Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. 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.
On 29 November Optibiotix (OPTI) stated: "OptiBiotix reports that it has reached late stage commercial discussions with six commercial partners across its technology and product platforms.". The knockers said "jam tomorrow won't happen". This week the first of the six deals was announced and it is massive. More will follow as Adam Reynolds made clear yesterday exclusively HERE. The news is:
OptiBiotix Health plc announces that it has entered into a joint development agreement (the "Agreement") with a multinational. The Agreement allows for the development of food and Over The Counter ("OTC") products containing OptiBiotix's SlimBiome® technology for the Asian market. The multinational is a major supplier of nutritional solutions to the food, beverage, nutraceutical and pharmaceutical industries within Asia, and increasingly across global markets.
The aim of the Agreement is to develop weight management products containing SlimBiome® technology in a range of foods and OTC products which, if successful, will be launched into the Asian market in the second half of 2017. The Company requires its identity and commercial details to remain confidential and no further details can be disclosed at this time.
The word on the street is that the partner is India super multinational Tata. India has a worse problem than lardbucket UK with diabetes and obesity is a real issue. This deal alone could generate enough cash to make Optibiotix shares look cheap and there are more deals like this that will be announced soon. And that will drive a massive re-rate.
The shares are 64p offer and a buy at up to 80p with a target to sell of 100p+ as the market starts to digest (pun, geddit?) how big this news is.
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