Member Info for netcurtains

I think we can assume the Zenakine deal actually is 10%+ of sales as the new board would have been FORCED (LEGALLY) to tell us if it was not 10%+

Thus the recent news of UK sales of Zenakine is very good news.

Cosmetics are coming home after 20 years of hurt......

Come on SBTX

...but really nothing has changed... Both are spining wheels.

The MArkt Cap of SBTX is £17M .... To warrant that sort of price it needs to make about £1M and rising... (eg PE of 17)....

So I'm assuming SBTX is expecting to make £1M a year royalties.... Of which £500-£700k should start this year. Plus we should get some insurance money back on legal costs. They normally pay up pretty prompt if they feel they are not being cheated.

I cant see the need for money... Unless you want to print as negative a story as possible were everything goes wrong: no royalties, no insurance money, legal bills etc.. And if that happens no one will give them any money anyway...

Alas I dont get Toms stuff... Can someone fill me in. What is the main argument he uses to say SBTX needs to raise cash? I see a reason at all. Either Zenakine works or it doesn't. Why does it need cash? I'm mysterified? Thanks for any info (on his main argument - not all the little ones)

Mark Dixon, Tyndall Investments, Sunshine Today and myself all owned shares in Triad PLC (when it was a penny stock).

That does not mean any of us have a clue about SBTX ot TRIAD its all pretty much good or bad luck =

The company must be worth something I would have thought, but exactly what?

Https://www.bbc.co.uk/news/articles/c892lj7xn02o

Aspex: If we are not involved in the cosmetics industry in any way then this is not currently an investment - its a speculative punt on Zenakine sales AND what our royalty amount in cash is going to be in the summer ...

If we get anywhere near that $700K then we are talking 20p+ again and certainly a lot higher if a big name gets zenakine as a base ingredient...

Bazzaman: You might be right. The only non-insider reason (that I can think of) for the Dixons buying more shares that is not based on a pure gamble might be that they have been approached by a buyer.... As far as I understand it, general chit-chat about buying shares does not have to be reported unless it gets serious.... So the Dixons might well have a potential buyer lined up.

Toyin: Perhaps I did not phrase it right. What I mean to say is I cant see the Dixons agreeing to another captial raise without a massive bust up or they getting a zillion shares or they call their own lawyers in.... Hence I said its not going to happen...

Otherwise it will amount to the Dixons been done over like a kipper.

Cheers net

Bigpunt: We cant have another raise as it will take the Dixons over 30%.... SBTX have had their lot.... This is now about a waiting game for Zenakine monies to start rolling in, and hopefully a big insurance cheque for the losses the company have made due to the dodgy accounts...

I say the £750k as I'm guessing the dodgy geeser hoped the money would come in later to cover his arse.... But it could be anything..

Toyin,

Its reasonably clear cut that zenakine sales (to date) have not been as high as many had hoped (on this board - including me).... UNLESS they have been that high but we dont get our money until significantly later.. Hence the £750,000 taken away from the accounts BUT it might be coming by the summer... If it does then this goes back to 20p+ As that figure will only get bigger for a few years....

Toyin: What do I think licencing income is.....

That is a good question.... And I dont wish to guess wrongly.... However hopefully its zenakine... But its not made 100% clear... And the figures might be as low as 5p..... We just dont know.... Its a guess.

Bigpunt - that is a long sentence were its all mashed together so slightly ambiguous... But on looking at the intangibles, it does seem that they have gone up by £25,000 so perhaps Zenakine has been upgraded as worth a bit more now (as money might be coming in)....

Where does it say clearly and unambiguously that royalties have been received?

If Croda was interested the Dixons would have sold their 30% - in fact, they probably would sell their 30% to anyone who offers them a reasonable amount... Perhaps it will make a good ta loss ?

No one is going to buy... The board will have do did themselves out of this by themselves... Or Zenakine has to come good... One or the other....

Belgrano, the big buyer is a gambler - the reason he has done well before SBTX is because he believed in the accounts..... I would suggest to you he is in the eact same boat as us..... Namely do we sell or do we hold hoping for some more clarity on how ZENAKINE is doing...

FriedmanSowell : My investment advice to you is if you need adivise picking an AIM share you must be as gullable as 2,000,000,000,000,000,000 bricks.

FriedmanSowell: I'll let you know when I have sold. I NEVER do it secretly... Unlike you.

Everything is still clear as mud when it comes to Zenakine..... Surely this stock is uninvestable (apart from a gamble) until we have an update on estimated Zenakine sales over the next year or so?

What sort of value can we currently put on Zenakine? I have little idea... I'm sure some people (including the Dixons) think its worth an absolute fortune... But they are all gambling - they dont know.... They just assume as Croda is a FTSE100 stock that 10%+ of the sales must be worth millions. But I'm not even sure we are getting 10%+ and I dont think Zenakine has been anywhere near as successful as I first thought.. People clearly are not rushing to the door as if its a new boots No 7...... Alas... But originally many of us felt Boots No 7. territorry was the area we were heading for.