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BREAKING: Skinbiotherapeutics placing: Ashman’s the name, pumping & dilution’s the game

By Tom Winnifrith, the Sheriff of AIM | Friday 2 August 2024


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


The trading statement earlier this week insisted that Skinbiotherapeutics (SBTX) had cash until Q1 2025,but that revenues from Croda would flow before Christmas and would add to that and that it had a standby debt facility of £500,000 in place and that it could do a debt funded acquisition that would generate cash from day 1. So, there was no need for a placing. That was just the talk of scaremongering motherfuckers like yours truly.
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