Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Bigger picture think is considering the thousands of pressures from outside this share which affect it's price and is completely out of the control of the employees of the company.
Covid, inflation, Brexit, supply chains, customer sentiment, regulatory boards, forex exchange. Pick any one of those and you can drill down into how it affects this share.
It's not just all based on how the board performs. They could perform perfectly and still fail.
What I think leads to the comparison against other CBD is looking at CBX financials and realising you have nothing to actually compare it to, so you go for the nearest thing. Makes total sense but do not mistake that for being the same.
The only thing at this stage that can be gained from looking at CBX financials is 'have they managed the finances they have well?'. Yes or no and move on
Quick point, if someone lists CBX as a competitor that shares the same market with Kanabo, Love hemp, chill etc. it shows basic lack in understanding of the CBX lead product (skin care) which has nothing or at least very little to do with the listed competitors offerings and their market.
It doesn't mean that CBX product will do great straightaway, I'm simply pointing out that before someone invest in a company it is worth to learn about it first.
And a bit of advice for those that want to make certain money, stay away from the stock market, get a second job, work overtime etc.
I think outside influences have a big part to play in downtrend of CBD
CBX long term is a gamble no 2 ways about it and it has its challenges.
Why choose it? For me =Consistency in good products
Put all your money in it? No way
New CBD companies have been well received generally speaking, I just think CBX is better
Not expecting any real signs of significant movement up long term til around Oct/Nov when first news of patent applied is received.
This is in my opinion a minimum 3 year hold, it can go either way up til then.
Shop around in different sectors if you want shorter term returns and at least use the safety of larger caps
I could understand if you only picked one share of a CBD -company and see it as a casino gamble. But why only choose this high risk, over hyped and under delivering market. Why not spread the risk and pick a few safer bets? Why put all your eggs in one basket?
CBD is delivering nowhere
Cupid
That is the best post on this board this year
brilliant
My strategy will be to put much smaller amounts in said companies. Basically a gamble no different to a night at a casino.
At these low valuations, if one of them wins, then will be a good decision.
If they all fold, it’s been an expensive casino trip.
The above is as good as any strategy at the moment.
Stand back and look at the bigger picture around this stock & the CBD industry in general
Last year the CBD industry was sold to investors as the next ‘big thing’, get in on the ground floor, the next Amazon, Apple & Microsoft etc, all the usual PR nonsense, sprinkle a few celebrity endorsements from Sir Beckham and Bingo the private investors were hooked
Roll forward 18 months & the reality has not lived up to the dream, the products have been generally well received by the market but nowhere near the sales volume original forecast by the company in their IPO document
Most of the original management team have left the company, the largest shareholder has recently been selling their holding, & the regulators have not been kind to the industry in general,
The upcoming results will no doubt show the company is still loss-making & still burning through its cash reserves, which at some point will need to be replenished for the company to continue trading, in the current economic environment that could be challenging.
This issue is not unique to CBX, many other quoted company’s in this segment have suffered the same fate,
Chill brands share price last year traded over 100p per share is now 2.35p
OCTP floated at 5p now stands at 0.95p
Kanabo 30p last year now stands at 3.75p
Love hemp shares are now suspended
Be very careful on these boards who you take advice from, I myself held 1m shares in this company and sold out at 7p because of my research on this company & the industry in general
Others such as Ad-Meliora who is constantly promoting this company, by his own admission, owns no share at all
I do agree there will be winners that emerge from this industry, but at the moment I feel it is too much of a risk to take to pick one out