RE: ASHMAN OUT9 Apr 2025 11:31
As far as I can tell, SBTX needed the bank to sell so its gets its hands on the cash. Eg I think SBTX will be about Β£400K better off... SBTX probably need that money before the CRODA money starts to flow earnest.
However, they were hoping that buyers would mop the sells up quickly - this alas did not happen because by its nature "eternal youth" is always going to sound a bit nutty (everyone I tell about it says "yeah a likely story".. It takes some convincing that skin really can look younger... For real... And a cosmetic can help you sleep and make you feel better. But if you look at it naively - that is what manchester Uni scientists and Croda scientists are saying. We all know many years of research have gone into this... These are not wild claims.
So what now?
Clearly on the 16th April, for the share price to recover and go higher, SBTX need to say (a) Croda have indeed given SBTX some money (b) Launch customers have indeed bought loads of the product and (c) The product will be on the shelves before year end - eg for the all important CHRISTMAS market.... and ideally for the SUMMER HOLIDAYS too.. (d) more detail around the expected royalties etc...
We need some of the above on the 16th April for the expected price rise we all hope for.