One last Optibiotix push

Something is severely wrong with the market. I expressed disbelief that following the signing of a 3-year supply contract for LP_LDL^® with HLH Biopharma, the share price of OPTI:Optibiotix had dropped back below 70p.

Yesterday it dropped further.

It's crazy!!

OPTI:Optibiotix are in contract negotiations with other potential LP_LDL^® suppliers after interest from 30 companies at the recent Vitafoods event. Each contract signed will be the equivalent of free money - the expenditure has been completed on the R&D and a manufacturer has been appointed - who will also be paying 50% of their proceeds to OPTI:Optibiotix.

All this is just for LP_LDL^®, and given the news time granted to a potential cholesterol-reducing injection yesterday (not available for 5 years), the fact OPTI:Optibiotix have something ready to market now that does exactly that, should be another signal of the potential revenues.

Add to that Slimbiome sales just kicking off, promised free shares in SBTX:SkinBiotherapeutics and the launch of Sweetbiotix in late 2017 to early 2018, as well as a platform designed to discover further applications for the microbiome, and the short, medium and long term potential is just staggering.

I've got a standing order for £200 a month going into a savings account. It's meant to be for emergencies or paying for holidays. I decided last night to divert it for 12 months in order to take advantage of the market insanity around OPTI:Opibiotix.

I took out a 12 month loan for £2,250 paying off at just under £200 a month and cancelled my savings standing order. This will cost me £167 interest over the year. I expect to make that back within a week when the market corrects.

This morning I bought 3,393 OPTI:Optibiotix shares at a ridiculous 66.7p costing £2,275.08.

That takes my total holding to 26,650 costing £19,175.37 and comprising exactly 30% of my portfolio. The average price per share is 72p after buying a big chunk of my holding at 90p and averaging that down over the last 18 months.

With the bid price at 65.5p I'm sitting on a £1,755.46 loss. I really, really wish I'd only just discovered this share!!

OPTI:Optibiotix is my Nemesis Share by a wide margin. The nearest contender is KIBO:Kibo Mining losing £979.89.

I am absolutely convinced it will come good, and I feel it will come good very soon. The hard work has been done, the contracts are being negotiated, the CEO is brilliant and genuinely cares about his shareholders, the science is tested and written up in respected journals, the potential market is global and gigantic, the long-term model is low cost and high margin and the strains are protected by IP.

Maybe I'm writing all this to convince myself I've just done the right thing? I have broken the fundamental 10% rule twice in taking my holding to 30% of my portfolio. Maybe I'm missing something? If I am then I'm an idiot. If not, then now I just need to sit back and watch the story unfold...