Member Info for Toyin

From 20th Dec 2022

Q: Has the 20,000-litre vessel Croda commissioned been delivered, and has Croda put it to use yet?

Stuart: Yes. I believe they have produced at least one production run, but I have no details yet.

https://lemminginvestor.substack.com/p/skinbiotherapeutics-plc-5a9

Aquae, Croda have definitely run at least two runs at 20000 litres. That’s where they found the enhanced enhancements. The rns is poorly worded.

Did anyone know we had two different lysates?

Bigpunt, https://sell.amazon.co.uk/pricing#other-costs

There are very few people who know what the acquisition targets are, I don’t, nobody else on this board does and neither does SOH. Investors seem to be gettIng all upset about something we know literal nothing about. SOH has actually openly criticised the ceo and continued to sell down his holdings because of a strategy he has no information on, that just isn’t smart, especially when he said in an interview with Elric on the first of this month, if Croda launch Sbtx could be at £1. The time to judge is after, not before. SA has always said he will not take the first deal, he will take the best deal, they are accretive and profitable, and they are not big acquisitions. He was also proven right for not taking the distribution deals. This is the direction of travel so you can either get on board or not. But to second guess a strategy with literally zero information is a futile exercise.

Have a good weekend all.

Aquae, I admire your defence of SOH but the fact is he sold down to 15.01% or thereaouts because he didn't want to issue a TR1 because he knew he would get strips torn off him. The placing found him out, the rest is just semantics, he nearly played a blinder but he got found out. This is not down to TW, TW took SOH's comments in good faith.

Thank you Thomas.

Aquae, "there were insufficient shares on offer to meet Unicorn's requirement so a deal was made to acquire direct from Opti."

We placed new shares, what evidence do you have for this statement that Unicorn bought from opti?

Aquae, I suggest you go back to the email exchange which TW posted on 31/7 and pay special attention to the last part of the bold paragraph near the bottom of the page.

Sjs, no, Mr O has sold another 1.45m shares, by my calcs between the 23rd-25th of October he sold circa 1m, to be fair he did say he would support sbtx share price when it was going up by selling into it, ffs! So he sold just enough as to not trigger a TR1, he went from 15.7 to 15.01 (or thereabouts) very sneaky, well done Mr O. I wonder why he did that, maybe because a few weeks prior he told TW he certainly wouldn’t be selling anymore in 2023? But then Mr Ashman does a placing and Mr O has been found out so dumps another 400k just for good measure. Maybe now he is fully funded, but I doubt it! Last time he did a raise he could only get £500k away, from memory. Looks like 400k is sour grapes! Bearcast should be interesting today.

New institution onboard, Unicorn Asset Management took 4.15%, so they took half of the placing!

Aquae, I understand what you are saying re every little helps, but where do you stop? TW was talking about pay cuts, not hiring other staff, not accelerating studies. So let’s say SA took a 20% pay cut, didn’t hire more staff and didn’t push on with other studies, etc, etc and hypothetically didn’t need to do a fund raise and wait for Croda revs, how does that look. Well let’s assume that Croda revs land in May and we can re start the engines, in the meantime, you’ve lost momentum, demotivated staff, shelved half your projects and you have a ceo who’s getting paid 20% less and doing half as much as he was. Does that sound like a good plan? It’s t he law of unintended consequences! I for one am not going to sit here with 10% of the available information and propose such sweeping changes, that would be the definition of stupid.

Aquae, that's why he has options. This opti v sbtx is a fruitless discussion, its like someone asking, which is your favourite child, pointless. Irrespective of the reasons why soh took a 20% haircut, I personally dont believe it was for altruistic reasons. The fact is, if SA had done the same and it saved £70k pa or £6k a month, would that make any difference, other than a token gesture. Everyone will have their own opinion on it which is fine, but to compare to soh is irrelevant.

I agree there were some good points made but they were spoilt by the aggressive nature and the multiple mistakes in his arguments.

Couldn’t agree more Bazzaman, that was extremely uncomfortable listening to that.

As you say, let’s judge at the end of Q1.

Excellent interview Elric, thank you. I understand investors are a bit bruised at the moment but I thought he came across very well and it definitely sounds like we are on track to be transformed by end of Q1. I think it would be extremely foolish to contemplate changing management at this juncture. He has my vote. Bring on 2024.

Farris, I don’t think it was fair at all. Let’s take your example, go back and look at the rns’s for the Croda deal and the Winclove deal, there are two names from sbtx on each, SOH isn’t one of them.

Nick, let me just stop you there. The distribution deals would not have got us to breakeven, I think we would have got about 10% at the bottom line which would have given us £120,000 profit in year one.

As of 1/11 we had done 7153 orders @ 65% margin that gives us £162k, October was our best month at 637 orders and as per the rns, sales are growing every month.

In summary, we are in control, we are now making more money month in, month out because we didnt take the distribution deals and we are free to talk to MN's and we also have customers paying upfront rather than waiting 90+ days or whatever it be for payment.

(Margins are my guestimates.)

Very happy for you.

TurtleHead

Posted in: HE1

Posts: 129

Price: 5.70

No Opinion

Overhang cleared8 Nov 2023 11:47

Bags are packed, engine fuelled, it's time for lift off.

'Ladies & Gentlemen may I hve your attention please, train 6p is ready for boarding, next stop is the moon'

15p by close tomorrow

Still at 6p I believe. I do love making people like you look like id$$ts Turtle. Broken clock, etc,etc. TATA

Turtle, I stand by my comments. You asked about placings and forward selling, they were stupid requests. If you had done your research and derived EXACTLY what was going to happen, why did you ask in the first place?

What is it with you and pants!

Turtle, how did I lambast you?