Optibiotix Health Share Discussion Threads

[judijudi] 23/12/2016 16:06

My opinion is unchanged

[bdog51] 23/12/2016 15:23

I've just noticed that Hargreaves Lansdown is showing the Bid price at close of 58.50p.On LSE it's 61p.Which is correct?

[john henry] 23/12/2016 15:04

Imho it's quite a reasonable request.

[diablo26261] 23/12/2016 14:57

The comparison is not inequitable - for Reynolds to have his profit taxed as income tax rather than CGT it is because he is classified as a TRADER. This gives him benefits in other aspects of taxation planning.

It is a personal situation and the extension to other warrant holders is not really relevant.

His professional trade has led him to this position.

[john henry] 23/12/2016 14:44

The warrants were initially issued out of Ducat pre – Opti The majority of Ducat shareholders called their warrants during 2014 / 15 and 16 I did not as I am hugely loyal to the Company In October I sought to call my warrants and take up the stock without selling any – again this is my commitment to the business As a professional I sought tax advise and the resulting HMRC opinion is that I would have had a benefit in kind immediately on exercise (income tax) all external warrant holders paid CGT on disposal, therefore even if I did not sell a single share I had to pay HMRC 47% on the difference between 8p and 64p = 56p X 400,000 = £224,000 @ 47% = £105,280 within 30 days – this in my opinion is not terribly fair as everybody else paid CGT as explained on disposal. I sought Board approval and NOMAD approval to extend the warrant period and rather just to do it for myself I have extended it for all current holders When you state "I have shifted the goal posts" what I had was something inequitable as I was at a huge disadvantage and didn't want to dispose of any stock to fund the tax position on calling the warrants I hope this clarifies your understanding of events Kind regards Adam

[judijudi] 23/12/2016 14:11

Hey that's great.
Looking forward to reading it!

[john henry] 23/12/2016 13:46

I have had a response from Adam regarding the warrants and the likes of JJ etc are way off base. Imho what he is requesting is just and fair. I have requested approval to post his reply on this message board.

[currypasty] 23/12/2016 11:59

£597k nice work

[someuwin] 23/12/2016 11:58

£77,000 worth of warrants at 8p each = 962,500 shares.

Which = £596,750 at current 62p.

[diablo26261] 23/12/2016 11:57

Simple line here - matter of principle - easy and clear, this sends all the wrong messages.

Why would a well run genuine company waste it's funds on the personal individual gain of two people (if that is indeed the correct number of individuals in the trough)?

We know there are many other AIM companies run mainly for the enrichment of directors and related parties - what does this suggest ?

[1bokke] 23/12/2016 11:49

Elrico, thanks for the post and yes it is good to put it into perspective. I can only speak for me and one other and can say that I think a bit of venting at this Rns is fair enough( and that's all it is), I am still absolutely in this for the long haul and will add where I can but this has been a year of 2 steps forward and one step back. Steps forward are IMO the company has consolidated on a great 2015 and is I believe a stronger and more durable business with some great news due going into next year. Step back is I think we have lost some momentum in the perception of this in the wider market, the pieces do seem to be in place to reverse this in H1 however.

[elrico] 23/12/2016 11:25

Oh my giddy aunt. Calm down, we are talking about a mere £70-77k of outstanding warrants here, not a boat load of impending dilution. TW has £10k worth of warrants and AR has the remainder. AR stated he has to sort his tax issues (podcast)....so the can gets kicked down the road for 6 years. Big deal!

Is there more to this warrants meeting? Perhaps, just maybe OPTI are thinking about Skinbiotix warrants post IPO? Since the OPTI IPO there has been a steady stream of RNs related to new warrants hitting the market, just maybe OPTI want to widen the window so there isn't a flood of warrant RNs. Yes of course it means warrant holders get to have their cake and eat it - why shouldn't they be rewarded and encourage them to hold the warrants for longer.

[diablo26261] 23/12/2016 11:15

The timing of potential good news is clearly pushing out further and rather than exercise the warrants and hold the shares which would mean using their own cash and taking on some risk (at a mere 8p)- they want to kick the can down the road to their benefit as risk free as possible.

Our benefit as ordinary shareholders is they do not exercise and dump depressing the share price - have to look at the positive for us.

Will be interesting to watch out for the granting of new share options to the directors and employees (nicely wrapped up in EMI schemes)and the vesting/exercise schedules.

[judijudi] 23/12/2016 10:57

I thought this lot might be different
But no!!

[judijudi] 23/12/2016 10:19

Toon,
I wonder if TK is on Optis remuneration committee?

[scotty1] 23/12/2016 10:03

Well as the headline says on shareprophets.


Optibiotix (#OPTI) calls meetings to extend term of warrants by 6 years. Good news for TW!


sounds about right

[thetoonarmy2] 23/12/2016 09:44

Judi, Think Tom Kelly has joined the BOD to advise on corporate Governance.:)

[judijudi] 23/12/2016 09:25

They will be issuing countless options next at a 63p excercise price!!

[1bokke] 23/12/2016 09:22

To my mind AR is starting to look like a bit of a loose canon, was he not the one who caused a bit of a broohaha recently with his interview that seemed to contradict SOH in regards to the late stage discussions on multiple deals?

[smarner] 23/12/2016 08:56

I thought warrants would be an Incentive for the board to get a move on. Should not be allowed to move the goal posts?

[gbh2] 23/12/2016 08:50

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