Member Info for CheshireLad

OTC announcement imminent.... :-).....along with

CBD brands, Chill & Zoetic distribution deal progression both in the UK & USA
CBS brands, new products
Legacy O&G asset sales progression including ongoing bond payment receipts
Outdoor hemp harvest confirmation
Hemp seed genetics program with potential sales
Etc.....

Good find Trill.

Our legacy O&G wells are in the top 5% producing wells in the DJB, and, even though the shale wells are a decline curve we are still pulling in $150k per month from the carried 7.5% interest. Not only that the 7.5% carried interest also applies to any future wells on the leases. If the logical derivation of value is determined from applying the formula, then the legacy O&G wells will bring in closer to my expected amount $3 -$4 million. I'm not saying that will happen, there are many micro & macro variables involved, however, I think we can be optimistic regarding the value placed on ED alone, and, it hopefully, will surprise a few and make the balance sheet look more positive. This will provide assurances, and a platform, to private, (both UK and USA Based), institutional, and HWI's investors the business is moving in the right direction under a management and leadership team which have a firm grip on spending combined, whom also have a clear and concise business strategy for the burgeoning hemp & CBD industry. Although I would like to see more detail a.s.a.p. regarding the fast moving CBD side of the business, in particular the sales and distribution side of things, I don't expect to hear anything on seed genetics or seed revenue for a few months, but I do like surprises. Hopefully some good RNS' over the coming months with regular none RNS news relayed via the various social media platforms, including LInkedIn. You do the maths!

Why sell the O&G assets, well as Blue and JJ state, the current wells are a declining asset with higher costs. A nice analogy would be a PHP agreement like with cars, when is the best time to sell, cash in the equity, or, continue with a cost prohibitive asset, unlike the hemp side of the business. Originally the company was set up to take advantage of the downturn in the O&G sector, which I think it did rather well, albeit the shadow of RP's bravado still stinks. It was a difficult job to get ED up and running for such a small O&G player, no doubt about that. But now is the right time to move out of that sector, bin the old car, for pastures new and take advantage of the hemp revolution . I'm sure the HWI's will want a clean break and may only show their hand once that clean break has been made. Regarding the timing of any such O&G sale we might see a deal in the near term but with rights not exchanging officially until the new tax year? It's quite possible we could receive a payment for the assets before the tax year end but with revenue up until the end of March 2020 still be receiving and reflected accordingly on our balance sheet until the official sale is finalized. Also, we should expect to see confirmation of seed revenue and a more accurate representation of the Chill & Zoetic product sales. All in all there is plenty of +ve news to arrive over the course of the next months and anyone who doubts that is being disingenuous.

Sure there will be times when we feel the quiet periods are too long, but make no mistake this company is very different to the previous incarnation. Did I not mention the OTC listing being imminent, UK distributor has take all available UK stock, Mr Checkout proceeding as planned to supplement deals with Ox and now other identified online distributors in the USA. New products announced and due, and still a relatively low number of shares in circulation with NO "new" additional shares being made available to US investors.

How can all this be a negative, the answer it isn't. You only have to do the maths.

I would say slightly optimistic figures, however, when you include carried interest on any new wells, and the rights being on very good proven ground, I would be extremely happy with circa £4 million+. As the recent research note by Mr Hitchens suggests once legacy O&G assets are sold the balance sheet will look far better, and with equivalent income streams from Chill, Zoetic, feminised seeds sales, bond payments etc. Lolling very good from here. Wouldn't want to be out of this over the course of weekend, and definitely once we move in to November and push to New Year seed sales.

Can only be a positive, anyone who say it's not is just disingenuous.

Now off work for a few weeks so will be keeping a closer eye on the LSE posts more than in the past.

Wouldn't want to be out of this over the weekend, and that is by no means disingenuous! Do the math!

Looks like the Acme rocket has been sourced after that close, bring on tomorrow and imminent OTC listing launch.

and a rocket when the SP really starts to move!

Possibly not guaranteed but I'm sure we have the relevant microscopic technology to confirm or dis-confirm. Either way, if we have excess seeds, biomass, etc from the outdoor acreage, that can only be a good thing.

Is this now becoming a liquid stock, and we are not even live on the OTC. Dear me and there are those that think this company never/doesn't have a future....do the math!

Are you sure it's not active already? The past week has seen afternoon rises, may be those Yanks are trading from 2pm after all and are hoovering up them shares already ;-)

As a caveat we know the outdoor acreage is not increasing, at this point, as the outdoor crop is enough for production of Chill & Zoetic. Therefore, there could also be excess from the outdoor crop that might be used for feminised seeds? Just saying that could happen, or, it might not. All in all it seems NT et al have all bases covered at the moment. Strategy appears concise albeit fluid at the same time, a rare mix, like the Nitrogen, to maximize shareholder value, as alluded to by NT.

Thanks Y, off course you are correct, every 4 months, thrice yearly :-)

Seen as some positive threads have disappeared on the +ve incoming revenue versus outgoings, lets state as fact:

*Incoming bond payments, which cover most of the short-term loan facility
*Legacy O&G revenue, circa $150k a month
*Legacy O&G asset sale pending with +ve income after sales
*Increasing revenue streams on both side of the Atlantic via Chill & Zoetic CBD products
*UK Northern distributor has taken all available current UK stock of Zoetic products
*US distributors, Ox & Mr Checkout rolling out Chill with store count increasing month on month
*Seed genetics revenue due shortly in the very near term, New Year, as farmers plan cultivation timelines for their 2020 harvests from feminised seeds

All the above is in the public domain and freely available. You do the math!
*Feminised seeds to be produced from x 4 bays, with each bay producing circa 1,000,000 seeds PER QUARTER
*Feminised seeds sale value guesstimates ranging from 0.50c to $1.00 per seed
*Annual running costs disclosed as £2.5 million

.....Sunshine on a rainy day!

I agree, however, by being below the threshold we will not know if CL's holding changes, assuming CL doesn't buy any more and is happy with his holding, as I am with mine.

One thing to point out CL is not likely to sell his remaining 'substantial holding' at a massive loss, however, he could sell in to any rise without anyone being the wiser. Hold that thought!

GLA LTH

You think a position is trying to be built under the radar???????

Burningspear, your game is transparent, and it is a game to you. Look in to the maximum allowable raising of funds based under FCA/LSE rules, and come back with your best guess on what will happen with HNR?

There could a bounce later this morning , or, it might move downwards, but possible raise of funds, not going to happen in the immediate future, despite all the scaremongering. Certainly challenges ahead, hopefully things will become a lot clearer sooner rather than later ;-)

GLA LTH

I wouldn't want to be out of this over the long Bank Holiday weekend....oh I'm not, I've been in 3 years :-)

Great find Fadec, hopefully the LTH will now possibly receive some long awaiting "shareholder value" if a new deal can be thrashed out in ED? Time will tell?

GLA LTH

https://twitter.com/Fadec92

My top up showing up as a sell, what a surprise.

GLA LTH