Kanabo Grp Plc Share Price (KNB)

The silence is deafening

Other than shareholder and financial updates, the last RNS regarding progression (14 new clinic partnerships) was on the 4th of June. I have belief in Avihu to develop the company and this grew even more when Ian came on board.

But I am disappointed to see this going stale and the SP at an ATL with little to no communication. It's down the best part of 98% since the highs of the IPO and has continued to decline since. Some idea of short and medium term strategy would be appreciated for long term holders and to potentially encourage new investors.

They’re generating income now so unless they want purchase other assets or expand in some way I’m not sure if a raise is required. You see these early companies say like this for years making steady profits. They just need some good reassuring news to come out. They seem to lack communication however no news is good news I suppose.

You have to ask yourself is this the bottom now, and when will it or will it bounce back up, or will it continue to slide. The dip could be because of a possible fuund raise on the cards and/or possible dilution. But on the flip side it could be that the company has enough in reserve to see us out for another 6 months to a year. If thats the case then this could bounce back up. It would be good if the BOD could give us an update on that.

Almost got out of this share last Christmas when it had a spike in sp, hoping we have another this year.