The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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@andy - "The management team have previously operated that facility, bringing with them all the skills and abilities for Zoetic Organics to commence operations immediately." and we incentivized them with warrants also. if it helps look back to the march 19th RNS.
”the team running the show for us”.
Be aware that Nuba clearly has no investment in Zoe.
@PIface- There are tons of brands. I raised this point on the board not long ago. the markets saturated with everyone jumping on the bandwagon. trying to establish a brand amongth this with limited resources when already late to the party is tough. What doesn't help matters is the constant ramping on here, i have seen people like OSG banging on about CBD companies on the OTC listed int he hundreds of millions so once there we will fly but its just ridiculous assumptions. thats no different than claiming the same for HNR and comparing us to haliburton or BP several years ago. We are even seen the next wave of rampers claiming possible dividends by Q2 2020 its laughable.
the team running the show for us formerly DIstrict 8 management team were offered the chance to buy our gas and do this for themselves and they turned it down and we ended up hiring them and trying to do this ourselves. if it was such a shoo-in why did they turn the offer down? realistically we are a small company with very limited resources and available cash trying to push a brand that outside of HNR/Zoetic associated companies and shareholders nobody even know exists. I believe some new investors here got swept up in the rampathon pre OTC listing but reality is now setting in for some with others locking in those profits and bailing. the first few months of Zoetic sales amounted to £36,000 revenue, thats revenue not profit since then we have no update on sales but we are supposed to be valued at millions? again, laughable. most of this companies value and income right now is tied to HNR once that's gone we will be hemorrhaging money circa £2.5 million a year unless Zoetic starts to gain traction and bring in the profits and from what we know so far im not seeing this. Ill let the rampers keep shouting me down but most of what they discuss going forward is based on pure hope without any evidence to support it.
Must have been cheap if not stating the price. I got out 1hr after otc listing feeling like id been a little duped but wanted the learning experience. Glad i did wipe my face. But for LTH there is a story happening that may end very well just will take a while. This will be high quality product and maybe demand still exceeds supply. I didnt know if they are a bit late to the party but shall see. The fact seed to shelf already exists was another dent in my confidence eg stanley brothers who have a rebrander selling in my town in yorkshire. Maybe the medical demand might be the thing for the best grade stuff. Otherwise i see the retail price falling as supply grows and novelty wanes. Cbd oil just been featured in which magazine ans seems to work for anxiety etc. All the press is saying there are loads of brands already though.
Exercise of warrants