Member Info for Billyboy2fromiii

Morning,

I assume that we are now all expecting the audited accounts WITH post period comments to be issued today? The 27th was obviously a red herring. Surely these are ready to be issued now and not still being worked on…..

BB2

https://www.londonstockexchange.com/news-article/SRB/audited-results-for-the-year-ended-31-december-2020/15149311

Hamish,

To be honest, it is all guesswork so doesn't really matter as such.

The US sales revenue reported in previous updated has been reported in $. For as a guide Q2 was, I believe, approx $2m.

The interim accounts and final accounts are obviously in £.

Posts made today by DRB and myself were in $ but as I say these were based upon guesswork.

BB2.

Hamish.,

£ or $ ?

BB2

Hamish.,

£ or $ ?

BB2

Iain,

Thank you for reply.

Is the Manchester event still "face to face" or is it now via Teams?

BB2

Please put me down for 286

BB2

Hamish,

Pure guesswork, in my opinion.

The actual wording from the 29th July Business Update was...

...........The Group's rollout of Chill-branded CBD tobacco alternative product continues with speed and scale. In coordination with major US launch partners, the Group has modified brick and mortar location expansion effort timelines. This timeline modification is to assess and enhance the effectiveness of promotional efforts, sell rates and the use of partners' proprietary tools and technologies. The Group and its partners continue adapting to COVID-19-related logistical challenges................ Chill products are now stocked in approximately 2,500 brick and mortar outlets across the US. The expansion is set to accelerate in the coming months and the Group looks forward to updating the market accordingly..........

So from the above, I am expecting that the roll-out has continued from July but not sure exactly what numbers to expect for period to 30th Sept in relation to "continues with speed and scale" and "The expansion is set to accelerate in the coming months"..... So yes, it would be a complete guess.

BB2

$3m obviously !!!!

DRB,

No worries, I thought that may be what you meant!

To be honest, I would personally be happy with $3 for Q3 and would probably add on this basis. It would be great to start a QtoQ increase in revenues which I personally think is what we will trigger a change in sentiment here. It would show a 50% approx increase from Q2 and hopefully show continued re-stocking along with new stores added.

BB2

DRB,

£3m got Q3 is approx $4.1m.

I would agree that revenue of anywhere near to $4m for Q3 (increase of approx 100% from Q2) would lead to a (very) quick rerate in the sp.

I (and no doubt many others) would immediately certainly add on that news. I think Vas would too!

I am working on a minimum store revenue of $2.3m for Q3 based on existing store count of approx 2,500. Obviously new stores added since last Update will add to this $ figure but the current rollout rate and hence amount of stores added in currently unknown.

We may get an idea with the post period comments in the audited accounts (hopefully due on 27th). If not then early October. Either way, not long to wait.

BB2

Iain,

Thank you for your comments.

Did anyone ask why the term of the term sheet are (so) inferior to the previous term sheet?

Was it stated how much £$ is needed through to production and thus how much debt will be required on top of the “equity based” term sheet?

Thank you, BB2

Holdon,

Oh, I see. That explains it. Thanks.

BB2

Dave,

Thank you for the explanation.

BB2

Hi,

I am confused.

What is this list and where has it come from? Strange ?

BB2

Hi,

Can anyone please explain the difference between Cash, 3 month and Dec 22 and the relevance of these.

Thanks, BB2

Morning Lional,

We have had two or three days of decent posts which have contained some positive views, some negative views but overall mainly balanced debate.

I do feel that your reply to Vas is a tad aggressive. His comment that "hard revenue" may be needed to shift the sp, in my opinion is a reasonable statement (and one that is probably shared by many). I personally do not think that is a negative comment that deserved your reply.

We have had two positive RNS now in the last two days and hopefully we have seen the bottom of the sp decline. However, I (and I would suggest others) would feel more comfortable that the sp decline has "turned the corner" once we get the post period comments in the audited accounts and the Q3 Update.

Pleas do not take this as a negative post as it is certainly NOT. It would be good if we can continue the balanced debate on here "without agendas" that we have seen recently. A balanced debate should include both positive views and negative views (in my opinion).

Regards, BB2.

Hi,

Anyone wanting to read about TFN, here is the link for Next Generation Labs.

https://www.nextgenerationlabs.com/

BB2

https://www.londonstockexchange.com/news-article/CHLL/launch-of-tobacco-free-nicotine-product-line/15145790

BB2

Hi,

A couple of links for those interested....

https://rhinoworldwide.com/gallery/

https://ransomcompany.com/

Fred, City v Leeds ? .......at least we would fill your ground for you. Perhaps you would let Leeds fans use the "home end" and City fans have the "away end" for that game.

BB2