Member Info for MrHumble

Just checked. Or a minimum yearly guarantee by Crida

But no way has that occurred. Never does in this business

Royalty is typically in sales made . Usage reports invoiced are also ‘earned’

There is no croda money in accounts

Unless of course you think Croda have made no sales . Possibly that way

‘ and of course If SkinBioTherapeutics had received non-refundable upfront payments from Croda, they would likely be recognised as deferred income under FRS 102 until the associated performance obligations (e.g. product sales by Croda’s customers) are met’

Non refundable? Received?…deferred income? Ask an auditor about that one . But not an AIM one 😂

So the positives

Well, nobody has confirmed that the Croda deal is looking like crap

That’s good I think

More experienced …

If you speak to Rome experienced funds, in much bigger markets - they have no idea what you think Croda would be paying out on at this stage

Plus Croda supposedly spent 10 pence investing in it. Sorry. 10 million

Any clarity on if that requires recoup prior to royalty fees

According to the experienced , it would be common

You are all a bit negative so later I’m going to look at the positives

The bank backed so called incompetence and made a fortune in debt to equity conversion

You don’t require competence

OPTI had a great time as well

You just need gerbils really

Can imagine the views on acquisitions if emergency cash raise just in time for the update wasn’t included

Some sight

Forecasting a loss ‘including’ the raise

What would the trading update have been without the raise included? Never mind an expected loss either it included (creative accounting most likely means best case scenario for finals)

Broker had this way overrated

Let’s say Superdrug decided not to bring the ‘deal forward’

How could there have been no cash raise June to August anyway?

Post….

It was going into administration this year lost acquisitions without an emergency cash raise in June.

Pretty obvious in how the update was structured. No estimate required

Lost track here. Anything around to stop that test zone?

A lot of busy reporting last night? Not to worry. I reckon we could find thousands of headlines to all ponder daily soon

Beautiful morning

All ready for another glorious day?

I’m retiring today anyway. It’s come to the point of being embarrassing, even to be associated with the plc or its threads in any way

For moi, the exit conclusion is simple for the time on SBTX

Latest report

14p

GLA

It’s all very sad

Superdrug can also be blagged for a long time before proper actuals as well

All reminiscent of axis

And so I suppose on go threads for another 18 months of speculation based on nothing ?

I think we should all retire really lol

I can’t wait to see audited cost control

I suspect it will all be revised to the downside at finals re losses

Re Croda income

Nil

But they will have nearly a full year now for more B****x in that one

If the superdrug blag doesn’t make gerbils bite into Xmas, most likely rattle on about cross again in the usual meaningless fashion

So supposedly cost control has saved a couple of million in losses. A cash raise made then cash positive instead of a profit warning

Brutal sales in truth. Revenue very misleading as it is in every report

This is most concerning

Management expects unaudited adjusted EBITDA loss of between c.£0.2m- £0.4m1 (FY24: loss £2.2m) due to careful cost control.

You would have hoped they thought due to sales