SkinBioTherapeutics is born

The long-awaited RNS from OPTI:Optibiotix arrived at lunchtime today.

SkinBioTherapeutics will IPO on AIM on 5th April.

There's no indication what this means for existing Optibiotix shareholders, but the hope is that proportionate shares will be allocated. I've accumulated 14,147 shares, so even a small percentage of that is going to be a decent slice.

There's also the possibility of existing shareholders being allocated an open offer, so it's a good job VEC:Vectura went almost into profit today, as I may need to sell those!

The potential markets for these skin products are huge. Cosmetic skin care is $121bn, health care acquired infections is $82bn and eczema $3.8bn.

 Offering a range of unique IP protected products in these areas will give the company a real edge.

The effect on the Optibiotix share price was wonderful to behold. A rise of 5p on the bid price to 83p generated an increase in paper profit of £707.35 to £833.52. That's from a £1,400 loss three weeks ago! Yippee!!

What amazes me is that some people were actually selling their shares - such madness is impossible to fathom.

The hope is that most sensible investors are way too scared to sell because they don't want to risk losing out on free shares in the new company, but others will be frantically trying to buy in, causing unspeakably wonderful things to happen to the share price.

This is a share that has tried my patience severely over the last 12 months, to the point of near despair, but the potential was too vast for me to do anything but accumulate more at ever cheaper prices, and shatter my 10% of portfolio limit rule. Today feels absolutely brilliant.

Or does it?

No, it bloody doesn't!!

Despite Optibiotix climbing by over £700, I'm £400 down on where I was yesterday!!

CAML:Central Asia Metals down 2.2%
CWR:Ceres Power down 4.7%
IQE:IQE down 8.2%
KIBO:Kibo Mining down 2.6%

Some of my biggest holdings posting losses and dragging the whole portfolio down

It appears IQE:IQE profits, although great, were inflated due to the pound slipping in value against the dollar. The share price tanked first thing as traders panicked. I wasn't on the ball enough to sell something so I could buy on the dip, but never mind. I'm hoping the panic is over and people see the amazing long term potential in this company.

What's rather painful about the 8.2% drop is that I sold BVM:Bushveld Minerals to top up "lower risk" IQE, and guess what - Bushveld are up 32% today - aaaaargh - why do I not learn to avoid looking at old shares! Having said that, I bought the IQE top-up at 47.1849p, and the offer price at the end of today was still 50.75p so it's only lost about a week's worth of gains and is still in healthy profit.

I still feel the need to mutter darkly about the injustices of the world. Giveth and taketh away and all that bollocks.

Even JLP:Jubilee Platinum dropped again today, despite a video being loaded on their website over the weekend clearly showing platinum concentrate production at Hernic.
Platinum concentrate video
Where's the RNS that we've been waiting for to cause lift-off??

So, as SkinBioTherapeutics is announced to the world, the roller coaster of investing continues to dish out mayhem and thrills...