Member Info for Capabilitypete

Have applied for several extensions to the date by which their defence had be provided to the court. None of these have been opposed by our side. The last extension ran out on 23rd October without a new one being requested and no defence having been provided. I hope this means our directors have agreed terms which were acceptable to the company and that we can finally get our end of year accounts sorted and get some updates on current trading.

Last years accounts are bound to be pretty awful with the above providing themselves with all sorts of pay and pension boosts, but with the savings being made after their removal months ago I hope we will start seeing some major improvements in sales through our increasing number of retail outlets and income from the growing range of third party products on Chill.com. Hopefully we will soon find somebody we can trust to start rebuilding our American interests.

I am not sure if anyone mentioned that our case is bought under the Trade Secrets Act of 2016.

Our claim is. Injunction against Misappropriation of Trade Secrets

The Scheduling Conference is set for 26th November

Thank you mc makes for interesting listening its a shame it wasn't done at the same time and if allowed mentioned in the RNS

News from pacemonitor.com The defendants requested an extension which was unopposed. Must now respond by the 21st of August.

Now over fifty brands excluding our own. Keeps growing despite the companies difficulties. I hope the vapes are doing even better.

American site now up to 39. On both sites most companies offer a range of products so well into the hundreds overall.

Occasionally I check out how many firms are using chill.com UK a few weeks ago it was 30. Today I see it is 45. Callum is pushing on faster than ever.

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.