Member Info for Cupid

I couldn’t find the original post I had, though feel the exact same way. Lost a lot of money and that was me getting out at around 4.5p.

New companies failing isn’t a surprise, but the family feel of the original investors is worrying. Major relationships should be formally disclosed IMO.

I’ll happily educate you - Can’t wait to the reply to this.

Suggest you read the original prospectus. https://primarybidassets.s3.eu-west-2.amazonaws.com/Pathfinder+Prospectus+s21+approved.pdf

Then check up who the original major shareholders were. (Durban / Torro / AJA / Paniolo).

Durban / Torro / AJA / Paniolo> all Vancouver based

Jonathan Bixby was involved with Durban / Torro as major shareholder. Made his money in crypto and had connections with guess who, Peter wall via Argo.

Paniolo investor in blue star who also were involved with David Beckham and esports venture with DBV. Elaborating on this, other key shareholders in this venture pre CBX IPO was Torro consulting and blue star. (So 3/4 major investors in CBX are already connected to Beckham).

You now start to understand what a closed shop all the original owners of CBX are.

Oh, Darcy Taylor all through this, was the NED on CBX original IPO.

Oh, guess where he is based. Vancouver. Don’t for one second this the people leading this business care about retail investors. You’ve all been had and all original stakeholders know this. Hence all divesting.

Anyone who thinks there’s any interest in this share, needs another head wobble.

If a private individual / entity were interested in this share, at these prices they will either be aggressively buying the shares, or would put an offer in. Let’s be honest, people would jump at a 2p sales price, say £12m value right now. There is no interest in the share as shown with next to no volumes at record lows.

If someone is interested at all, with the current financials they will be waiting for the company to go into bankruptcy/ wound up. An offer of around 10% of the value, say £400k would be more than enough to acquire brand name, existing inventory, Ecomm IP etc.

That is the only way AA could get his hand on this.

Durban divesting further > these are the individuals who at best have acted unethically and I admire their savvy-ness. They listed CBX at the perfect time, maximum interest in new companies/ Cannabinoids with lots of cash available in the market. They’ve taken the money and extensive management consultancy costs. Gave themselves shares and regular income and milked all the retail investors.

I did this research 18 months ago, search my comments, you will see they were all connected as bases out of Vancouver. Peter wall was even connected to them.

I don’t get it?

SP to get smashed now > shareholders have just been diluted 15%. Ok, you now have acquired something.. but how this relates to the original CG mission statement and vision that an IPO was based on, I don’t get?

Also, I don’t get acquiring another loss making project.

I don’t get how this relates to beauty?

I don’t get how anyone can have belief in this current BOD, it doesn’t feel the time for diversification, it’s time to grow CBX brand penetration to increase sales.

I’d be writing off this share as a 100% loss if I was a holder now.

My guess - They have probably paid a 6 figure fee for;

* use of name / Photos to appear of media etc
* Requirement for a photoshoot for media
* Maybe set number of posts at certain times Helena has to do
* Sales through her posts will be tracked, commission given on sales (wouldn’t be surprised to be around 20% or so)
* commitment to appear in some face to face scenarios ie beauty / fashion as a CBX representative.
* I’d be surprised if contract is greater than 1-2 years.

Normally generate 10%. This is laughable and shows you have just pulled a figure out of the air.

Google influencers conversion rate, it’s around 2%.

Even if the company hit £1m sales, GP margin sits at 58%, that’s only £580k in Gross Profit. With £1.8m admin costs, you are still down £1.2m.

The above would be an ok performance for a company of CBX size looking to grow. That’s why the current performance is so worrying.

Look at the amount of twitter / IG followers CBX has. It totals around 10k. This is a huge worry and shows the brand isn’t penetrating the market.

At a 2% conversion rate, that’s 200 customers = 20k sales. That shows you the real figures of where they are at.

Amrans back :-)

One thing that does stop that dodge is the £2m in cash. But I’d guess this could see a +10% drop

Let’s be honest - I was damn close with my guess.

Awful set of sales results.

My thoughts on what they will mention.

* Tough trading conditions - Cost of Living / Media challenges on advertising
* Sales haven’t hit expectations
* had a great “reaction / feedback” to recent campaigns (drivel)
* landed “travel packs” (Yipee)
*cash 1-2m with a burn rate of 200-300k a month post cost cutting campaign
* loss of around £(1.5)m
* may mention need for new funding to take CBX onto its next step of growth (cough, cough)

They didn’t - Dancing queen hasn’t read the email properly.

“ As London Fashion Week draws to a close, hear what the expert editors and fashion elite have to say about our best- selling Rejuvenating Face Serum.”

Selfridges have 4 stores, I’d hope for your sake it’s a bigger retailer than that. Even with a large retailer (Love hemp), sales above £2m a year, they couldn’t make it work. I personally think this industry with its current constraints will mean very few companies succeed at the moment.

For CBX, I think without the PR / Media support, this is a dead duck now. Cannot see anyway this will turnaround as the cash and customers arnt there.

Maybe they will look for some emergency funding, but the terms of that deal will likely be so bad, it will be a death spiral.

Such a shame as I like the products, but so many factors are against CBX, I can’t see this being a great story.

Didn’t you but 100k worth at 10p 14 months ago?

I now expect;
1. CBX to go into administration too within the year.
2. Cannary picking up the right to the products for next to nothing.

Tesla was supported by one of the worlds richest who owned PayPal.

CBX initial board and investors have all pulled out.

What’s next, are you going to compare CBX to Amazon as CBX have website and sell on Amazon?

Probably see a new account name set up with their first post declaring love for the share and how they are great products.

Sleeping giant. Undervalued. Buying opportunity. Snapping up shares at record lows. Etc. Etc. Etc. I don’t want people to lose money, but for that ramper who insulted those with different views, I hope you bet your house on CBX.

I hinted that Cannary would pull out due to the share price decline.

CBX will now try to raise cash - Won’t happen as no demand for this share. Valuation is next to nothing.

Investors taken for a ride, only those initial angel investors / given shares / incepted idea have won.

Shocking mismanagement and people have recently been praising the board until now. Laughable.

My understanding > the board are asking shareholders to vote if the the board can have the right to issue up to 10% of new shares.

The important bit here, is they don’t need to offer it to existing shareholders.

Why would they do this > cost. It’s easier for the board to get one individual investor to pay in then manage a shareholder issue.

I’m going to be direct > Tread, we all know your name is Amran, your advice as shown across the last two years is as useful as a a stain on some underpants.

For existing shareholders who bought in at/post IPO > £13m has been swindled away. It’s better just to hold your hands up and appreciate what the original business owners have done. Listed a company on LSE, benefitted handsomely, then got out laughing with millions of profit to show. Imagine making millions on a company who have only sold £30k of products. Surely there’s a legal case somewhere as this feels unethical.

Company is dead IMO> full dilution of positions for Durban, this share has more downwards to go.

Shareholders who have put money in, fingers crossed it’s a hit in the face that you can take.

My prediction. If RTO happens, expect a raise imminently with positives like “growth opportunities” / “leveraging scale and distribution points” being used.

If no RTO, expect this company to not exist by end of next year.

It’s mind blowing what has been wasted on that IPO. No assets aside from £500k of inventory of which, a portion of that could also be provisioned as slow moving stock.

Those shareholders expecting to be saved via an RTO > that isn’t going to happen.

Why would Cannary want the equity of this company at a price when agreed, was around 4p. Now, CBX have fallen so heavily, I’d be renegotiating on the equity split.

The only reason it will get done is if both companies are in dire straights. But if that is the case, who is going to throw money at this heap of excrement via a raise of cash when combined.