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Well, I’ve started putting any profit I make in my trading into this again. Admittedly this will be a fair time before there are meaningful gains, but I’ll get plenty just in case it turns around. A risk worth taking for me personally.
No I'm with you vp as I said before were now 18 months 2 years behind where I thought we would be gonna buy some more when funds allow in for the long haul
I maybe wrong on some things but I've constantly called it right on chll (it's a pity really that I don't short as I could have made a killing here) including the price paid for the chill.com domain name unlike your laughable "Sorry Antha you’re miles out from on this one, domain names are one of the fastest growing entity out there" which you obviously have no idea about apart from reading a random article, lol.
Sorry gallini my humble apologizes, you are indeed correct, from the second to last rns it states "the Company will have paid a total of $1,600,000 for the Chill.com domain"
So I was nearly right £1.275M at today's exchange rate, I personally think they paid slightly over the price.
Not to myself, I must read rns's more carefully.
gallini, no the actual purchase price has never been stated. In the placing rns you mentioned the £3.5M raised went towards "This will include establishing programmes that will enable the Company to sell its products directly to retailers, investment in sales support programmes with a view to improving sell-through rates, and settlement of the outstanding balance owed in respect of purchasing the Chill.com web domain".
I forgot to add that some of those contacts are quite well known domain resellers and having discussed chill.com with them £1M seems to be about the accepted ballpark figure, of course there's nothing stopping the bod from paying well over the odds in order to acquire the domain name, hopefully the full price will be revealed in the accounts at some point.
I thought the last RNS stated how much they paid for it
Vp, as I've said previously I used to buy & sell .com domain names (for myself and clients) for well over a decade from the late 90's onwards and I still keep an eye on sold price and occasionally in touch with my old contacts in the industry, I can assure you as chill.com was bought with no ongoing generated revenue i.e. (just a parking page) then the perceived value was based purely on the name itself (there is a certain industry standard methodology to ascertain that price) and as such I would be amazed if they paid over £1M for it.
It's Main Market but I get what you're saying.
They should have concentrated on selling online from day one rather than stating they were planning to sell in up to 10,000 stores which in my view was purely done to let certain entities exit at a higher price, still at least they now seem to be on the right path with hopefully organic growth and no future pump & dump which obviously a lot in the Telegram group bought in to last time.
No way on earth is the domain name chill.com worth £6-7M I would say less than £1M and even then it would have income attached.
I'm still waiting to buy in once it reaches a price I'm happy with and then I probably hold long term as I think the big swings are now gone.
Thanks Bellers.
Callum gave a very honest appraisal i think. Trouble is very AIM company needs a compelling story and CHILL does not have one at the moment.
The key takeaway from the Sunday Roast Interview ( i am surprised these two guys do not give him a harder time, considering one of them has been invested for over a year and has certainly lost money here was a that the Chill Brand domain name may be worth the £6-7 million market cap of the company and everything else is valued at zero. These are not my words but taken from the interview.
Its obvious that the whole retail strategy that most here originally invested in has now changed focus to an online company that will be built around their new domain name.
Callum expressed that he would rather have a handful of retail shops selling well, than 1000 s that were not - so I think we can now put the explosive growth strategy ( dream) to bed and prepare for a long, slow and probably tortuous unknown number of years ahead .....and IMO more money will certainly be needed again next year to keep the lights on.
CHILL we need a lot more money than the recent fund raise to compete seriously .
See if this works.
https://twitter.com/roastpr/status/1528346262071914502?s=21&t=K2S5YMvfN6lUiUg5O3oHsg