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Big thank you to Mike Edwards for taking the time to engage with some of the investor base on the TG group , nothing material released but a few points below
So what do we know
1. Skincare is dead and looking to be sold
2. Kingtide will not generate any income for probably 2024 or until the carbon market wakes up
3. Mike is not taking a Salary
4. I know nothing about AI 😂
5. We need a new forum and way to engage with Mike
6. £500k if that’s what we have left needs to last forever
7. AGM Soon
😂 well you have to laugh!
What a sham !
Well done day traders that made a buck!
Think you lol …. spelt out what we all been thinking !
A complete disgrace !
So this takes a dive tomorrow.
Mike Edwards has 20 years background in Technology.
Skin care products will be gone and revenue made from using their Cel Al company to get their revenue from retail partners hence other products recommended when you complete their skin care advice on Cbx.
: Cel’s next-gen AI technology
Our tailored recommendations use proprietary AI to understand each user's unique beauty profile, skin type, lifestyle and preferences to surface products they are highly likely to love and buy. This translates to increased basket sizes and revenue for our retail partners.
Remember the digestibles? Hard to swallow that they didn’t understand the legal issues. Being restricted on social media for advertising CBD products ? Don’t worry, we’ll take on the giants. Competing in a crowded market for skincare? L’Oréal are so behind the curve. They promised a sports related range of products. Recovery was it called? But no sign of David to help pull it out of the bag in the ninetieth minute. Petcare products? Zilch, the cat was out the bag with that one. Just hype with no substance. And not even good hype at that. The worst was the name itself - Cellular Goods. I mean who thought that up? They didn’t need to call the products that name. Total shambles. And as for carbon capture seaweed, don’t hold your breath. That was simply handing money to a pal. Shocking abuse of shareholders .
Should there be an RNS out for this material change in the company?
Eventually yes….. did announce new Director and shares purchased……. Can only announce what they have been told I guess.
So disgusting that share holders know nothing , David Beckham made 5 million floating Cbx on stock market ! So yes where is he now lol.
Days to come all will be revealed …. Guess we have to face facts company is a piece of S…!
Would like to get some of my money back so let’s hope for a miracle!
tbtb- i’ve been here from day one like you and enough is enough.
we actually have no business model anymore , no revenue to be generated in the short to medium term.
kingtide - no revenue due this year , which is the opposite that darcy was communicating all last year
skincare - fire sale
we are just a shell now ready for the amalgamation of the other businesses that are in the pioneer umbrella group.
below is the letter that a well known journalist sent to the fca regarding cbx
https://xxx****/cellulargoodscbx/11277
Have just sent an email to Cellular Goods!
Won’t hold my breath for a reply
Asked for update from Mike
Bullet points as to what is happening ,
Disgusting behaviour from the Company
Btw. Think David got out ages ago if ! he had any sense he wouldn’t want this Company hanging on his name
Here is what he said yesterday , he was very accommodating to the group and also very honest and clear
1. Skincare range is aggressively being discounted to see if the lack of sales is due to price ( the use by dates are coming up in some of them so they need to clear )
2. No more products to be launched as it has been a failure so why throw more money at the product group
3. Mike is not taking a salary but we didn’t ask if he was charging consulting fees ( we are waiting for a reply on this )
4. Kingtide will not be generating any income this financial year
5. The carbon market is in correction so best wait until we can capitalise at the lowest cost
6. The future of the business is AI and he is confident that they have a big enough mailing list to delivering sales
7. Looking for an exit strategy for skin care is somebody comes along and wants to buy
8. We have enough capital to run AI for the transition period if we keep costs under control
As Tom Winnifrith said in his letter to the FCA this is a material change of business and asked if a new prospectus should be applied.
For me being a LTH it is sad that it’s over but time moves on and they still have a LSE listing to play with , if we know anything it’s that these people know how to make money , whether it’s from raising capital on IPOs and taking salaries from that or from delivering sustainable businesses which deliver financial metrics and deliver shareholder value.
My opinion for what it’s worth is that this is just a shell now and maybe worth a punt in day trades as it swings aggressively but as an investment it is over
My apologies to those who I have disagreed with over the last 3 years who told us this would happen but you live and learn
Thank you for that ,nice and clear ! 😊
Thanks for all the info this morning.
I would say the prices of the products were RIDICULOUS.
I'm happy that Mike Edwards has taken control, he wouldn't have done so (and bought 10m shares in the process) unless he intends to add value. At 0.5p I might as well sit tight and see what he does. A few weeks ago we were at 0.25p and it was looking like curtains. So I feel a whole lot better,
Does anyone know Mike's e-mail address at old CG?
This is investor relations if that helps
ir@cellular-goods.com