Member Info for R55DRG

Two unknown trades showing at 8.01 and 9.43 - 267,000 shares and 200,000 shares. MD adding to his stake, certainly follows the trend we have seen of late?

Surely Ashman has to break cover now and issue some sort of statement via RNS or will this be another NDA?

Very cryptic clue Josh.

If you google who is the largest electronics retailer in the UK - the answer is Amazon.

No one buying because why would you invest in something as opaque as this business? As you say Bazza the selling continues - apparently though despite the fact we haven’t a clue what is happening ‘Ashman is pulling a blinder’ 🤬

Should have read ‘Gardie’ not Garfield. 😊

Bottmzup - two unknown trades this morning, very close together timing wise, 200k and almost 350k. Have to be buys even though every other trade today is showing as a sell - we know at least one of these is the top up purchase made by Garfield.

Purchase level being ramped up - there has to be a TR1 shortly?

Yes, I filtered B T when I was invested in SWC - he remains on filter for BMV.

Net - have to agree, unfortunately aspiring to break 17p is setting the bar low but I think that’s where this company is at the moment.

The silence continues and I have to wonder just what is happening to this business - Ashman raids the till to the tune of £20k a month and I’m seeing zero value for this. We are investors and want to see our investment appreciate - all I see at the moment is value destruction.

Contender - he has to be a poor negotiator, can’t be anything else:

Croda - NDA - they’ve even mentioned us in their press release but SBTX shareholders are left to try and figure out what royalties we’ve received even though the first tranche was promised before end of 2024!

Acquisitions - hyped as great synergies for SBTX. Reality is they’ve underperformed and he overpaid for them. Didn’t affect his pocket though.

Umesh Modi - hyped again - have they actually sold anything?

Superdrug - ‘forced’ him to launch a year early. If we were forced into this, why does it now seem they are dragging their feet on the launch? BTW we know nothing of the terms - has he collapsed on margins, wouldn’t surprise me.

If Croda is as good as we believe, SBTX at current price is extremely vulnerable to a low ball offer - I agree, we need someone to protect our interests and SA is not the one to do this.

I don’t subscribe to ‘Lemmings’ so I assume their update yesterday contained ‘info’ regarding Superdrug?

As ever, it’s the standard poor communication we have come to expect from SBTX despite assurances a couple of years ago that this would improve. It hasn’t.

We are in the dark once again, everything as usual is shrouded in mystery - Superdrug apparently forced an earlier release date on him - this should have been the coming week (at the latest depending on how you view calendar weeks). Absolute zilch on the Superdrug site. I know, it’s all about Croda but there are other aspects to SBTX and as Bazza says when is he going to communicate properly with shareholders. Surely if Superdrug is delayed he needs to be issuing an RNS to this effect?

Bazza - Axisbiotix Instagram appears to be running a ‘teaser’ campaign - some lady going around Newcastle putting up red spots in lifts, in the Metro centre and outside the train station - I’m assuming this is for the Acne launch. Unfortunately as per usual few people are seeing it but I suppose it’s a start. Whether SA will release an RNS shortly….who knows?

Bottomzup - thanks for the insight, not a chart person but that sounds better - hopefully the smoke is clearing and we can see a more definitive rise over the near future. Maybe a TR1 in the not too distant to add even more clarity!🤞

Bottomzup - wonder if the balance today will be an unknown trade or a bona fide 50k trade to put you off the scent! 😊

BTW - you’ve been watching this closely - do you have a ball park for the total shares purchased since this started, must be over 2m at least - maybe 3m?

If he has been responsible then it would have been an opportune time to discuss lifting the NDA but who knows, communication is none existent.

It’s sad to see just how downbeat the mood is on the board- hardly surprising though. Trading volume in the shares has reduced to practically zero, radio silence from the board and a ‘blockbuster’ that is hidden behind an NDA the terms of which we know nothing about. Any surprise that buyers aren’t buying and disillusioned shareholders are moving on to better things?

I hope Superdrug is a success but who knows on past track record - as Toyin says the company needs to stop withholding the Croda information. The last couple of months has destroyed Ashman’s credibility with pi shareholders and no matter what happens I don’t see him winning this back.

10th trade today just after the bell - 462,000 shares at .14p. Could this be Opti selling again before the price drops further?

Just 9 trades today, all marked as sells. Looking at the prices you can’t even say they were possible buys.

It’s not even worth a speculative punt at the moment -only one person making any money out of this business and he needs to go.

Leapfroggy - good to hear your views on the state of this share and company and your strategy going forward. It appears you also align with Belgrano’s earlier comment regarding that if you had money to invest now, would you look at SBTX or elsewhere? I agree, SBTX as an investment is pure speculation and until the company can issue something that gives potential investors something to base an investment decision on it will remain that way. I also intend to leave my investment (FOMO) but will be out as soon as a decent price is achieved or a takeover/bid takes this out of our hands.

I was fortunate enough to make some money recently on SWC (legacy of being a previous Teathers investor). In a similar vein I’ve invested in BMV - the management are experienced, have a plan and keep shareholders informed and actually stick to timelines!

I don’t doubt Zenakine is a great product but there still isn’t an actual product out there and this continuing reliance on the NDA to keep investors in the dark only serves to create uncertainty. We were continually being told it will be a ‘blockbuster’ but even those posts have dried up!

Finally, if Ashman’s track record is anything to go on, I also share your doubt that they can market the Superdrug products, let’s face it, in the absence of information I’m pretty sure that we will be taking a pretty big hit in margins to get the product on the shelves. Almost five years ago he pulled out of a psoriasis association deal (£1.2m per annum sales) citing loss of margins - if he’d taken it, we’d almost be out of the tie in period now, probably with a good base of sales and repeat orders rather than the pitiful annual sales we’ve seen for Axisbiotix.

Having been an investor in SBTX for around six years now, I’m well versed in the wait for news, it arrives and disappoints but wait for the next news, which invariably disappoints - it’s a rinse and repeat cycle that never quite actually finishes.

It is really disappointing to see this site descend to current levels of what can only be described as playground behaviour.

Everyone is entitled to their opinion - I’m not taking any side in particular but it’s a shame to see people having to continuously suffer personal attacks for expressing their thoughts then having to defend themselves because it doesn’t meet someone else’s agenda.

I’m going to stick my head above the parapet here - SBTX is in a vacuum at the moment. Quite frankly it’s the uncertainty surrounding the business that has been going on for sometime now due to the sporadic, ill drafted, vague and ambiguous information we the ‘irrelevant’ shareholders are subjected to. This only serves to create doubt and of course unhappy investors (unless of course you a HNWI or an II) and I’m beginning to wonder if they are beginning to see through the charade.

The one thing I am certain of (I know some will disagree) is that Ashman’s time has gone - he is the only one making any money out of this business and I’m convinced whilst he holds his current position in the company this will remain the case. We need someone who can promote the business, get the word out there. Yes, we have Croda, yes we have Superdrug but until they start putting pounds on the bottom line he has failed in my opinion - patience is a virtue but I know Toyin will agree that after seven years of this it is wearing extremely thin now.

One final comment - I was no real fan of Manprit however, given the debacle with the Croda ‘revenue’ maybe he saw what was happening and couldn’t be a party to this and decided leaving was the best decision for himself to avoid any comeback in the future - just a thought.

Tristel has only 47m shares in issue and a market cap of £176m - it also pays a dividend with a yield of approx 4% pa and has actual reported sales - it also probably has a CEO and board who value ALL of their shareholders.

As Bazzaman says in response to your musing that SBTX could be worth £1.5bn it will be swallowed up by one of the big boys long before that. Note the 6 figure trades again late on Friday, they have to be buys at 16.5p but the price doesn’t move.

The silence from our board is deafening and there is going to be some seriously p@ssed off LTHs if this goes for a song.