Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This situation is being caused by the American directors who are achieving very little in exchange for large for salaries. I hope Mr Swann's demand for a special meeting can prevail so that we can have a free vote and show our support for Callum
Have been useless from day one. They arranged a coup to remove a very good CEO we had at the time and then drove the company to near bankruptcy. It is only since Callum came on board that we raised the funds to complete the purchase of our domain name and started getting things moving in the right direction. They should have gone years ago.
I've had no confidence in the American directors for ages, the sooner they are gone the better. However we need to be certain that the small shareholders and Callum are safe and will not face some kind of power grab. Mr Swann knows a good thing when me sees it I just hope he is willing to share it.
Is that while all this nonsense has been going on we have loads of outlets retail and online building our image and reputation not only in the UK and America but now in Europe as well.
We are also getting nearer to the first restocking orders fro WHS and Morrisons. Good times ahead.
/Users/peter/Desktop/#CHLL.webloc
The ban is very disappointing, but the share price has not been affected all that much because it never rose as it should on all the good news.
In the past most refillable sales we through vaping shops but I cannot see the supermarkets giving up on all the disposable sales, and many of the disposable users will now want to change to refillable's so hopefully sales will not fall as much as feared.
In any case if ours are as good as people say our new refillable's should takeoff quickly.
In the meantime we are informed that established retailers are restocking at an average rate of six weeks and we know the standard first order was for a total of 130 (ten of each). This would suggest monthly sales of about 90 per shop and since we now have over 3,500 outlets in our two markets gives potential monthly sales of 315,000 that's 3,780,000 on an annual basis worth £18,000,000, with a gross margin of 60% gives a gross profit of over £10M. We've barely scratched the surface of the world market so all to play for still.
Confirmation that our administrative expenses are still only about £3m per annum means we only need about £250k per month to cover them. Our margin on the vapes is so good we only need to sell 100k a month to cover this amount.
The £2.1m of orders Callum has already announced in the five months from August amounts to sales of over $400k vapes, so even without taking into account our own online sales, Amazon which is doing well and American sales we are getting close to break even.
America is a bit if a slow burn but we are clearly gaining traction and with Smokers Friend now on board with a similar number of outlets as Morrisons we must not overlook the importance of that market also.
Back in the CBD days people liked to compare our prospects with Fevertree at their best. With our CEO, vapes, and chill.com we can do far better than that.
13.00 BATS following Callum's Twitter
13.15 Talks with Senior people in big Tobacco.
13.35 Further mention of talking to BATS
Very interesting Callum talking to BATS and last part of chat about new products
When I summarised on the probable income and profit from UK sales of 5,000,000 vapes by this time next year I calculated on the basis of all sales being by third parties. We know this is not the case because Callum has stated that customers looking for vapes are also driving the sale of other product. Our direct sales are about twice as profitable as third party ones, so if we accounted for 10% of the sales 500,000, our turnover would increase by £1,250,000, and this would all be profit. This would increase gross profit for the year to over £13m. Although breaking into America is a bit slower imagine the figures if we achieved a similar share of that market! x5+? . Happy Christmas everyone. Can't wait for 2024
Most likely the MM's have a large buy order which they are struggling to fulfil so trying to encourage some unfortunates to sell.
Have just been checking, and not many Vapes get five star ratings, but, both here and in America we do. One guy on Amazon recons they have already enabled him so give-up smoking, Our vapes really are some of the best, possibly the best available anywhere . Eric Schrader in America intimated this some time ago and now it is proving the same over here. Callum had a lot of input in the product which he is now driving forward extremely rapidly. Fantastic job can't wait for the next RNS or interview.
Thank you Lyonsden.
I have been looking back at the RNS' and the Sunday Roast. In June this year the boss of The Vamping Group one of the top men on the industry said effectively that we should be selling 5 million vapes in the UK within 18 months to 2 years. Callum has said we are ahead of this schedule so we could be selling selling at that rate by this time next year.
We sell them to retailers for about £5 which is double the cost of manufacturing, so that would give us a turnover of £25million and a gross profit of £12.5m on an annual basis.
And then we have the USA sales and the income from chill.com to say nothing of all the other markets we will be developing by that time.
You can see why I think this share is grossly undervalued.
I am old and technically incompetent I just entered The Sunday Roast and the site comes up. Callum also said a lot is happening and he will be speaking to them a number of times in the near future.
Callum is very canny and keen to build on the good news. I thought we would have had the six months figures first, the fact that we haven't makes me think they may be better than expected. Anyone who is still waiting to get on board should be quick or they might miss the boat
Callum has been talking to them again 7th December very interesting especially on cashflow and margins well worth a listen.
We also have the first six months figures to come which only includes two months of UK vapes sales so not likely to be very good.
I may be a cynic but the main recipient's of these shares/loan repayments are large investors most of them already large shareholders this has been delayed because had the company failed its chill.com site was worth far more than these loans so they would have been repaid in full with interest. They are now certain this is going to fly so want all the shares they can get.
Todays figures from W H Smiths extremely good and all from the shops we are going to be in. first
Just checked, we are live on Amazon. Has anyone been in a W H Smith major outlet recently?.
Researchers from Queen Mary University of London compared data on smoking and the use of electronic cigarettes in countries where smoking patterns have been similar in the past , but the laws on vaping differ today.
This revealed, for instance, that both smoking rates and sales of cigarettes seem to be falling more quickly in the UK than in Australia, where the sale of vapes is very heavily restricted. Similarly in Japan, the introduction of heated tobacco products - which heat tobacco leaf to a lower temperature than conventional cigarettes was followed by a marked fall in cigarette sales.However, the researchers note that the timeframe of the government-funded study is small and further studies will be needed to confirm their findings. (From the WEEK newspaper)