Member Info for R55DRG

Net - I think you have the answer to your question - the quote was just a throwaway comment to express my frustration at the passing of years with no forward progress.

Acqua - I appreciate you answering on my behalf, I couldn’t have produced that level of detail and Toyin too for the additional information supporting this.

I wonder what is going on in the background here and I don’t think I’m alone in this - the PIs have been treated dreadfully and I don’t trust the CEO anymore - is he about to sell us down the river and accept a lowball offer for the company?

‘So the days they turn into years

And, still no tomorrow appears’

Genesis - Undertow

Im sure Tony Banks had SBTX in mind whilst writing this.

Interesting read - I’m an SWC investor by default ( previous Teathers Financial shareholder) so this has been a bit of a bonus. The math side of it blows my mind somewhat but I think I’ve grasped the basics of the plan and can see why IIs are investing. Algebra was never my strong point!🙂

I’ve taken a small position in BMV and I’m hopeful for a decent return as the news is released and the strategy evolves.

GLA

I understand that II and HNWI have greater risk due to their larger stake in the business . However, if Singer are only issuing the note to them, can anyone at the company please explain at what stage the ordinary shares that we lowly plebs purchased became a separate entity to the identical shares purchased by IIs and HNWIs. Essentially we should all rank equal and be privy to all information regarding the company.

I am becoming mightily disillusioned with Ashman and the board who have received more than adequate support from the ‘rank and file’ shareholders in the past only to be treated of late with absolute disdain.

A couple on here have mentioned a low price takeover due to the ‘manufactured’ state of the share price as I assume some load up for the price to increase once the so called NDA is lifted - wouldn’t it be ironic if Ashman presided over this because at the moment I have little confidence in the management of this business. He promises much, delivers little and until we see actual pounds on the bottom line I remain sceptical.

If Croda offer 30p, I’d probably take the loss and move on. There is a nasty smell around this company at the moment….

Net - ‘clearly wrong’? Tie in the time of the large ‘dark’ trades to the price of the surrounding known sells at that time and I think you can pretty much confirm the large trades are sells. I may be wrong but logic seems to confirm this.

Mornington - I can relate to your sentiment.

I bought in earlier this week so am under water already! However, I think this needs time for the appointments and news flow to come through before we see any upward movement. I’m happy to hold and see where this goes over the next few weeks.

Good luck!

Well having listened to the IMC it appears that everything is going very well indeed. 🙂

Whilst it’s ’official’ and Zenakine is going to make us a lot of money, it certainly hasn’t lit a fire under the share price - not one buy today and some chunky sells - looks like some may need more convincing and tangible proof of the blockbuster before they commit.

Belgrano - I don’t think I have ever seen the mood so low on this board. Ashman still has his supporters but the groundswell is that he has once again made a complete mess of things with today’s RNS.

Obsisian sub stack has nailed it - hard to disagree with him regarding SBTX being uninvestable.- no forecasts, broken promises and an NDA with an indeterminate end date. It’s a casino bet.

The Superdrug presentation this week will have to be good but on track record I’m just wondering how he has screwed this one up. He can only convince me by actually delivering on something he promises but it’s months away before we see sales or will he have signed another NDA with Superdrug?

When trust is lost it’s very difficult to regain this and I’m unsure how much longer he can go on drawing his salary on present performance.

Toyin - I agree. How long does this NDA last? In truth I’m not surprised by today’s ‘announcement’. Time for a shake up he does us no favours whatsoever.

It’s difficult to read genuine posts on my feed at the moment because I’m inundated with green edged boxes!

Oleric - 13.03 - great summary. Like you I have never been enamoured with the idea of using gum for the acne product. I’m no expert so don’t know the barriers being faced to supply Axis PS in capsule form. Whatever, I’m sure this is the way to go - quicker to take a capsule than diluting a powder in water, we live in a busy world and people want the easy option. So if SBTX are working on capsule form as we’ve been lead to believe for PS, surely it is more cost effective to deliver both PS and Acne via this method, particularly since it has been acknowledged that the sealing of the gum is proving a difficult process.

I see you also mentioned Superdrug and margins - I’m sure it will be painful to an extent but five years ago, the company discarded a deal for Axis PS that would have cost margins but given us sales. Five years on the and Axis sales volume remains pitiful, profit whilst obviously good in terms of margins is very low in terms of contribution to the bottom line. I just get the feeling that if the lower margin deal had been taken five years ago, we would be almost out of the ‘tie in’ now with an established customer base, volume sales (hopefully),great customer retention and a much higher profile in the market to launch the acne product.

PS - after many years holding in SBTX, I hope the next few weeks bring news that will propel the share price forward and give long term holders the reward they are due. I’m hesitant to say that for me it’s the last chance saloon but just how much longer can we endure the promises which ever quite seem to come to fulfilment? If it answers your ‘question’, plumping up the company and getting it sold would do me providing it was at a reasonable price - it may just preserve my sanity! 😂

Diplomat - yes, me too. Since the email I’ve had to change address with the Registrars, obtain an indemnity for a lost share certificate and this is now with Aviva for signing. I’m hoping this will be received back shortly so I can proceed to obtain the SWC share cert. Whether I hold or sell or sell part, I’m unsure at the moment.

BTW - have to say the service from Share Registrars Ltd and Portsoken who are sorting the indemnity out has been absolutely first class - to be where I am in just over seven days is impressive.

Nick - I used to work for a bank but wouldn’t even attempt to try and get an indemnity signed by them (that’s if you can find an open branch!).

I spoke to Iwona Polak at Portsoken this afternoon and she couldn’t have been more helpful. She has already e mailed the proposal form to me together with comprehensive instructions. Cost to me is £275 (4,425 shares) and is guaranteed at this price (even if the value increases) providing they can get the paperwork to the insurers within 60 days (it’s going back by return of post!😂).

Hope this helps and good luck whether you decide to hold or sell.

Gazino - thats some windfall! After it delisted I just consigned it to the ‘put it down to experience’ bin. Never, ever thought I would hear anything again. Thanks to Ben Turney, a decent guy who really had no obligation to contact us given he hadn’t been involved in the company since 2022. Great to hear a good news story for a change! 🙂

SWC365 - me too. I had an e mail this week from Ben to say previous investors in Teathers now held shares in the Smarter Web Company. I can’t find my original certificate so am scrambling to get an indemnity signed and new certificate issued.

I thought that maybe they’d be worth a couple of hundred quid whereas I’m currently looking at in excess of £20k. Crazy world!

Totally agree - the only one making any money from this business is the CEO. Just one poor decision after another. Just how much longer can this go on?

Net - can’t disagree with your logic.

Removal of the NDA should bring good news but until it happens and we have that good news I’ll remain sceptical. We’ve had promises so many times that I just don’t believe anything until it happens.

GLA

It is of course natural that the ‘bears’ are strong - everything has been analysed to the ‘nth’ degree on this board, the ‘blockbuster’ ramped continuously but it’s all speculation.

Communication is non existent and the shareholders are just left to drift along as event after event passes with vague promises, fluid time lines and deals with MNs almost there but not quite. Meanwhile the NDA is creaking under the weight of our CEO continually leaning on it as a means not to do anything.

Question - who benefits from this continuous vacuum? Every month that passes and yes, they continue to do so apace is £25k in the pocket of the CEO. He still hasn’t purchased the shares he said he would do at the ‘first opportunity’, that was months ago - oh wait, the NDA is back in play. He appears to be permanently precluded from buying shares which would make a statement of confidence to the market.

I’ll await the ‘sell up’ if you’re not happy comments but essentially, as a LTH and ‘under water’ all I can do is sit this out like I have since the botched Axis launch which is still in ‘soft launch’ mode after five years.

As ‘leapfroggy’ says maybe transformative means the lights are still on.

Three times as many comments on LSE as share trades again today, similar yesterday- reason is quite clearly down to no clarity on just about anything. Frankly the royalty discussion is becoming boring because essentially all we know is that SBTX have signed up for ‘double digit’ royalties - beyond that it could be double digits on hundreds, thousands or millions of pounds - who knows?

I’m in the Bazza and Toyin camp here - I know you are both LTHs like myself who are no doubt suffering ‘from ‘have patience’, ‘wait and see’ fatigue. There are always more questions than answers and this is evidenced by the 300 or so left over from the last presentation. Having suffered the stuttering undynamic specialist presentation, time would have been better utilised in answering questions! Questions which now hang in the air and I begin to wonder whether they posed issues that Mr Ashman can’t or doesn’t want to answer.

Belgrano, great post today I think you have summed matters up pretty well.

Someone else has said this launch should have been our greatest moment to date but the truth is we are shackled by the NDA, any momentum is capped every time by the warrants (now gone hopefully) but also a large investor too who at the first sign of a rise dumps more shares to suppress the price.

Is it only me who feels that at the moment SBTX is only being bought by the ‘top up on the drop’ crew and is an unattractive investment to new players because it’s purely a gamble due to lack of information, poor communication and the NDA that seems to preclude the company from exploiting and promote its business?

Bazzaman, PG, Toyin - the selling continues and I share your frustration. If the sellers are in the fortunate position of being able to take a profit then I don’t blame them. I need the share price to at least double but at the moment see no likelihood of this.

Usually an IMC leaves me with hope because our CEO talks a good game but I see nothing coming from this one that leads me to believe this. I just don’t want more empty promises, statements that say how close we were to something nor reliance on that old chestnut the NDA to keep us once more uninformed and in the dark.

At the last IMC SA said he would buy shares at the first available opportunity - guess what, he hasn’t. Will it be the NDA or the closed period reason today?

How can we attract new investment when we have no information on royalties received, no realistic forecasts that include all income sources and of course a shambles of a broker who can’t even get the basic figures correct?

It’s little wonder LTH are becoming disillusioned - the ‘small’ pi here is being continually overlooked and whilst many will say have patience, how long can we stretch this when every update simply goes the same way and we are left in the dark for another three months when rinse and repeat happens again.

I think SA needs a rough ride in the presentation q and a’s today to try and make him understand that investors have had enough.

Many posts today but I notice the chief ramper ‘garbage receptacle’ has gone very quiet.