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Excellent Questions BB2. Well done for making the effort.
Blue,
Correct. My Letter of Representation (from A J Bell) has been sent (within timescales) to Buchanan and Ariada has duly acknowledged receipt and stated log in details will be sent on Tuesday. In addition, all questions have been sent to Buchanan (within timescales) and receipt acknowledged by George who has stated they will be passed to CHLL.
BB2
Gteat questions Billy Boy. I would certainly like to hear the responses. They can't keep quiet for much longer regarding sales.
You have to own shares in a company to ask questions at its GM.. :0)
Good questions Billy
Afternoon,
Just for completeness, I have added four further questions to be asked at next weeks GM;
12. In the 29th July RNS, it was stated “ The Group's rollout of Chill-branded CBD tobacco alternative product continues with speed and scale” and “The expansion is set to accelerate in the coming months and the Group looks forward to updating the market accordingly”. Accordingly, as per question 8, could you please update us as to the current Store Count in the US.
13. In the 1st July RNS, it was stated “ The 'Chill' brand has enjoyed significant pre-launch interest in the UK, and the Company looks forward to reporting on its performance in the future”. Accordingly, could you please update us on the performance of the Chill brand in the UK.
14. In the RNS dated 15th Feb, it was stated “As previously announced, the Group has signed a number of distribution agreements with the potential to facilitate the distribution of the Group's Chill products across 17 distinct European markets. The Group is committed to ensuring proper compliance across each of these jurisdictions, and is working closely with its legal advisers to drive a compliant and driven rollout into the wider European market. The Group will provide a further update as these matters progress”. Could you update us as regards this.
15. In the RNS dated, 15Tth Feb, it was sated “Further to the Group's interim results issued on 28 January 2021, the Group is pleased to announce that it has now executed an agreement with a prominent retail partner in the UK. This milestone agreement has the potential to facilitate a large-scale rollout across some of the UK's most recognised high street brands, granting the Group further exposure to this rapidly growing market. This contract is conditional on Zoetic achieving Food Standards Agency ('FSA') Novel Foods authorisation for its CBD product range. The Group is pleased to announce that progress has been made on this front, and the application for authorisation has now been submitted in accordance with FSA guidance. Zoetic looks forward to updating the market in due course on this matter”. Could you please update us as regards this.
I can confirm that all 15 questions have been submitted to the appropriate channel (chillbrands@buchanan.uk.com), as per 29th Sept RNS, within the stated timescale of 4pm BST on Friday 22nd October. I trust that (as per 29th Sept RNS) "At the GM, the Board will endeavour to answer any questions so submitted".
BB2
BB2, excellent set of questions. No wriggle room there. :-)
Good questions BB2, especially 4 and 5 which in my opinion are the main reasons for the SP drop.... I hope they answer them well.
Morning,
These are the questions that I requested to be asked at next weeks GM;
1. The 2021 Account states that the average number of staff was 2 (2020; 23). Please explain how a global business can be built with just two staff members.
2. Please explain why the cost of sales for year ending 2021 was £41k more than revenue (It has previously been stated the gross margin is approx. 30%).
3. In 17th May RNS, it was stated “Following receipt of the orders outlined above, the Group is trading profitably”. Can you please confirm that CHLL are currently trading profitably.
4. In 17th May RNS, it was stated “the Group intends to report on its sales on a quarterly basis”. Do you honestly feel that the “Business Update” dated 1st July was an appropriate quarterly report on sales?
5. In 17th May RNS, it was stated “the Group intends to report on its sales on a quarterly basis”. When will the quarterly sales report for period 1st July to 30th September be released?
6. Why has the Company Presentation titled “Established, Revenue-Generating and Primed for Large-Scale US Growth” not been made available to all shareholders (via Company website)?
7. Are the Chill Brand Store Count Projections (on page 11 of the above Company Presentation) still applicable.
8. In the 17th May RNS, It was stated “ We look forward to updating the market further when we report our full year results in July”. The results published on 29th September (rather than July) did not provide an update on “post period trading”. Could you please provide an update on current trading and current store count numbers, (as promised on 17th May).
9. In 9th March RNS, Trevor Taylor, Co-CEO of Zoetic, said: "We are thrilled to have found an ideal financial partner in LDA Capital”. On 4th May this financing agreement was cancelled with a termination fee of £1,200,000. Please explain why LDA Capital were initially deemed an “ideal financial partner” but subsequently it cost the Company £1.2m to terminate this agreement.
10. Please confirm how much the Co paid for the domain name Chill.com.
11. Please explain the thinking of releasing the Preliminary Results RNS on 31st August at 18.25pm. The timing of this, in my opinion, did not send out a positive message to the Market.
BB2