Skinbiotherapeutics Share Discussion Threads

[kreature] 15/10/2024 00:18

Just wondering, how many years if any is the operating lease on the BTS building ? What’s the long term lease liability there ? Thanks

[thevladslayer] 14/10/2024 23:03

Gleeful ping

[kreature] 14/10/2024 22:54

Talking of which, is there enough interest here? Whatever happened to elreeko and pals ?

[kreature] 14/10/2024 22:45

Repayment : ‘ First 2 years quarterly interest payments, 3rd year quarterly interest and capital payments’

The third year might be heavy going then ? 237k every quarter plus the interest ?

[kreature] 14/10/2024 22:29

Still looks like an interesting deal, but will there be any money left if you account for earn out of the foot rot, & interest payments & ebitda etc ?

[kreature] 14/10/2024 22:26

Interesting …BTS sold for 1.25m
Capital gains from zero at 24% would be £300k, leaving 950k, same as the cash loan

[kreature] 14/10/2024 22:14

Makes it sound like there’s been loads of income from Croda ? Has there been any ?

‘ Having acquired BTS, the Group now has sufficient cash runway to support its operations through to Summer 2026 without any additional income from Croda or other joint development agreements. ‘

[kreature] 14/10/2024 22:11

Just says, interest 13%. Is it 13% per quarter, per year, or in total over 3 years ?

[kreature] 14/10/2024 22:07

So have they got to pay back £1.3m (950k + £389k )

Does BTS turn a profit? :
‘ BTS reported unaudited revenues of £2.1 million and EBITDA of £0.5 million.’

What’s that without EBITDA ? Closer to zero I guess ?

[kreature] 14/10/2024 21:59

‘ In addition, the Company has entered into a subscription agreement with the same investor to subscribe for 2,349,624 new Ordinary Shares at 10.64p raising £250,000.’

Anyone know the terms of the subscription agreement? Subscribe when ?

[kreature] 14/10/2024 21:55

‘ The funds from the warrants on exercise will be used to reduce the debt from £950,000 to £600,000. ‘

Couldn’t they have had the warrants exercised before hand at lower price, then taken on less debt , or used cash in the bank ?

[kreature] 14/10/2024 21:42

They had 1.9m in the bank so not sure they even needed a loan ?

13% interest plus 2% fees over 3 years ? Is that 13% per year ? I guess it must be

£370k in interest to be paid ? Plus 2% fees (19,000) ?

Total £389k ? Is that the going rate ?

[putinaire] 14/10/2024 21:29

I think so. And entitled to offload at the circa 13s distribution centre on the M1, so all that's left is a free holding before the next collapse..

Of course you need luck for that to occur when no news can do it. Or a maker that only understands instructions and not market

[kreature] 14/10/2024 21:21

Hmmm, well I’m buying more sub 10.6. That’s what it was worth to the investor, so I assume they dun the math ?

[thevladslayer] 14/10/2024 18:10

Bluuuuuuue

[putinaire] 14/10/2024 16:35

Just want to thank Nobbygnome for telling us how a scam works

[thevladslayer] 14/10/2024 16:09

7.6 pct in a dayJob done ?

[putinaire] 14/10/2024 16:00

Well that was a disappointing day. I thought we were going to the moon. Turns out we were only visiting the distribution centre haha