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It would be good, but I think it will be when he has some solid information such as seed sales, xmas sales figures, and more distribution contracts, but hopefully in the next 2-4 weeks anyway!?
Odds on an RNS Monday when the CEO is back on home soil?
Chesh - absolutely right, until that money is in the bank it’s purely speculation, what’s not speculation is to say - and supported by my previous post of financials provided from their recent RNS - that unless CBD imrpoves drastically, seed sales materialise or we receive funds in some other way such as a sale of assets. We will be out of cash by around June and need a placing/ fund raise.
To sum it up this is high risk high reward for investors, you could be rewarded if it comes good key words being ‘could’ and ‘if’, however if seed sales don’t materialise the share price is only heading one way and it’s not up.
I'm not seeing anything wrong with "sell some seeds", "Report back".
seems reasonable.............!
All the best ;)
So the answer is we ‘could’ sell some seeds. Report back when we ‘have’ sold some seeds. At the moment Nuba is right based on facts, end of discussion.
A new day dawns.... and as such I'll respond to your post now Nuba. I don't dispute the figures based on what we actually know now, but you know as well as I do that even modest seed sales will see the company right in short order. Some plonker on advfn was predicting a placing last autumn. Probably still up to it now. Do you know the three legged one ?
The sales of CBD products will increase over time even without new distribution deals as products become more known and are improved and the range of products increases. A whole raft of new items/flavours have just been/are being released right now. so i would expect those numbers to rise even without distribution deals.
The numbers do not include the major development of Mr Checkout distribution which should have a significant effect. Obviously, another deal for Chews will further that. You made some generalised revenue statement there that I do not agree with. it just suits your purpose.
The oil price has risen since RNS negating any well decline for the short term.
But the key things you do not mention are twofold. Firstly you re here, as ever, to make money. You can make money from this level or even more money if the SP drops and you can get in lower. This would be preferred for you of course. This leads to the second reason which is the warrants expiring March 31st. You failed to mention these I note. You will reply to this post claiming they are of no significance. Just you watch.
You know they are of very great significance and so do all that follow this share closely. They would give ZOE cash if used, but would increase the number of shares in issue from circa 150 to 175 million (so few shares compared to so many small companies!!). Their excise would not be the end of the world but I am sure shareholder Nick Tulloch would love them to remain unused.
So if NT does not absolutely need to RNS something for the next few weeks why would he. Some things are cut and dried and some things are more vague. We are not drilling holes in the ground here. Those plants look heavy with bud that will make seeds, fertilised female to female, the bashful virgins kept away from the naughty male sperm.
The seeds need checking once harvested to make absolutely sure....... the unused, unsold outdoor crop hangs in dry storage full of CBD. $$$
Have a nice day BH
What about facebook, tesla,....?
Feminise the seeds, germinate and grow a number of those seeds to test that you indeed have the right seeds to grow high CBD content feminised hemp, then ramp up production. Growing a full bay/bay's of hemp for seed before you have thoroughly tested the process would be insane... Now tell me what you see here?
https://twitter.com/Zoetic_cbd/status/1217757538889994240?s=19
So just for clarification, you are not disputing the facts stated from the RNS?
you forgot to mention the warrants matey....
Zoetic standing as of end September £1 million
+ performance bonds, refunds + DT LLC cash £190,000
So £1.2 million cash with these taken into account
Monthly Revenue
£100,000 HNR ED asset (although revenue from this is expected to be lower in the second half of the financial year as it will depreciate over time)
£10,000 per Month CBD venture (average taken includes the christmas sales, prior to this in a 7 week period its revenues were £9,000)
- £210,000 per month overheads (circa £2.5 million per year as announced)
unless the retail side picks up drastically in a short space of time which i find unlikely based on their progress after 8 months - and baring in mind the expansion of product lines does not equate to guaranteed revneue increases - we pretty much need these seeds to take off. Based on this companies track record, it is far from a sure thing. As someone also previously quoted the RNS im just adding the bits above from the same RNS and would further like to add the following quotes from the latest update RNS from Nick Tullock;
Seeds - "As I have said several times in recent months, we are dealing with a living organism and by altering its natural development there can be no guarantees"
CBD - "as our CBD operations expand, we should expect some cost increases primarily relating to the purchase of raw materials, manufacturing and higher headcount."
HNR - "the Company expects second half revenues to be lower in its natural resources division. "
The company - "the Group remains cash consuming overall"