gPSL8uMeL0pq0ONlLJ1CahfMoTpLKoJYj7VgmKNblgTbcRuLGKkck%2BbNr2I3A59dcane811PihbwolvqSD%2Fr3vSHLnBTdZxQuftoJ4ZcAfuBsbyYjVaTT3Y61vbnZJAa8X%2BwmG9wkW2TaQVmd3G4IPRCYlWP24jaFwqJ9HU8hHL1UkKmAlNG7nxfZkjo%2BSzxhfhbuUR71XLZwxllU5yC%2BMvwDjkVtOE9O%2Fj4%2Bh7odrby7KLNYg4Ke9RAWniCC8bEaFaR4dkrj5xtcWdmJbzf2h%2FNmHYATFUuVQpKodBtYTbni4vQNw3tBBzF9W0gqJyXsAc47%2BEqiX5E3pA6bUa0ES5Y7Z1WXAVuQcx0YNxLdkpcMMLW%2BrYGOrIBIB4qGOJ9FYdR6jLhR0i%2Fno2ajst6sAyaOgavYLk91Eg6UlqJ24Lkeav3AFdK3I9th8JedxsOLo%2BOUNqcfVCZoHFiaFvvKnfwVjZDLgaVO4EW9y3rYXxN%2BnFKSVDFdF%2BjYwGqOZVfr0J4SmfxbL8INtRc9uRE8fx44EjQtaA7TSj73ufoKWMAhviqFOEIZ6E8jtanEEGLSJ4v4scjVrjcQ%2BiJ3o73V6aZrdWAGObJbW861w%3D%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%2213723211_sh01_2024-09-06.pdf%22&X-Amz-Signature=6a018d4ddb54141dddf1f163ddd665461c877bd17bed8ca91a46ef33c74d09ce

mol

On Admission, the OptiBiotix Concert Party will between them be interested in 63,246,684 Ordinary Shares, representing 51.98 per cent of the Issued Share Capital and will have Options over a further 3,000,000 Ordinary Shares (SOH) .

The table below shows the holdings of the members of the OptiBiotix Concert Party and their maximum potential interest in the voting rights of the Company:

OptiBiotix 53,533,333 43.99%

Stephen O’Hara 6,132,990 5.04%

John O’Hara 3,333,776 2.74% - 2.67%

Thomas O’Hara 246,585 0.20% - 0.19%

Stephen hasn't exercised his options (3m) as yet nor have any of the other persons granted options at outset (no surprise as price i think is around listing price) but I firmly believe that Stephen thought this was control and that the issue of any other shares would require his approval - big mistake esp re appointing only one exec director and not voting against share issue resolutions - not only for him and his relations but more importantly protecting Optibiotix interests ( and thus ours)

I had noted on this bb the subsidiary Probiotix Health Denmark ApS registered some time ago with Steen only Director and its objects absolutely nowt to do with lpldl nor anywhere close

perhaps Stephen nor anyone else involved with Opti or Pbx read this board - not! - because I still firmly believe that this company continues to require explanation

6 Feb 2023

Reg­is­tra­tion · Director: Steen D. Andersen · Auditor: PKF Munkebo Eriksen Funch, Statsautoriseret Revisionsaktieselskab · Founder: ProBiotix Health plc · Capital: 40M DKK · Proxy

The company's purpose is to offer consultancy services linked to digital learning solutions as well as selling digital learning platforms.

mol

Cheers Adyan9200

re SOH I can unfortunately!

bw

mol

As at admission number of shares held by brother and son

John O’Hara 3,333,776

Thomas O’Hara 246,585

mol

Oops should have said Neil and Stephen attended and could have then rescinded optibiotix proxy vote - in fact by attending and not rescinding same confirmed said proxy vote (and proxy voted for all the resolutions rather than giving opti vote to the Chairman of the meeting and leaving to his discretion) even more so

mol

Adyan9200 et al

they issued the maximum possible under the authority granted under resolution 6 at the agm

The Directors require additional authority from the Company’s shareholders to allot shares where they propose to do so for cash and otherwise than to the Company’s shareholders pro rata to their holdings. This resolution will give the Directors power to issue new ordinary shares for cash other than to the Company’s shareholders on a pro rata basis:

(i) by way of a rights or similar issue or

(ii) with a nominal value of up to £18,250. This resolution will be proposed as a special resolution.

18250/0.005 = 36500000

mol

If fundraise stands then Opti plus Stephen (not sure how many his brother may have or other family members and TW ) and Seneca (perhaps) would need support from c11,500,000 votes from other under 3% II and PI investors to achieve the 50% required

they no doubt are considering this? or was opti rns just a salvo across the bows and to save face - pretty public one!

We of course will probably never know but obviously the relationship is severly damaged though hopefully not to the point of calling a Directors meeting and thrashing this out

mol

And pbx in particular

Steen's appointment and Contract were of course also approved By Stephen and the composition of the BOD going forward

That's not to excuse Steen's behaviour by the way and his belief he may be untouchable - he isn't

mol

The opti objection is to the undernoted notice within the rns of 28 June 2024

https://probiotixhealth-ir.com/docs/probiotixhealthlibraries/archive/results/prelims-2023.pdf

however it was corrected in the published accounts within the accounts section of website

https://probiotixhealth-ir.com/docs/probiotixhealthlibraries/archive/reports/ar20230ed0ebfcb7e04fe9b0cf1fa1dfdc866b.pdf

so, and as Neil and Stephen attended the agm and voted, I believe there is no chance of success going down this route even having regard to the legal opinion obtained (mind solicitors just love discrepancies to generate their fees)

Neil and Stephen could have easily voted against resolutions 5 and 6 therby denying Steen the opportunity of raising funds without Stephen and Marco being consulted (Adam as Chairman of the meeting was following the rules/guidelines of any agm)

I believe a more constructive route is to consider s16 of the companies articles of association regarding conflicts of interest and the quorum for Directors meetings being 2 - however Steen is the only executive Director and presumably was granted wide authority to act as CEO and would have a wide contract of service presumably

He also wasn't up for reelection at the last agm but will be at the next - this though not changing the fundraise would be the easiest way to remove him

The other route is as noted here by calling a general meeting (PBX articles are silent i believe on removing a Director

The Articles may provide a procedure for this; otherwise the statutory procedure must be used. The statutory procedure allows any director to be removed by ordinary resolution of the shareholders in general meetings (i.e., the holders of more than 50% of the voting shares must agree). This right of removal by the shareholders cannot be excluded by the Articles or by any agreement. However an executive (employed) director who is removed from office may have a claim for compensation under the law of unfair (statutory) and wrongful (contractual) dismissal, which could be substantial. The removal of a non-executive director may be more straightforward as they will not have statutory protection against unfair dismissal. Their letter of appointment should be consulted to check on any removal process.

The statutory procedure for removing a director from office is cumbersome, protracted, and full of technical traps. If a director cannot be persuaded to resign as a director and an employee as part of a severance package, the Articles might provide alternative means for the director to vacate office which is less problematic than the statutory procedure for removal. For example, if a director is due to retire by rotation it is simpler to vote against their reappointment than to use the statutory procedure for removal from office.

Anyway as someone noted this again just demonstrates Stephen's lack of business acumen in general and his absolute

disasterous decisions taken re lpldl and p

Asking however what is the point of this trial really- is a separate matter - i believe it is just for the interest of not only the academics at Southampton but also for Stephen's academic interest (along with Sofia's) and will have no commercial benefit to us at all

Similar to the two James Hobkirk trials, re wellbiome, I first noted here in my doodlings in general

mol

New study at Southampton with wellbiome and lpldl - collaborator optibiotix

https://clinicaltrials.gov/study/NCT06566157?term=promote&locStr=Southampton,%20UK&country=United%20Kingdom&state=England&city=Southampton&rank=1

not yet recruiting

optibiotix continues to be involved in trials with lpldl whilst Steen PBX continues with his divorce from opti

mol

New study at Southampton with lpldl and wellbiome - collaborator optibiotix

https://clinicaltrials.gov/study/NCT06566157?term=promote&locStr=Southampton,%20UK&country=United%20Kingdom&state=England&city=Southampton&rank=1

optibiotix continues to be involved in trials with lpldl whilst Steen continues with his divorce from opti

mol

They did indeed vote for the resolution

https://probiotixhealth-ir.com/docs/probiotixhealthlibraries/archive/circulars/pbx-agm-voting-aug-2024.pdf

and with only one exec Director ie Steen he more or less has control in my opinion

mol

This by way of info was uploaded today to our website

https://probiotixhealth.com/the-three-cornerstones-of-innovation-at-probiotix-identification-validation-and-commercialisation/

mol