Skinbiotherapeutics Share Discussion Threads

[jansky61] 14/10/2020 08:38

NIK you are quite right. ""Qualifying Shareholders may apply for Open Offer Shares under the Open Offer at the Issue Price on the following basis: 1 Open Offer Share for every 41 Existing Ordinary Shares"".
In any open offer you are guaranteed the minimum so for 100k shares you are guaranteed 2439, not a lot! If you consider the Company is sound however, this is only the guaranteed amount, you can apply for as few or as many as you like. There will always be shareholders who will not take up the offer for whatever reason; they have no cash for example or they do not want to invest any more in one Company. This gives the believers a chance to top up at a discount. If every holder takes up the offer you still get the minimum but if not you will get more scaled back according to how many others think the same. You can in theory apply for 1m shares if you want to!

[aquaesulis01] 14/10/2020 08:34

Or you can just wait for the share price to fall to 16p and buy as many as you like. That said, I will buy as many shares as Stuart and the other directors purchase

[rayrac] 14/10/2020 08:34

Looks like a ‘start up’?

Own lab? Woooow

[nobbygnome] 14/10/2020 08:27

>> nik

You can oversubscribe although of course no guarantees you will get you want but for sure you will get some of them.

[rayrac] 14/10/2020 08:23

To explore the use of the SkinBiotix(R) technology in areas such as, oral and hair indications. Work has already been initiated in these areas but a greater commitment of resource is required to make material progress.

-- To expand the Company's research and development capability through the establishment of its own lab facilities and extending the resource capability at the University of Manchester, where it has a long standing research agreement.

Bit late in the day to establish their own lab facilities? All been uni based so far?

And all those shares coming back into the market? Oh dear!

[lovewinshatelosses] 14/10/2020 08:17

Two weeks ago this was 20p a share. Not that long before it was 27p. Another company I am invested in recently announced a fundraise at a small discount and smaller level of dilution. The result is an share price still above the fund raise price. I'm going to be watching with interest to see how the market digests our raise.
Anyway, grumble over for now.

[nik7907] 14/10/2020 08:00

Unless you have absolutely loads of shares the amount the pi is guaranteed to get in the offer is quite minimal. Or have I got it wrong? 100k shares equals just shy of 2500 shares

[lovewinshatelosses] 14/10/2020 07:56

OK. Hopefully SA buying some and OPTI not selling for that timeframe will stop the share price getting hammered.
It is not a question of not liking fund raises as a PI - goes with the territory for a pre-revenue outfit - but the discount and amount of dilution is important. I don't see how saying those who bought in at the beginning are still quids in - it's about encouraging new investors as much as placating existing ones. Especially those that did not get in so early :)
Anyway, it is what it is. Let's see where we are by January.

[toyin] 14/10/2020 07:55

Small point, anybody who has a spreadbet open, you will automaticlly get the open offer so check you have enough funds to cover it.

[madaboutmed] 14/10/2020 07:50

Very wisely said as always shrewd. SA has invested as he said he would. He said he needed more staff and now has the funds. He has delivered on every program to date in fact they are ahead of plan despite everything virus related that is slowing others down. I think the placement is at a reasonable discount and they have opened it up to all and who knows what access to cash will look like in 6 months time the way the world is going. Very sensible move again from SA and the team. I will be taking up the OO for sure. GLA DYOR

[shrewdmole] 14/10/2020 07:47

Before I go cenkos just released a buy rec at 18p stating 3rd commercial deal is close.

Speaks volumes.

[shrewdmole] 14/10/2020 07:43

Amateur hour!

Yes it’s a raise.
Bonita not to keep the lights on, it clearly states they are advancing oral and hair science.
Yes SA always stated he didn’t NEED cash that’s different to keeping the lights on cash. Him and cath are obviously some way down the line on this strain.
Remember when Opti has to sell sbtx early this year to show to a major I think it was h and b that they could cash flow enough stock? I see this as similar.

We also have posters on Opti saying only way a new II will buy is via a placing as they can’t get the amount they want.

Every one has their own opinion but raising funds which by all accounts he could have raised a lot more for the right reasons is not a negative for me.

I hold a good chunk here but see this as positive and done for the right reasons.

The Opti lock in too is good and shows 2 things 1) they themselves must be throwing off their own cash and 2) they see sbtx being a lot higher in 12 months.

I’m going to stay off for a bit as someuwin has a shorting agenda and a few others can’t see the wood for the trees contradicting their own gripes about Opti and soh.

SA reputation is fully in tact in my book.

S

[zedder] 14/10/2020 07:43

Correction they raised some at the same 16p in February 2019.

[zedder] 14/10/2020 07:39

I agree Blah blah. This is the first time they have needed to raise more funds since they IPO'd at 9p. I've seen other companies that have raised funds at lower and lower prices compared to their initial IPO price. This company has already been a good investment for those that have been here since day 1, and I see no reason that will not remain the case going forward.

[best1467] 14/10/2020 07:38

Slight back track from fully funded Statement now looking to develop own label Cosmetic Will need another 250 million for that.
Seen several companies raise cash most with similar poor backtracking reasoning I suggest it’s the economic picture moving forward.Anyone any idea about the Eczema trail seems to have disappeared after the last fund raise to fund

[someuwin] 14/10/2020 07:36

No Blah Blah, its 11% DISCOUNT to yesterdays price (which had already fallen because some peeps were in the know) but its 22% DILUTION for mug punters who are already holding.

Number of shares will increase from 128m to 156m = 22% dilution.

[nobbygnome] 14/10/2020 07:30

SA purchasing £20ks worth

[lovewinshatelosses] 14/10/2020 07:27

Is Stuart going to be buying some too? My first impression of this raise, at 16p, is not positive to be honest.
This needs to result in some significant new commercial gains and quickly.
I will probably take up the OO - but am watching very carefully now. Trust is still there, but the first blot on their copybook IMO.

[judijudi] 14/10/2020 07:23

Well that’s a drop today to at least 16p I would have thought

[blah blah] 14/10/2020 07:22

PIs typically are never happy to see a placing but I am, if the company is going to scale it needs to raise money, it would take forever to generate the profits to self fund. Also, you need to make it possible for institutions to get at least a part unit if you are going to build an institutional shareholder base. With any luck we will get some who go on to buy more in the market and support the share price from here. Given the discount is a measly 11% I’d say that is a small price to pay for the potential upside.

[nobbygnome] 14/10/2020 07:21

Interesting that OPTI have agreed to not sell any more shares for at least a year.

[judijudi] 14/10/2020 07:18

I’m always disappointed when a ceo raises money at a low price when he could have done it a couple of months ago at a lot higher price
Leaves a nasty taste in my mouth to be honest
Seems to happen all to often