Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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Same here. Holding what I have left, in the forlorn hope this dog will one start rising again.
It’s a simple decision for me! They are not having anymore of my money, given the current cash burn rate and forever reducing cash runway time. Averaging down won’t work, as you will incur further losses as soon as they issue further shares to raise cash and we all end up diluted even further.
For what it is worth, I have averaged down here but have not gambled anything further for quite some time and will not consider doing so until Crescita invests more capital. Even then, it will be a tricky decision.
Hi Guys,
Feeling your pain but nowhere near your levels. I took a punt at 8.675p with £1k I could lose based on a Motley Fools post (how useless they were as they said it could go to £1????) so am now down by £928.96 :-( . Question is should I punt another £1k and if it hits 1.2p would break even? Not happy at all with MF and will probably never listen to them again.
Silly old me.
I thought the six month timescale incorporated into the terms of the 30.03.22 d/d had long since expired?
Same. Invested 40k at a price I thought was 2p. I went into hospital on the day the sale went through. The same day the shares rocketed to 12p. Came out of hospital and lost 98% and still falling. Bye bye 40k Gutted - live and learn.
Website appears to be up and running but seems to be an issue with the google search?
https://cloudbreakdiscovery.com
I wish! I am 92.86% down on my original investment. Surely, it’s going to disappear completely soon, given the rate at which cash is siphoned off for so called Consultancy services by Kyler and friends!
well I have 38k tied up in these approx 2.8million shares worth now 13k i have no choice but to stay put and hope we have some news soon
Thought about selling up yesterday but, in view of the fact this stake was originally very much of a gamble, I decided
to leave the chips on the table.
Anyone managed to access their website?
Added another year until I can retire this dog of a share…..hope others are doing better than me
Not happy.
12.86% down as we speak. Does the market know something that we don’t!
I was on the website the other day and no authorisation required then, so yes, very concerning.
That is how he gets access to our money and pays himself handsomely, via a Consultancy company! How else can he take cash out of a failing venture, which this is very much proving to be. Also, don’t forget his last purchase of shares last year was at 3p, so he needs to make up his losses, poor man! Never mind the rest of us, not his concern obviously!
It appears they need you to sign in to access their website?
Authorisation required by Cloudbreak Discovery.
I have not seen this before .
However, I am not a frequent viewer of their site.
Cause for concern ??
Cloudbreak's website seems to have gone offline
Also, spotted this in their interims
"During the six-month period up to December 2022, the Group paid Cronin Services £424,573 for the provision of consulting and management services during the year (2021: 488,484) a company controlled by the CEO, Kyler Hardy. These were in relation to consultancy fees under a management service agreement dated 1 February 2020 and 1 June 2021. The amount outstanding owing to Cronin Services at the period-end was £638,275 (2021: £750,184). "
Punchy
Interesting article on the project generating model:
https://www.google.com/amp/s/investingnews.com/amp/prospect-generator-model-resource-exploration-2655262439
Yes, but the 27.01.2023 d/d was an event after the reporting date.
Hopefully there won't be any drawbacks any time soon. According to the results, they raised £500,000 in first half of the previous financial period, and also received a royalty payment from G2. I'm hoping this is enough cash to move forward with their projects, and no further draw downs are required.
The last d/d was on 27.01.2023.
I would imagine a further d/d will be required in the near future?
Would you grant a further tranche?
If and when any additional cash is forthcoming, I shall take a gamble and top up. But, not before.
This is not a recommendation, just a roll of the dice.
Lets see.
Unbelievable , I can honestly say as a long term share investor in many diverse companies,This is by far the worst investment I have ever made.
88% down in a year what a disaster!!!
Absolutely gutted with this, another 6.60% down this morning! Will it ever stop falling for one day, just to give us a break???
The results didn’t inspire much confidence, hence the market is very unforgiving this morning!
Financial results posted:
https://www.proactiveinvestors.com/companies/news/1010858/cloudbreak-discovery-reports-on-transformational-period-in-first-half-results-1010858.html