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It certainly is a gamble from here on in. New websites looking sharp though so hopefully that will draw some attention? Who knows!
Potential - Throw a number in the air.
It has the potential to be 0.00p+, that’s how I am taking this gamble.
Interesting development. What do you reckon it's sp potential is?
Hi R1bobuk,
Fair point. I should have been clearer.
Re money in the bank. CBX plan to spend just over £8m in the first 2 years, of which approximately £2.6m is for marketing. If they are good at targeting likely customers, then they can probably do the marketing at a much lower cost nowadays, instead of the old fashioned expensive routes.
Hi R1bobuk,
As I have said before, I doubt the SP will drop much further because the majority of shares are held by larger investors, those who were/are tied in. If that wasn't the case, I think closer to 2p would be more realistic.
Sure, the SP could double fairly quickly on news and hype, but it will head back down again if the product doesn't fly off the shelves, so to speak. For me, it is all down to the paying customers. If they aren't interested, then CBX are in trouble and it won't matter who is involved, celebrity or not. You can't force people to buy the stuff. That's my big concern. I am not convinced that enough people will but the stuff and repeat buy it, especially if the products sell at a premium prices.
I kept buying PFC on the way down to 100 as it continued & went to 90 now go & look at it today hitting 170! Great news here is the multiplier on the upside is potentially huge here on such lows
Re -R1bobuk - "you have been periodically making negative comments here for quite a number of months now."
I make realistic comments, not spout nonsense like some others on here. Filter me if you don't want to read it.
CBX are doing what they said they would do, maybe a bit slower than they had planned, but there has been a lockdown to contend with. Who says I am not invested? You have no idea.
I hope the company succeeds, but it is definitely a risky investment and it doesn't help with some of the tripe on here ( not saying it is from you) and constant whinging because the SP isn't rocketing. There is no reason why the SP will change much over the next year. The company has no revenue, never mind any actual profit. Sadly, some investors got carried away by the hype, but they don't have to constantly whine because the SP isn't hitting the levels they need to bail out. The SP isn't going to move much for a long time. The only reason it isn't plummeting more is because the bulk of the shares are held by the larger investors and they were locked in. There is little point in them selling just now.
There seems to be a belief from some posters that it's inconceivable to see the SP drop below the IPO level.
However there is nothing to prevent that and 5p is NOT some sort of safety net that cannot be breached.
I know there are posters here that have been badgering the BOD to provide updates but the company will release news when they have worthwhile news to release and until they do it's hard to see any reason for the SP to rise.
As has been stated there is unlikely to be any sales of quantity this year (if at all) and the company is unlikely to be generating operating profits until 2023.
If the SP does breach 5p then I would imagine there would be a lot of people bailing as a psychological barrier will have been broken.
Chartists may be able to enlighten us with resistance points but something of substance needs to happen to stop this SP erosion
I think around the 2p level, or close to that.
Until the general public start buying the products on a regular basis and the company actually starts to make any money, then why would it be any higher? It's bizarre that some people think the SP should be anywhere near 50p or £1. That this company should have a market cap of between 1/4 to 1/2 of a billion pounds on the basis that they actually launch some products, like doing so is something new and radical. Some people on here are seriously deluded.
I hope Im wrong but I can see the 5p IPO launch price, coming very soon!
What’s the lowest this can go in peoples opinions before we start to see a rise?