Skinbiotherapeutics Share Discussion Threads

[lovewinshatelosses] 18/3/2021 16:41

I said a long time ago how I really hoped that an II would take a big chunk of stock from OPTI, as I felt their ownership (and selling down, particularly at rock bottom prices) was a serious drag on SBTX and kept us in a low range for ages.
The lock in was something that finally meant the brakes were able to come off, IMO. Whether or not SBTX were relaxed about this move is neither here nor there - it surely will have an impact on future perceptions of such agreements in the wider market, or will it not? Does anyone know if this happens a lot? Genuine question. I do not know.
As an OPTI holder, I am glad they sold some stock for a more reasonable price, although I would rather they had done so at the earliest opportunity within the agreed time-frame. Glad to hear that the appetite for shares was so strong of course, but that is beside the point.
Anyway, what is done is done. GLA.

[manc10] 18/3/2021 16:26

i like the words more opportunity than capacity those words from soh says it all now chill and enjoy sbtx

[madaboutmed] 18/3/2021 16:21

I am neither naive not emotional. I received an email too. The one thing it didn't explain was why he needed to sell at all! Just because someone has a different opinion it doesn't mean they are wrong.

[eeza] 18/3/2021 16:19

No.

But it makes the point of lock-ins irrelevant.

Why would anyone take any notice of lock-ins in the future if they can be broken at will.


Totally farcical.

But hey?

[trotterstrading] 18/3/2021 16:14

The lock in is between 3 parties. OPTI, SBTX and Cenkos. It's bloody obvious OPTI sale came with the blessing of the other two parties else it would not have been rubber stamped.I don't know let's me have a guess.. perhaps Tyndall wanted more stock and SA thought is would be a good idea to approach OPTI, as they hold such a massive wedge of stock (not a bad thing if you're a CEO to reduce the power and influence of a single holder). Hey presto you have an amicable situation which suits all parties.It ain't rocket science guys

[slartybartfaster] 18/3/2021 16:13

Mad, you cone across as a naive emotional investor. I suggest you subscribe to lemming. I got a reassuring email within an hour of the tr1. It explains the move some of us knew but needed confirmation instead if guessing.

[slartybartfaster] 18/3/2021 15:47

Some people are just stupid.

[slartybartfaster] 18/3/2021 15:46

You should know by now, PJ. You're in our mate, right?

[slartybartfaster] 18/3/2021 15:45

Elrico is on the ball. Very good brief update just arrived in my in box.

[eeza] 18/3/2021 15:37

And next time they tell you that there is a lock-in?

[belgrano2] 18/3/2021 15:36

Clearly SBTX has received new institutional interest, sounds like the brokers are indeed desperate looking for stock , not just to satisfy smaller investors but larger players as well.
Why OPTI agreed to release some stock (after talking to partners), and Seneca increased its offloading to help satisfy that demand as well.

If they hadn't price might have been much higher now.

Its actually a really good sign that more players want SBTX stock.

Good chance of further increases.

[manc10] 18/3/2021 15:26

its for working capital and how is it a placing he has sold a few shares the last one he did was to supply optipharm

[pj 1] 18/3/2021 15:17

How can anyone say its a good move before we know what the funds are for?

They have already placed twice to support Growth.

[glennrcharles] 18/3/2021 15:12

Why say they are short of cash? More likely they require another couple of tons of juice for the bubbly.

[manc10] 18/3/2021 15:06

i wonder if its to ramp up slimbiome in china or sweetbiotix very exiting opti starting to boss it for working capital

[primal123] 18/3/2021 15:04

Exactly TT! A good move from Opti!

[eeza] 18/3/2021 14:59

The credibilty of Lock-ins, and the rules surrounding them, is in serious doubt.

Why would you ever again believe a lock-in to be a 'lock-in'.


Ashman & O'Hara have turned it into a complete nonsense.

[madaboutmed] 18/3/2021 14:53

I would not believe a word. How long have OPTI been in business? It appears they cannot manage cash. Sales are always significantly lower than forecast or talked about. They clearly need cash fast to have broken a lock-in. Their credibility is now in serious doubt

[trotterstrading] 18/3/2021 14:51

One of the biggest criticisms levelled at OPTI is not raising cash to accelerate growth when the share price was north of £1! It was a mistake that has set OPTI back 18Months or more IMO. Selling a few SBTX now while the share price 500% above IPO is completely sensible

[madaboutmed] 18/3/2021 14:45

I agree. OPTI have broken a lock-in to sell a tiny slice of their holding. That is what tells me they need the cash fast.

[manc10] 18/3/2021 14:44

mad lol with out ohara there would be no sbtx remember that if an opportunity arises you take it end of

[eeza] 18/3/2021 14:41

When is a lock-in not a lock-in?

Lol !!!!

No point to agreeing to a lock-in if it is not enforced. It becomes a farce.

[manc10] 18/3/2021 14:41

about time he took some off the table at a decent price i wonder what its for after all med opti do own the shares i would suggest working capital

[primal123] 18/3/2021 14:39

As if you watched the presentation you will have seen that SOH said there is more demand than capacity, I am sure we will find out soon enough!

[madaboutmed] 18/3/2021 14:37

I agree. The TR1 issue shows that this has already happened. People panic selling thinking OPTI will dump more. They clearly won't and judging by the RNS they wouldn't be allowed to.