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Another sidestep. I didn't think you would
What financials lead to your outlook?
Windows
The difference is you are strongly skeptical for no apparent reason just like the rest of them, you don't want to discuss it at any real length or discuss any actual financials apart from a cherry picked one or two figures that make no sense.
I'm naturally skeptical of everything.
The reason I'm here is because the market lead me here, and I'm constantly trying to stay ahead of it. I then have to have some concrete evidence to make me bullish on a stock, nothing just comes to me naturally, feelings and emotions are pretty useless in the stock market.
To be naturally skeptical like you say and press buy like you have, is going against your own view, the market is leading you and dragging you behind it.
The problem with your system is you're currently out of the game, but still doing the same amount of work.
I entered on a small starter position which I'm prepared to lose but I constantly manage it. I am quite happy to pocket 100's of % up to 12.5p, and I would only need this stock to perform at around average to get there. You will then provide me liquidity at 12.5p should I choose to use it to get out.
You then need the stock to perform above average. Who is taking the most risk here?
Risk is subjective.
I haven’t sold my loss making shares ‘so its not real’ is a classic amateur thought process
Didn't really follow what you were saying here
I agree, there are better uses for capital if you're looking for quick returns. There is no reason why you shouldn't be trading right now elsewhere, but this is an investment with a few trading opportunities here and there.
Windows
You're still basing your 'out of cash by the end of the year' theory on a back of a fag packet cash burn calculation. Again I ask you what proof do you have that they will be spending at exactly the same rate as before the products were available for sale? What is that idea based on?
None of the initial costs will be repeated between Feb and Aug, so there is no real basis to expect spending in the second half will simply be like for like.
They had almost 2/3rd's of total cash available in cash and cash equivalents at the last report with initial costs paid. The decisive factor is rate of sales, nothing else, which nobody at this moment knows.
Calculations have been done which state that 2.5m in sales per month would be needed just to keep them above water. That is true if you expect all initial costs to be repeated again for some unknown reason and then marketing costs to be paid plus then add a necessity for it be fully recouped in a very short term. That idea is started from a baseless cash burn calculation and built out from there, which results in a completely unrealistic theory to me, based on very short term thinking.
What I'll be looking for is a steady rate of sales that means the investments made including new products are recouped within 3-4 years with cash and assets being managed correctly.
They're building a brand not a stack it high, sell it low sales team.
So, no matter how much you repeat that they are gonna be out of cash, which you initially said would be at the end of Q3, now it's the end of the year, until I see some evidence I have no reason to believe it.
I'm completely open to anyone changing my mind but I want to see some solid evidence using figures from the financials. Opinions are just opinions, and so far any talk of actual financials are actively avoided, so for the moment nothing changes for me until Aug figures are announced.
The only reason you come to this pipe dream company's board and try to convince people you are not interested in them is because you want to buy shares cheaper. As if you have credibility, it's beyond belief.
Hi Ratto
Good to see you're still having a nibble. I'm just popping in to check in on the fun and games and see how many people came here to the CG board to try to convince us they're not interested in anything to do with CG. Even got a one man and his dog story. I reckon the dog would have died of boredom before arriving at the destination. Unless there's an RNS saying LGO is the new CEO I'm not panicking, til Aug results are released. Haven't seen Ad for a bit. Hope you got the portfolio straightened out.All the best
Windows
This is where I think we will always disagree..
You confuse trading (short term) with investing (long term). They are 2 completely different disciplines, approaches, strategies and mindsets. That's not a problem until you assume that everyone else is also a trader and build out from there.
In this instance I'm an investor in a new company from the beginning, which means not everything is going to go my way and I have adjusted my risks to accomodate that. No matter what happens I am comfortable with the risk I've taken, but I believe this company has every chance to do very well unless I see actual evidence which suggests otherwise.
When Alexis bought shares it was merely a vote of confidence, nothing more, nothing less. People got excited because it was a vote of confidence for an investor. It is one of many indicators a LTH looks for.
''An unrealised loss of £ 1,332,500.''
He hasn't sold so it is completely irrelevant to a LTH.
''With his immense insider knowledge of this industry & this company, he was wrong, what chance do you have ?''
This is an argument from authority. He knows more than you do so clearly you are wrong. It ultimately means nothing.
I didn't invest based on what he knows, I based it on what I know and I fully expect him to act in his own self interest. If he sold at a loss or at breakeven then yes it would be 1 red flag, but he hasn't. Is that a further vote of confidence?
Looking at a long term strategy at criticising in the short term is never going to convince me.
With all his industry knowledge etc he's wrong. Really? Based on what time horizon?
I think the most optimistic have always admitted ''if''. It's the most pessimistic who want you to believe they know 100%
Of course it isn't. Why would it be?
LGO
Big claims, zero evidence?
Windows
You only got access by pressing 'Get Live Data' and putting credits in
Is there another MM called DANCE on your fruit machine? lol
Windows
How can you see that and not see ' Share price is delayed by 15 mins' ?
Some things are believed because they are demonstrably true. But many things are believed because they have been asserted repeatedly and repetition has been accepted as a substitute for evidence.
Where is your evidence????????
Rushden P
It definitely was not aimed at you, I actively encourage people to share the same attitude you've shown. Instead of people just admitting what they don't know and being open to some education/ideas we have to suffer the lowest form of conversation on an investing board,
Apocalyptic visions followed up with ramper/deramper.
LGO
You've really brightened up my day. Great quote. How can you be stuck on the same subject for months and months but not realise you are the embodiment of stagnant and regressive thinking? It did make me chuckle.
LGO
Of course, Google and Meta will act in their own self interest.
I believe regulations etc were always going to be a challenge to overcome given the source ingredient.
As I've said previously, I believe the Beauty industry was chosen specifically for easy entry to market and to serve as a precursor, to demonstrate to health authorities etc come the time, that CBX products are safe.It's impossible to do that without existing products with at least some track record.
THC is the ingredient that disturbs them most . CBX products contain none. That fact can only be avoided for so long.
The only difference between us is I'm not acting like this has all come completely out of the blue and pretending that it's all the fault of the board.
The fact that other members of the industry are raising petitions should be enough to prove otherwise. Google has been working with CBD companies to solve this problem for a while. They are already talking again.
How many times do you want to repeat the same conversation LGO?
I went into this fully expecting bumps in the road.. Your expectations mean everything is a massive problem.
It's strange you now think marketing adds up to a fiver.
I think this company will prosper anyway. I don't think we need to worry about the market being oversaturated when predictions of market growth are all massively positive.
If there were no ad restrictions ever put in place, I don't think it changes much in terms of where CG find themselves. They're still a new company, promoting new products. Over time it's definitely going to be a handicap but there is no real reason it will stay banned.
I think you know