Member Info for Toyin

DB took 3,529,411 and yes he did have to notify as he went through a % point, which leaves 20,588,234 shares unaccounted for. You believe what you want.

Dire, where are the TR1's?

Yes, a public limited company (PLC) should inform the market if one customer makes up 10% or more of its revenue.

Accounting Standards: Both International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP) (specifically IFRS 8 and ASC 280 respectively) mandate that companies disclose information about major customers when the revenue generated from transactions with a single external customer equals or exceeds 10% of the entity's revenues.

SkinBioTherapeutics (AIM: SBTX) demonstrates good practices in several areas, including corporate governance, commercial agreements, and product development. The company ensures directors stand for re-election annually, aligning with best practices and the UK Corporate Governance Code. They also prioritize ethical values and behavior, promoting a strong corporate culture.

Really?

Never Aquae, I agree. We need a cleansing statement asap to sort this mess out. They keep using slight of hand tactics and it is unacceptable.

Aquae, this is my point, nobody has a scooby whats what, can we just have a bit of transparency!

UK Public Limited Companies (PLCs) are required to ensure their trading updates are clear and unambiguous. This is primarily due to the Listing Rules, which mandate that companies must immediately disclose any major new developments that could significantly impact their share price. This includes information about a company's financial condition, performance, or expected performance. The goal is to prevent the creation of a false market and ensure investors have accurate information to make informed decisions.

Aquae, we agree on the "at least £500k."

Aquae, how much of the cash do you think is Croda?

Aquae, some assumptions there, but I wil give you them. Where has the extra £700k come from?

Aquae, 100% agree, I never liked the idea of the acquisitions but I understood why he did them. I would have prefered him to get paid on time by Croda and upfronts for our IP, but life isnt perfect. My problem is the last rns, in my opinion they are using Croda cash to make Derma & BTS look better than what they are, we need clarity as it is destroying the share price. If you add back say £500k spend on Superdrug, we have £1.2m cash more than forecast, where has it come from?

Net, install an ad blocker in your browser. I use AdBlocker Ultimate.

One down three to go.

Nick, I believe it’s Croda, how much, I don’t know. Yes, there are warrants but there is also def con, plus we don’t know how much has been spent on Superdrug before YE, £250k, £500k, £1m. Singers would not have been privy to any Croda revs due to NDA, so to be £700k in the blue in cash speaks volumes.

On your point of dermatonics & bts, yes I agree, £1.58m for H1, it was a big ask to get to £5.3m in H2, even adjusting for bts H1 contribution.

I believe they have gone to geographic to cover the failure of the acquisitions and they will prop them up with Croda royalties. I believe the acquisitions have flopped and Croda is smashing it.

Croda.

Aquae is spot on.

Singers had us at £5.1m revs & cash of £4.1m at YE, yet we miss the £5.1m by at least £300k but have an extra £700k cash. Looks like Croda is going very well.

i think croda is going great guns, quick *** packet.

cash £4.8m

- fund raise £4m (net)

= £800k

+ superdrug expenditure £500k (guess)

= £1.3m

i think £500k minimum from croda in fy25 to have that cash position.

sa has put himself in a lose lose situation re croda, but the revenue miss and cash position is telling.

Researcher, I agree. Update as clear as mud but Zenakine revenues definitely hidden in the update. Aquae points it out well on another thread.

Disagree PG, NDA in place, its a fair question.

"The timing of updates has zero bearing on Zenakine sales."

Dustbin, no one said it did, whats your point? I'm discussing running a company in a proper manner and within the bounds of UK law.

Bel, I believe it is doing very well out the blocks, I remember having a conversation with Mike McGeever and he pointed out Croda would want ROI asap, which I completely agree with. But again we are having these discussion because as investors we are all in the dark, this is not the way to do things. I remember the heading in the last rns, "Commercial Launch Progressing as Expected” what does that mean exactly, investors dont know what managements expectations are so it was a stupid and nonsensical rns to put out.

UK PLC directors have legal and regulatory obligations to keep investors updated on financial matters, including disclosing significant events or inside information promptly. I dont believe this has happened.

It cant be that big of a job, he has confirmed he stands by his forecast of £5.3m for FY25 just a few weeks ago.

He is in the same boat as us Bazza, late July early August.