Blackhopper27 Jul 2019 14:46
Ahh welcome weekend BB. I see you are having a fine discussion. However I am not sure much of it is based on 'Fact'. I however will admit to being shocked and extremely disappointed that the SP is 7.x p. Awful. Awful for me and awful for many others I am sure. I am not going to go on a long post about Zoetic revenues. Today is not the day. I will say this. Below is Woodfortrees post of today regarding costs:
£500k - £550k of overheads per month
Revenue from ED ~ £150k
Loss per month £350k-£400k
End of July projected cash ~ £nil
He has I assume calculated the costs by incorrectly dividing the expenses from last year by 12 months. It is my understanding that the averaged monthly costs for this year will be considerably less than this. Many costs associated with , ED, WD, DTU, Kansas, water and CO2 will not occur in this current financial year. April, May and some June ED revenues will have arrived before workovers. Hopefully the wells are all back on. Warrants and Schrader £525K arrived after year end and company have already invoiced for some Zoetic product. So a statement saying the company will run out of cash in July or August or September is misleading.
D14 predicted the possibility of a placing with the results. Not happened. I believe he also mentioned in September. Cannot see it. By October, outdoor harvest will be available. Remember, the fist indoor plants will be cropping now so new oil available and some flower. First seeds. But some revenue from sale of products must occur and I hope we will have up dates on that in August. I would expect websites live any day. I would expect LeafyQuick live any day. I would expect 50+ stores selling product by September.
Having said all that I do think it is very very poor we have reached this point. I also think it is very ,very poor posters on hear scaring the less knowledgable with 100% dilution (totally erroneous, thanks RollinHand) or 50% dilution which may be technically available but as has been discussed the technically available 33% dilution from last year did not happen. No reason to expect the 50% to occur this year.
There have been enough discussions about teams, derampers, rampers etc. if any or all of this is true then clearly the derampers have won for now. Late on Friday the SP appeared to recover just above 7p. I would love to start all over again at 7.4p believe me. I think a 100% gain this year is possible from there. Very lucky for some.
I have always posted my honest thoughts. I generally don't like ****ging things or people off but some of the posters on here have, over time, showed some of the worst aspects of human nature to my mind on this board. I guess this is what money does to people.
I still hold all my shares. I will carry on holding them though August, September, October and on. I do so because I believe and hope that this small, interesting, frustrating but ultimately exciting company can turn things around this year and move on in a big way i