RE: Half year results24 Aug 2022 16:14
Aquae got there before me re comparatives - the turnover figure is certainly below what I was expecting - and definitely a huge disappointment. Presumably we won't see a reduction in Directors' salaries though hardly an endorsement of our CEO's first 17 mths in charge and whilst not the easiest economic climate in recent months it was only 1 March when he commented (one third into period under consideration released today)
René Kamminga, CEO of OptiBiotix Ltd, commented: "In the past 12 months we have established the credibility and brand awareness of our science-based ingredients SlimBiome®, OptiBiome, LeanBiome and LPLDL® ingredients, significantly growing sales to a wider number of reputable global brands in multiple markets. These appointments are a further investment to accelerate the growth of the Company and to broaden and deepen our income streams with a particular focus on North America and E-Commerce."
RNS at least explains why nothing could be found on Apollo Hospitals and Nahdi Medical sites or the regulatory site - albeit this again is very disappointing.
Mind we should expect delays, low income generating contracts, cancelled contracts etc in all things Opti
I think i read somewhere that Stephen was quoted as saying he was building a business not a share price - doesn't seem to be succeeding at either at the moment.
Anyway still here, though at a considerable loss, and will continue to hold at present in the hope that sweetbiotix will be the saving grace (though i don't expect that will turn us into Stephen's £600m company comment any time soon - if ever)
just a few initial comments
mol