Friday, 17 April 2020
OptiBiotix Health plc (OPTI), a life sciences business developing compounds to tackle obesity, high cholesterol, diabetes, announces that the Company has raised £1.0 million through the issue of 2,500,000 new ordinary shares of 2 pence each, this followed a 10p sell-off on low volume as MM's do what they do best, feed off the lemmings.
The apparent discount at 40p per share is nothing more than a trick of time—the 55-minute podcast with group CEO. Stephen O'Hara explains his logic for a keep the lights on placing...It is not a keep the lights on placing, it is not a spoof, it is about a rapid build-up of the business at an opportune, if not what will prove to be a very pivotal moment for the business.
There is a long list of product expansion across 70 countries that need large-scale production and stocking, capital is needed to expand at pace and maintain a healthy cash balance to make sure the company is well-positioned to build more inventory for future agreements yet to be completed.
Investors need to be mindful the bulk of revenues receipts do not arrive until H2. This will balance out as more partners come on stream.
Listen to today's podcast for an expansive overview of where the company is now when future events. The clues are there, you just need to pay attention.
If there is a criticism, it is a small dilution of c3% should have been nearer 9% to feed the demand and increase expansion.
There are a couple of highlights you should listen for, which are very significant in terms of revenues rocketing in the next few months:
1: 2 mins into the interview Stephen O'Hara discusses two separate examples of what could develop if current negotiations come to fruition. In both cases, he uses H&B as an example of the scale of the opportunity. OptiPharma is calculated to be worth 10 x £3-5m pa H&B and other deals worth 30 to 40 times that of H&B. He then goes on to retail prospects in USA, India and China, again, with the usual caveats.
2: 26 mins in Stephen O'Hara discusses the USA., retail product being shipped. He can't announce because they have not given a date for the launch. So, it has been confirmed. If my memory serves me correctly; 20 tons of SlimBiome has been shipped to the as-yet TBC retailer.
You can listen to the interview is via SOUNDCLOUD.