RE: Time to bounce back9 Nov 2024 09:45
Adyan, please read the statement from the half year results issued 2nd April 2020, yes that’s 2020!
“Any licensed products resulting from these agreements will be sold to Croda’s global portfolio of Personal Care customers, which amount to >12,000, some of which are the leading companies and brands in the market. SkinBioTherapeutics will be paid tiered royalties based on global sales revenues on any licensed products subsequently derived from the successful development of the partnership. Recognising the development activity required by Croda, the Company anticipates revenue generation to commence from these additional agreements during 2021.”
Did that sink in, “anticipated revenues during 2021” tell me, what year are we in? Did we get revenues in 2021, no, how about 2022, no, surely we got some in 2023, afraid not. Here we are, November 2024, any revenue now Adyan? And you think I am being impatient!
That right there is one of the reasons Croda’s share price is at a seven year low, I’ve seen galaxies form quicker. Let's not make any more excuses or make things more complicated than what they are, they have until the 20th of this month, thats the five years up and let's also not forget that includes a fecking 12 month extension!!! No more delays, they are four years late, that is a fact!