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i ran out of text allowance. I never noticed this before.
From additional comments from Soh obtained after the update, it sounded like Doug may be wrong about the up from payments and there are multiple opportunities across multiple products.
I do not agree with T4P about the discounted placing. I know when Opti have raised new money at has not been at a huge discount, it has always been low single digit and never a huge amount so the dilution has been minimal. Sbtx must have near £3 mil in the bank so i can not see them raising more than that.
I do not know what elrico means when he means when he says Perhaps this was the role of Turner & Pope in October?
Was there an intended placing then? This is when the share price collapsed when trying to break 30p.
T4P was talking factually. Extract from the lemming investor update on 4th december
Cath mentioned the possibility of a placing, which shouldn't have came as a surprise to me, given this is in the admission document and the company hasn't made this a secrete. However, given the low cash burn and the June reports showed SBTX had £3.2m in the bank muting it now suggests its closer that I expected. Perhaps this was the role of Turner & Pope in October?
"Placing required to the Eczema trials. At this stage we have yet to confirm that the Eczema trial will be for a medical device pathway although per above this is what we expect. Consequently we have not yet scoped or costed the trial. The funds raised at IPO were targeted at the cosmetic and we’re on track in terms of those milestones and use of funds. Commericalisation of the cosmetic is not expected to fund the business and therefore the expectation has been to raise additional funds at some point."
"Too early to say when, to what magnitude and against what milestones but as we progress further with the cosmetic and have greater clarity as regards Eczema so this will become clearer. Future fundraise would be to continue progressing all lines of business."
Asking for clarity on the cosmetic bombshell, and what this means for investors...a problem from my perspective. Doug offered the following in response;
"Our expectation is that the bigger value for the business and our shareholders is in the medical treatments, for example Eczema. We followed the cosmetic route initially as a fast route to market (because of the lower regulatory hurdle) and the ability to prove the technology works. In cosmetics upfront licence payments are very rare and royalty rates tend to be low single digits. Because we are not launching our own product but licencing the technology to a 3rd party it will inevitably be sometime before they get a product to market, achieve sales and royalties begin to flow. What I’m saying is that any commercial return we make in the short to medium term from cosmetics is unlikely to be on a timeline or magnitude that will fund the business. Hence why we’ve always set the expectation that the company will likely raise additional funds at some point. We’ve indicated clinical trials for eczema in 2020 which at its earliest is only 12 months away and therefore any commercialisation for cosmetic applications won’t be on a scale to fund the business at that stage."
I have to say, learning for the first time the cosmetic arm of the business is not expect to fund the business (given its low cash burn) comes a bit of a bombshell. I think it's fair to say all investors had high hopes of the cosmetics to be significant revenues bearing, not instantly, but certainly in the medium term. I also expected upfront milestone payments post any commercial agreement.
https://lemminginvestors.blogspot.com/2018/12/skinbiotherapuetics-building-ahead-of.html
elrico says Soh is more con
Some funding options discussed in the lemming report posted today.
https://lemminginvestors.blogspot.com/2018/12/powerhouse-energy-awkward-facts-of.html
we will have wold claiming he found the bottom for the 100th time. He will claim he sold with 3p of the top and repeat the same bs all over again.
Did any see this hidden inside elrico's blog. xls medical sales jumped on the back of their ce mark in just 2 years.
https://grocerytrader.co.uk/omega-pharma-overtakes-bayer-to-become-fourth-biggest-uk-consumer-healthcare-company/
Hey parob, elrico has updated the partner list with links. He mentions you btw.
https://lemminginvestors.blogspot.com/2018/11/optibiotix-skinbiotherapeutics-i-have.html
A history lesson in bull sh.t from wolfstreet.
OPTI50p.....25 Oct '18
looks like the SP may dip into the 60's or even 50's... then a great buy in and watch is sky rocket again (happens every year)OPTIsold sold sold..17 Oct '18
SOLD ALL MY SHARES AT £1.20 SO LOOKING AT THE SP TODAY - thank god...
it will drop again back down to circa 50p.....
I'VE PUT ALL MY FUNDS INTO SBTX - it's not mutual relationship with Opti so it's rising as Opti is falling...
A LITTLE BIRDIE TOLD ME THAT NEWS IS A COMING FOR SBTX... IT'S AN OPTI BUT AT 20P... it will go to circa 50p within months...
anyone who's read my previosu posts will know - I did say sell Opti and then buy back in...SBTXstrong buy17 Oct '18
I've sold my shares in Opti... tend to buy low (circa 10P) and then sell at £1....
I've now sold all my shares in Opti (lucky for me it was £1.20)...
Now put all my funds into SBTX... you can see that the shares are now trading independently from OPti... i.e. the relationship is not mutual which is good for SBTX as Opti has fallen.
You would have expected SBTX to fall again this week but it's not so that's an excellent sign.
IT'S NOT OPTI BUT MUCH CHEAPER AT CIRCA 20P...
A little birdie told me about good news - that's why I'm jumped in (bought in at 12p) and now back in at 20p… watch this one rocket…OPTIsold sold sold..19 Jul '18
once again - sold shares today... bought in at circa 50p... will buy back in when it hits 60p again....OPTIsold out last week int he 60's...23 Apr '18
as we know, it's all about cycles with OPti (dropped to 49p today so bought in again).
it will drop again in the 40's so worth buying when this happens..OPTIRE: SP is about to rise - top up10 Apr '18
you were saying.......................................................................................................!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
ssssssssssssssssssssssssssssssssssshhhhhhhhhhhhhhhhhhhhhhhhhOPTImmmmm SP to rise...10 Apr '18
correct prediction me thinks....
55p to 62p... and going up!!
eric. it's all gone quiet over there ;) cycles my spa....OPTISP is about to rise - top up5 Apr '18
the SP is about to rise... if you want to make money in the short/medium term I'd suggest you top up now...
we're coming out of this low cycle range as explained before... the news coming will explain everything :)OPTI60.40GBXPrice decrease4.10 (6.36%)14 Mar '18
cycles eric...OPTI61.40GBXPrice decrease3.10 (4.81%)14 Mar '18
the difference is I predicted this drop when it was 68p and it's happened... (as it always does).....
I also mentioned zoo digital last year - that's now 92p from 40p...
I'd say I know a few things about what is really going on.....OPTIyou were saying eric????13 Mar '18
oh yes, my predictions are always wrong. ;)
62.21GBXPrice decrease3.29 (5.02%)....... buying back in - sell again at low 70p's...
(long term �1) but you are in for the long haul
short term - turbulence... buy/sell/repeat... if you want to mak
Thanks for shares. It follows on from what Primal and elrico have posted in the lemming investor forum. Elrico has update his blog. He is his usual bullish self and outlines some good points confirmed by Per.
https://lemminginvestors.blogspot.com/2018/11/optibiotix-new-distribution-deal-for.html
Its times like this im grateful for reminders of what is developing. There so much info it is difficult to remember it all.
Part 1
https://lemminginvestors.blogspot.com/2018/08/optibiotix-conversation-with-stephen.html
Part 2
https://lemminginvestors.blogspot.com/2018/08/optibiotix-conversation-with-optibiotix.html
SkinBioTherapeutics (SBTX) SkinBiotix® technology generates positive data in first two elements of its human study, announces positive data from the first two elements of its human study which focus on skin irritancy and moisturisation potential. As previously announced on 19 September 2018, the third, main element of the human study will commence later this month (November). This will comprise 120 volunteers with self-assessed 'dry skin', and is designed to analyse the longer term moisturisation effects and impact on skin barrier function of the SkinBiotix® technology in more depth.
Should the third and final element of the study also prove positive, this dramatically changes the investment lanscape by significantly de-risking the science, therefore the company. And as outlined before, the company has no shortage of potential commercial partners sitting in the wings.
It seems one or two BBM's are missing a rather important aspect of today's news, this being; the news demonstrates the safety of its SkinBiotix® technology in human studies. This and the ability to scale up to manufacturing level were the two major risk factors that have now been successfully overcome. As such this is a major milestone for the Company. I suspect when people talk this in it will fly.
How do you come by £15m sales = £3m profit when group costs are £1m?
Btw elrico on form as per https://lemminginvestors.blogspot.com/2018/10/optibiotix-mr-market-cannot-see-value.html
I thought i would join here now the other forum has nothing but lie infested bear roaming with impunity, and bulls banned or moderated by someuwin. Has does elrico ever post here? I know he set up an independent forum and i have joined it, i'm just wondering if he has just left advfn or all forums? He is definitely missed on advfn.