Member Info for bigbadbob79

Yep, low volume today so not terrifically concerning. I've bought some more today as I think we'll soon be heading back to 30p.

Perhaps it is a pump and dump?
If it looks like a duck, and quacks like a duck...

The bank trial too...

1.4 target. Such shameless ramping!

Can't get burnt when you don't buy P&D spikes. I was just enquiring how Oil_beast has assessed fair value, given the company has no assets and the SP is at multiples of cash in bank. Anyway, looks like the crew are now dumping to bank their gains. Good days work!

What is your FV based upon? The company has no assets and a few hundred grand in the bank. I guess it depends what value is ascribed to a rainbow.

Guys, this is a pump and dump, be careful.
Green energy is indeed a growth area, but margins are actually really tight on most projects at the moment - I work in the sector. Developers can make good returns by developing and commissioning projects which funds will then buy (but of course many projects come to nothing) - there is a real fight for renewable assets at the moment and yields are being compressed to not very exciting levels.
So high risk/reward for developers, and low risk/reward for funds.

I see this being pumped on twitter today. I am not at all tempted to chase the rainbow.

So finally decided to tip my toe, entered AAA into my brokers system:
"We no longer allow purchases in this stock"
WTF? This is iweb by the way and I have never seen this before. Why is an execution only broker preventing people from investing?

Took some for a punt here, should get an update on the plant testing and ramp up soon, and I'm expecting that to be positive which should help change sentiment. Reasonably tight stop loss set.

It's still over double the IPO price. It's not really the company's fault that people went mental on Friday and started shelling out nearly 6x the IPO price for the few shares that were available on the day (most people didn't seem to receive them into their brokers accounts in time to trade on Friday).
I'd be very surprised if there was anything material for the company to update on 2 days after IPO!
I took £500 worth at the IPO as a short term flip as I thought the Becks/Peter Wall/cannabinioid confluence would lead to a feeding frenzy. The fundamentals are pretty weak at this stage IMO. I can see they are trying to be the Fever Tree off the cannabis infused skin cream market. It might work out, but there was a massive drink mixers market for FEVR to tap into, whereas nobody is really sure how big the market for ganga-infused skincream is, or how it may develop.
The third party manufacturing means that CBX needs to be brand-led, as the barriers to entry are quite low. FEVR has a very strong brand, CBX branding looking at their website is, well, a bit meh.

Good luck to all holding, it may come right in time, but I think there's going to be a few months of drift at least until they get product on shelves and we can see how quickly it actually sells and what sort of margin they can make.

And by that time another 20 million people have been vaccinated and the need for mass testing evaporates. Serious commentators are already suggesting the government give up on mass testing as it is no longer useful - the positives returned by Innovia tests have been flat at 0.3% for three weeks, which just happens to be the false positive rate of that test...
This epidemic is over very soon, and there will be no market for the tests, which are of questionable value in any case.

That's gross cash though, net debt it over £250m.

Think you'll find it's PI's willingly dropping their trousers and bending over.

SIlvefox, madness not to crystallise a 1 day 70% gain on a share like Gamestop, but we've all been there. I didn't crystallise an 80% rise in Eve last week, but I think it;s going to move higher soonish and still above my buy-in price.
I got some CBX in the IPO. Didn't appear in my trading account until this morning so I couldn't sell any for the real big money on Friday - I would have thought fairly clear that there was a risk of being spiked on Friday. I dumped 50% of them this morning and set a stop loss at 15p for the rest. Can't grumble at a 3-bagger.
I was never intending this to be a long term hold - it was just the cannabis play, Beckham, Peter Wall confluence that made me think they might go a bit mental, and they did. Fundamentals aren't particularly appealing to me - buying in ingredients from another company and then getting a third party to make the product = low barrier to entry for competitors. It's all just about branding, and I'm not sure the sector is going to be as huge as everyone thinks.
I could be wrong - look at FEVR, but either way I cannot grumble at £500 being turned into £1,500 overnight.

It's all to do with an option to buy a company called Aaqua, which in turn has some kind of interest in/may acquire a software company called Sentiance. The recent options in AAA at 50p give AAA the finances to execute its options in Aaqua, and have similar acceleration clauses.
There's also another company called Matrix in the mix, but I'm not sure what part that plays in the overall deal.
Clearly all the rich folk sense a big opportunity here (eg even though the options are hugely dilutory they are actually at a discount given those guys will hold 20% of the enlarged share capital, but the £100m will represent about 30% of current market cap). so presumably they see very significant upside from 50p.
How it all fits together and when and how the magic money tree gets shaken so that everyone gets rich, I don't know. I confess I don't understand the investment case, possible upside from here and risks, so I remain uninvested but watching with interest. Every time I pluck up the courage to put a few quid in as a punt, the price jumps up again like today and I think "oooh, that adds a bit of downside risk". And I'm kind of put off by something that's risen so much in the recent pas and has nothing on the balance sheet to support the valuation. If whatever scheme is being constructed falls apart for whatever reason there will be very little value.
If my CBX shares ever appear in my trading account I might sell a few and chuck the proceeds in here as a punt.

Don't have a choice if they aren't showing haha!
I was only going to sell to get my stake back and then leave the rest as a free carry. I was only expecting them to bag today, so delighted and a bit taken aback to see them trading at multiples. Frustrating not to have been able to take advantage but maybe it'll be for the best. I'll wait and see what the price action is when they do finally appear before I decide what to do.

Haven't got a choice if they aren't showing haha! TBH I'd only have sold enough to get my stake back and then let the rest ride as a free carry.
Will see what the price action is when they eventually appear in my account and formulate a strategy from there. TBF I thought they might bag today, so was a bit taken aback to see them trading at multiples of the IPO price.

See on Twitter that Primary Bid have now sent shares to brokers and some folk now able to sell from their brokers accounts. Mine still aren't showing in my iweb account. Anyone still just seeing tumbleweed when they log in?

Thanks expru2000, I guess they charge rather higher fees than the £5/trade that iweb do, I guess the old adage you get what you pay for applies!

The mind boggles. What's the point in them sending back the information they've had from Primary Bid for Primary Bid to check it's correct?!
I'm with iweb, which I think is a rebadged Halifax operation. Same, chat window never appears. They are cheap and I've had no problems with them in the past, but it they are going to be this slow dealing with IPOs and Primary Bid I will have to move brokers. Someone one here is using a broker I've never heard of - something Redmayne? and has their shares already.