Member Info for shychap

Gut=nervous system

AquaeSulis01, the lawyers might have fun with it. My references all say that an "Active" works _directly_ on the skin, ie topically, to deliver its magic, whereas Zenakine works indirectly, via the gut. They might argue therefore that an inert carrier cream containing Zenakine isn't an Active. Equally, if it were possible to deliver Zenakine orally in a gummy or drink, then it would deliver its benefits without being an Active. And even if SBTX mixed it with Actives in a cream or serum, it might still be argued that Zenakine was not being sold as an Active.

Aye Cliostock, but it can be a long and painful wait for the faithful - without any guarantee of eventual reward. For sure, the sellers here have had few regrets since April, while those like me who haven't sold a single share have had too many reasons to question our judgement.

However, SBTX is fundamentally in a good place and with the increased earnings visibility now surfacing, the prospect for a re-rate is there.

I am convinced that without any of Ashman's broken forecasts, the SP would have been much higher today. Revenues of £4.6m and a dwindling loss is a big leap from a year ago…but the disappointment of missing forecast by 25% has wreaked havoc on the SP. I'm afraid that the over-hyping by Ashman has hurt us plenty and I hope that he now stays true to his word last week that future forecasts will be of the 'under-promise and over-deliver' variety. We longs can't afford any more grim trading updates.

And your Youtube chum needs a school lesson himself: there is no such word as "tought".

NDAs don't explain the lack of a timely trading update. The miss was in the subsidiaries which Ashman was free to talk about.

Https://lemminginvestor.substack.com/p/skinbiotherapeurics-plc

Plenty not to like in Ashman's answers – although the patrons seemed to lap it up and he has at least been flushed out of his hiding place.

Bluff, bluster and deflection, with no blame attached to him…a cover-up. Whatever he says, the regulator investigations are ongoing so he doesn't know the outcome yet. He admitted that the 25% revenue miss was due to delayed orders in May and June - long before the 16 June fundraise by when the £5.3m + Croda forecast was certain to be missed by a material amount and should have been disclosed to the market. Ashman waited until 14 August to downgrade the forecast and the regulator – not Ashman or his lawyers – will decide whether that amounted to a misdemeanour.

Forecasts are an inexact science, especially without prior years' data, but a 25% miss enters the realm of incompetence, not least because Ashman did have prior data for all parts of the group including the two acquisitions and only lacked comparators for the Croda revenue - which was the one area which didn't disappoint since it hadn't been tainted by an Ashman forecast. Ashman has the nerve to describe this as "a slight miss". The 2026 forecast presumably now allows for a quiet Q4 for the acquisitions, following a bumper Q1.

FWIW, I still think that both new acquisitions were prudent purchases. The problem is that they were overhyped as immediately accretive, wrongly forecast and deceptively described as meeting expectations long after it must have been clear that they weren't.

"Elric declared he added you to the filter list some time ago."

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Allegedly. You don't keep posting about someone you've filtered. Especially someone who's living inside your head. But I'm more than happy to be filtered. Those who can't take the heat need to get out of the kitchen.

Hello elrico,

Thank you - I look forward to seeing the Q&A later when you post a live link to it. Has it only now been agreed to put it into the public domain as I thought those were the terms under which Ashman used to engage with you? Did he not make such a stipulation this time?

While I seem to be living rent-free inside your head, I am only an occasional critic of yours (and your evangelists when they post inappropriately here), with almost all my criticism reserved for Ashman & Co. For certain, you have never caused me any stress or distress, even when you indulge in your petty digs.

I'm not sure what transgressions you are apologising for. Apart from the aforementioned petty digs at me and others, I'm not sure what you think you may have done wrong.

Such an epiphany would be most welcome if it came from Ashman, who does need to start mending the broken sentiment he has caused with an apology and a new, improved way of dealing with IR enquiries and complaints. If you still have his ear…

As one of the 99% who didn't get to hear Ashman's inspiring words and Elric's fearless questioning, I look forward to its release into the public domain since the SP impact so far has been tepid.

PGlancy, if your idea of a great forum is one where everyone is 100% positive, you have much to learn. Every forum needs balance, devil's advocacy and even negativity to be useful.

01 TO RECEIVE THE ANNUAL REPORT AND FINANCIAL STATEMENTS

02 TO REAPPOINT GRAVITA AUDIT LIMITED AS AUDITORS OF THE COMPANY

03 TO AUTHORISE THE DIRECTORS TO FIX THE AUDITORS REMUNERATION

04 TO REELECT STUART ASHMAN AS A DIRECTOR OF THE COMPANY 

05 TO REELECT MARTIN HUNT AS A DIRECTOR OF THE COMPANY

06 TO REELECT DR CATHERINE PRESCOTT AS A DIRECTOR OF THE COMPANY

07 TO REELECT DANIELLE BEKKER AS A DIRECTOR OF THE COMPANY

08 TO AUTHORISE THE DIRECTORS TO ALLOT SECURITIES UP TO AN AGGREGATE NOMINAL AMOUNT OF 862598.21GBP

09 TO PROVIDE THE DIRECTORS WITH LIMITED AUTHORITY TO ALLOT EQUITY SECURITIES FOR CASH ON A NON PRE EMPTIVE BASIS IN ACCORDANCE WITH SECTION 570 OF THE COMPANIES ACT 06

10 TO PROVIDE DIRECTORS WITH LIMITED AUTHORITY TO ALLOT SECURITIES ON A NON PRE EMPTIVE BASIS IN ACCORDANCE WITH SEC 570 OF COMPANIES ACT 06 PROCEEDS ARE USED FOR FINANCING

"Shame today's buying bubble has already burst, maybe we need a TU to follow on from yesterday's Q&A."

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Indeed, it wasn't like the Lemming pumps of old, for sure. Maybe not enough people got the message. Maybe Ashman has burnt his bridges by misleading subscribers over there too often in the past. But hopefully, it's not over yet: he has committed to delivering some good news before the HY results - the obvious risk being that, on past form, it may not materialise…or, since he seems incapable of delivering good news without bad, he may bracket it with another fundraise. His credibility is shot, unfortunately.

If you deal online, you will need to log in to your broker's website and look for 'corporate actions' or 'secure messages' where you should find an invitation to vote electronically on the listed resolutions.

Ashman's claim that complaints by pis have been vexatious is obviously nonsense when you see the list at https://www.dropbox.com/scl/fi/vh5hr2o6097xfznd1eboi/SBTX-Who-Is-To-Blame-10-12-25.pdf?rlkey=mest8cump9pp7lbfinufnb42y&dl=0

and most of these complaints would have been pre-empted by him if he had done his job and responded to legitimate email enquiries instead of burying his head in the sand. so, in the unlikely event that his claim that dealing with the complaints has cost half of his huge salary and £75k in lawyers' fees is true, then he alone must take the blame.

not that he will ever admit to it. but there are shedloads of unanswered emails in evidence.

ashman's claim that complaints by pis have been vexatious is obviously nonsense when you see the list at ********************rj56p2fc

and most of these complaints would have been pre-empted by him if he had done his job and responded to legitimate email enquiries instead of burying his head in the sand. so, in the unlikely event that his claim that dealing with the complaints has cost half of his huge salary and £75k in lawyers' fees is true, then he alone must take the blame.

not that he will ever admit to it. but there are shedloads of unanswered emails in evidence.

Sharecast: "Berkeley Group posted weaker interim revenues and profits on Wednesday, amid a "very challenging" macroeconomic and regulatory environment. Revenues came in at £1.2bn in the six months to 31 October, down from £1.3bn a year earlier, while pre-tax profits fell 7.7% to £254m. However, net cash was £5m higher, at £342m, and net asset value per share rose 5% at £37.63. The housebuilder also said it remained on track to meet full-year profit guidance."

Cliostock, I do have the latest information that's available to me. Ashman pledged in one of his few RNS's to only communicate via official channels going forward so I have to assume that Elric was talking to an AI clone and not the real McCoy.

Meanwhile, Ashman has consciously ignored retail investors for the past six months which does have consequences because the one superpower that retail investors have is to move the share price, as he has seen over the past couple of days. Finally, when he wants something (this time it's votes) he sends out the clone to sweet talk a handful of PIs into lowering their weapons while the great majority are still fighting on the front line to bring him to order. He obviously hasn't learned his lesson.

Perhaps he has again convinced the few that he is telling the truth and maybe the SP will flicker up tomorrow. But the lesson learned from the past is that he doesn't tell it like it is and the rally soon fizzles out.

Having emailed him and phoned him on several occasions over the past few months (in an always civilised manner), he hasn't deigned to reply - even though I own more shares than most PIs. He has driven me to complain to the regulators twice and now to talking to other shareholders who he presumably does communicate with.

I will continue to fight for what I know is right.

AquaeSulis01, the late orders must have been factored in to the 2026 forecast - in which case HY1 will be higher than that run rate and HY2 will be lower.

I'm about to hit the Send button on some notes to one or more major shareholders so if there is anything substantive in this Q&A which addresses any of the complaints about Ashman and Hunt, let me know pronto.

"I will not be voting against Ashman's re-election."

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You said earlier that you had already voted against his re-election.