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Amran - agreed it’s nativity on part of the company to saying we are above IPO price as some sort of achievement. My sympathies for you as you have so much capital already locked in here. Chin up, I am sure there will be a bull run here, hopefully from these levels and not any lower.
Being down on the company won't help things. We need to remain positive. I am sure Cellular will soon be making their presence felt. The SP has dropped I know, but I for one would feel a lot happier reading positive and upbeat comments, it will make everyone feel better.
I know there were IIs happy to pay up to 50p at launch...**** up with the primary bid shares hitting shareholders accounts as the price was declining led to pis selling off early....something the SP has never recovered from add to the that a distressed sale by a significant shareholder a delay and we are where we are today....underneath all of this though I still believe that this product, the BOD and the influence of some of the significant shareholders is more than enough for us to see that 50p-£1 SP
I agree. A lot of people now would be grateful to just break even. They have really let the PI’s down and they want us to be grateful that we are above Pre IPO price of 5p. They have lost a lot of trust of the PI’s and people will take what they say with a punch of salt going forward.
It’s one thing developing products and being technicians, but it’s a another thing running a business and building it from the bottom up. They could have easily got the sp up to 50p - £1 range if they managed the business well and were open about their strategy.
Guys I feel your pain the company hasn't been so transparent and not keeping shareholders informed after delays isn't really convincing, we can either hold and believe the fundamentals haven't changed and will take 6 months longer to gain any profits, sell at a loss and invest in other companies, try and gain your losses or top up, lower average as shares are on sale.
I don’t blame you Wolfo. I would cut my losses but I’m just not prepared to take the loss. It’s a shame as now most PI’s are hoping to break even and get out. This will neutralise any SP rises in the future as and when news does eventually drop.
I’ve come out of the this for the time being with a small-ish loss with a view to re-entering once things have moved along a bit. For me December is not a good time to launch and realistically I think it’s needs to be in spring now as January is a difficult month for many financially after Xmas. Sept/Oct was the opportune moment.
It’s disappointing as I thought buying at end of June was a decent entry point before launch. I don’t feel I can justify the opportunity cost if staying in at the moment.
I’ve been topping up every month to lower my average. But this keeps going to all time low. Not here to trade as it’s a bit late to do that here now. Patience hasn’t been rewarded here and the company spin isn’t flying with the market or holders anymore.
Elsi - ok they are delayed, but they should have been transparent with shareholders about it. I know they are doing great work behind the scenes, but if the company wasn’t ready to go public (IPO) and get scrutiny for the decision they make then they shouldn’t have done that.
Just topped again and was checking the trades, there are a lot buys so why the drop in price ? I’ll never understand the stock market , I thought lots of buys put the price up and sells reduced , very confused ??
Amran, all businesses are struggling at the moment. We’re still in the grip of a global pandemic, shortages everywhere, distribution disrupted, here in the UK supermarkets are having problems putting food on their shelves - god knows what impact fledgling companies like CG are experiencing.
Agreed, their lack of communication is worrying but no news is good news as far as I’m concerned. I’m waiting to recover my losses too, no one’s a loser unless you sell your position at a loss. Simple.
They are delayed, I’m not surprised considering what’s going on in the world at the moment. Cut them some slack, January is the time to start making decisions about what you want to do about your investment.
We have been “watching this space” for 7 months now and they have produced / delivered zero. Bottom line is, this is about money, profits and shareholder value. Time for all shareholders to make them answer why they slid the delay under the carpet
Delboy, they said final stages in May RNS. People losing bucket loads every day here. Today is again another 52 week low. If they don’t deliver before December our share price could possibly break below 5p.
I love the fact that Amran keeps telling CG where they are going wrong! I can't help feeling they might be more productive, if they didn't wake up to an e-mail or voice mail from him, which they have to respond politely to - before it gets regurgitated on this forum.
PR to date has ben pretty pathetic...however I don't really see that in the medium term that makes a difference to the potential here. We live in a fickle world, a good RNS a bit of spin from DB enterprises and a sprinkle of some Peter Wall magic dust and this will fly. Timing is everything and I think the CBX PR machine is just about to start up. I've sold other stock and bought a lot more CBX on this mornings drop GLA
Mumbo, the problem is that the company didn’t mind the hype at the start and then they didn’t live up to their own hype and went all silent. Building a business requires marketing, business management, PR and all the rest. Not just an odd tweet here and there or a AMA. CG doesn’t even have thousands of followers. How do they plan on doing all that? A new website sadly isn’t going to cut it from here on. Bit too late for that. I have told the company they have missed a window of opportunity and I hope this damage is not long term. We got sold a hype that didn’t live up to it yet. No good news will lift this up materially unless they announce a major contract to supply their goods to someone. I can’t see that happening either from here on. CG handled this badly and no one cares about their December launch anymore. It’s not even talked about apart from on here. The only tweet I see every day about CBX is it’s new 52 week low price.
Small punt at 20+ On first day of trading and it’s been downhill ever since.
Need products and concerted PR for sentiment to return. I can afford to write this off if I have to but I have a feeling that this will have a bull run at some point at the end of this year or early next year. The question is from what base…. 5, 3, 2 or 1p. I plan to bring the average down and take second punt at some point. Hopefully better luck next time round.