what's going on?11 Oct 2019 10:10
Busy last 3 days for me and kicked potential fishing trip into touch as weather a bit crap and I is knackered!
I just wanted to recap my thoughts. Obviously it has been a strong week so far and hopefully it will continue. I must say first that i thought the muted reaction to last Friday's RNS, rubbishing the persistent, pernicious placing rumours, was very wierd. The SP should have jumped 50% on that day! Delayed response. Clearly the option RNS lays out the thoughts and hopes for a future SP from the board.
I noted, and if you have followed here too you will remember, that even very recently some posters have been ascribing a value to ZOE of £1.5 million, that being the sum raised to buy and start the business in the March 19th RNS. I railed against this at the time as it it clearly does not take into account the progress made on multiple fronts since then. Progress by any company is not a given. It has to be achieved.
Although CEO Nick Tulloch only reported a tiny $36,000 revenue for the Zoetic arm of the business last Friday the progress made includes:
Preparation of the indoor facility, shift from cannabis to hemp, plant cloning and genetic refinement no doubt tested on a smaller scale. Probably own see generation from that. Now the first two 'Bays' of 2500 plants growing and Bay 3 about to start perhaps ?
Outdoor crop of 40,000 plants prepared, planted, tended and now harvested with flexible option for sale to provide cash injection or loads of CBD isolate for product manufacture or a mix of both..... as suggested to me by the CEO. Don't know hat he will do before you pipe up. Just suggested option to an enquiring shareholder!
Development of 3 brands. Design, packaging, first product and product refinement. First sales deals, Schrader, Leafy, Labskin, Mr Checkout. Websites up and payment process wrangles sorted. CBD related... not confined to us.
Trade fairs, OTC listing potential, further IR going on in background with two new sets of bigger parties invested.
And so with all of this the mere suggestion that ZOE is still only worth the start up cost is hoqwash.
What it is worth and what the sales revenue will be is the question. We do not know. i am hoping for a steady rise to the Schrader investment / option vest price of 10p.... as a minimum. This I believe should be the starting point for'Trading'.
All you luck people who bought at 3.5p and 4.5p well done. But if you are thinking about buying now, I believe you will similarly be 'glad you did' in the not too distant future. BH
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