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I hope you are right RKBeekeeper!
Research
I have been researching many CBD Companies and I did not know that you used to be called Sativa Wellness Group Inc.
I have gone through all your RNS’s on your website and dissected your Accounts.
There is no reason why your Company should be valued so low. It could be because you have an association with CBD (or had CBD) in Poland.
By divesting your CBD facility in Poland there is in my opinion a strong possibility that the Market will re-rate you as a Wellness Health Company.
You have received cash of £500,000 and a loan note for £1 million.
Some things I have gleaned about Clinics:
August 2021 Clinics 57
December 2021 Clinics 140 (including 40 in Superdrug)
March 2022 Clinics 180 (including partner clinics)
May 2022 Clinics 200+
August 2022 Clinics 235
October 2022 17 Allied Pharmacies Limited to join the Goodbody clinic network.
Some things I have gleaned about Revenue: Please see website and accounts.
12/08/21 6 Months Revenue £3.5 million
9/11/21 9 Months Revenue £9.9 million
31/12/21 12 Months Revenue £17 million
25/05/22 3 Months Revenue £5.2 million
19/08/22 6 Months Revenue £7.4 million
11/11/21 9 Months Revenue £9.29 million
Your Clinics have increased by about 157 in just one year. Your revenue is changing due to less Covid testing but with more blood testing I estimate your revenue will continue to increase.
By divesting your CBD Business, I believe you have a bright (should I say bloody) good future.
RKB
https://www.investegate.co.uk/goodbody-health-ltd--gdby-/rns/divestment-of-polish-cbd-operations/202212160700049181J/
Selling up on cbd.....
i think the same.
Never know before that GDBY now has the biggest blood testing network in the UK with their 80 locations. With this fact they should be part of this study.
I asked George about more details on the blood testing network topic and why they never shared this information with the stock market. From my perspective, it's a massive milestone for the company the market should know about.
https://www.bbc.co.uk/news/health-63331805?
at_medium=RSS&at_campaign=KARANGA
He referred to crossing paths soon with the NHS. I have previously posted this link. I think we will play a part in the trials
Same old drivel we've all heard before from other CEOs. No mention at all of the decimation of share holder value, or the massive dilutions that have left us all holding a fraction of the shares we held previously. All seems very rosey according to George. Try convincing LTH of that fact. This just irritates me now. Jam tomorrow.
Believe it when i see results.
Here here Sian. We were steamrolled into dilution twice, with that reverse takeover being one of the most idiotic business deals I've seen. Not an ounce of thought to PIs in all this. We have indeed been robbed. Sadly, there's no way back in this for the likes of me and you, it would have to become an international conglomerate akin to GSK!
Can’t even buy my weekly food shopping with my contribution I made with this company. 10k reduced to £92.
Geremy you have you have completely taken advantage of your shareholders. Used dilutions to line your own pockets.
Well done a scam pulled off!
Told You a while back, stinks of, Norton motorcycles.
Shambles. I'm now at 98% loss. In my eyes the company is already bust. It makes no difference whether he's gone or not. It's come full circle and George Thomas is back in the limelight. It's clear the company is on the brink but regardless of this, I agree Sky, share dilution twice is a disgrace and daylight robbery. No positives here, just more of the same. Six grand they've had off me and I have less than £200 left...haha! Says it all!
Share dilution x 2....is disgusting. Hope the company goes bust.
and to add something more:
due to the fact that GDBY has been a canadian company it was necessary to have 6 executive directors. With the move to UK it's only necessary to have at least 3. And I always had the feeling the Marc is not really convinced of the health story and was really bad in selling it to the market.
Well, it saves 180k per year.
Amateurs. 5 different CEOs in 5 years. Pathetic. Geremy should of just remained at the helm.
Apparently, you are right. It is to reduce operating costs. Its not just Marc to go. Others have gone with him
from my perspective and to be really honest, I like it.
I never had the feeling the Marc is really standing behind the story. George is way deeper into the clinic business and is driving it. So lets wait for some comments and hopefully an interview with Geremy OR George.
From my perspective it's all about reducing costs. Marc received 200k per year.
Marc has resigned with immediate effect. Not a good sign at all.
Current assets are £3.9 m. 3 times the current share price
Nothing wrong with the business. Its the share price at £1.3m market cap that is out of sorts. We all know the business is worth much more than that.
earwax is the new gold :D
https://www.goodbodyclinic.com/ear-wax-removal
62 locations already offering the service which is no longer a NHS provided service :D
No. They will always email shareholders after an announcement. I may have subscribed to this early on. I will pass on anything relevant.