Member Info for Cupid

It’s disgusting from them. Look at the type of comments they have posted.

I’ve not filtered them purely to counteract their ridiculous claims. Lowest of the low!

This has happened before on here, people with differing views who call out those who say garbage like to the moon.

Then talking about resistance levels likely they know what they are talking about? This is a £9m company, the only resistance point is the 1p institutions bought in on. For the others who bought at 5p and holding, the resistance levels is to just get to the end hook or by crook.

Reading the strategic summary of Cannarary LTD, it looks like they are only combining the wellness / commercial arm. Not the medical side. That’s news to me, but was everyone else aware of that?

“ Cannaray's stated intention since commencing trading in 2019 is to the list the business on a recognised stock market to provide a suitable platform to fund the ongoing development of the business. To this end, Cannaray has signed a Letter of Intent on2 3 September 2022 witha London Stock Exchange Main Board listed business to perform a Reverse Takeover of the Cannaray Wellness CBD business. We expect this transaction to complete in Q4 2022. The remaining part of Cannaray will focus on Medical pursuits in Germany and the UK in 2023 and then the large opportunity for recreational cannabis in Germany that is expected to commence in 2024. With our strategic partnership with WBA in Germany and the likely distribution of recreational cannabis through pharmacists, the Board of Cannaray view the future with continued optimism.”

2. From a going concern perspective, that’s an odd read. They state they have cash to run 12 months but it’s based on existing operations being cash positive. With a large loss, that’s quite ambitious. Cash flow statement shows the stress they are under. 8m loss offset by £5m new shares and 4.5m convertible bond.

3. They also mention “ The Directors expect to raise further funding in order to continue to execute the Group's growth strategy”. Something to consider before bashing peoples views on a raise.

4. 39 employees costing £116k a head average. Not bad work if you can get it.

Really hope this goes up 100x dodge. I’d love it if you could turn around in a year and be a Millionaire due to CBX.

I think this proves the viewpoint those critical are supported.

Yesterday someone wrote let’s wait until we crack Xmas > this is your offering. You will not get shelf space now as it’s too late as of 6 weeks ago). Zero chance of distribution in retail even if deal completed yesterday. .

How’s the RNS gone down - There’s £5k of share purchases so far.

But wait > you have a gift pack in blue with some stars on!

This isn’t news, should not be an RNS.

Funding, not finding*

Can you explain why they are sound?

I tried to do some research on them earlier today, I could only find they are backed by a very new fund (Ancora investment limited) with someone who seems to be going it alone for the first time (Malek Meslemani).

Anyone else have anything of more substance on who is finding Cannaray?

Exactly - what’s more damaging… Windows comment that CBX will be in a rush to finalise so poor Sales / Cash / Profit arnt shown.

Or other comments saying their boys from the city / Investor relations told them / DM from x employee / inside information/ shares going to explode / buy the dip / price will raise on completion rubbish.

Honest conversations / input will help everyone to make better informed decisions.

To all those new accounts who are clearly an existing member trying to ramp up > windows comment is spot on.

All comments should be listened to and if you choose to ignore it, that’s all in your evidence. Ignorance is not an investment viewpoint id use.

A few of us have been here since day 1 and have different viewpoints. Windows comments is welcomed, very rarely (if any) have they been insulting. Trend tells you his viewpoint has been correct, so why ignore it?

My CBX view was initially positive first 9 months until launch. Then I dug into who owned the company & why they listed, gave free shares away and it was a closed Canadian club. Smelt fishy. This is why they were all moved out and have sold major positions.

Current price could be a winner, but I’m still pessimistic. I’m here as I’ve done more research than most companies so want to leverage my knowledge to make back what I’ve lost.

Windows comments are much more valid than your non substance points. Back it up with something and we would take it seriously.

This is why I like Rodger’s comments who has been here since day 1 and the biggest advocate of CBX. His viewpoint maybe slightly rose tinted, but that’s his honest view

Similar to you LGO - initial thoughts.

Pros
* More product ranges - helps synergies in Advertising
* leverage distribution points for CBX legacy gains
* One less competitor
* cost reductions (no need for two head offices eventually)
* Brand name - I like CBX packaging, hate the name.

Negatives
* Cash burn - Two loss making companies
* Integration - Another complexity to deal with - more board level changes. Not exactly consistent
* Shareholder wealth - I can’t see this being a positive in the short term. Two struggling companies combining doesn’t usually end well.

Guess work at the moment. Between 400-600k my estimate since Feb.

So hard to guess.

For those optimistic, I do agree there’s probably a small float available. A bit of good news, I wouldn’t be surprised to see 5p. Though from then, the urge to get out of CBX (minimise some losses / sell at a profit for those who bought in low) maybe attractive.

For those of us who are less bullish (myself presently), could the latest news be the last swing of the bat to change the SP momentum to enable a raise?

History of CBX doesn’t give confidence for shareholder value, but all it takes is a good distribution deal and I wouldn’t be surprise of an upturn.

My view, if it’s a raise at a low value, existing shareholders maybe significantly dilute. To get a sizeable raise (say £10m+) May need a wealthy individual to invest as if struggle to see a demand for another 500m shares at 2p.

If the share price is around 5p and a raise happens (say at 4p), it’s similar to IPO and aside from cash, CBX are better placed vs Feb initial IPO. Better management structure and products available.

Very positive news this morning, Sold at the wrong time at 2.1!

Certainly more positive for shareholders this week. Maybe the best week since CBX have stated.

That’s certainly a marked improvement on engagement. Facebook still has less than 800 followers, so fingers crossed cbx get a bigger following.

Do you think yesterdays performance will continue today?

Oh not again - 20p by Xmas…

I’m the opposite - Great news on the face of it, nicely delivered, but this needs sales.. cash has to be running low soon.

My guess early in the year, was a share raise announcement by August as I’d guesstimated cash run out by around November.

Ok, no raise announcement yet, but the cash burn will surely be real.

Key, as I have mentioned many times is distribution. Just Amazon / CBX won’t cut it unless this goes through some significant media attention.

Demand for this share isn’t exactly high at the moment. That’s a huge worry.

How much is an RNS announcement? I suppose the benefit of an RNS is it documents the release for interested investors.

Personally, don’t mind this activity - this won’t be the reason why CBX fails and there’s a benefit for it. But, it’s not important news ATM. A distribution listing would be, but I’ve said that before :-)

Just nervous with the soon to be announcement, I’ve been burnt before so happily sitting on the side. Only stated position to be transparent. If it cannons up, I’ll laugh.

If it slides again, I’ll be quiet.

I’ve sold again… 8% profit. Winning ??

Gross margin, I wouldn’t be surprised to see 70%+ at these prices.

EBITDA will be smashed though due to minimal sales not covering the operating / head office costs.

Agree you wouldn’t amend packaging unless wanting to expand which is positive.

But, with that comes additional costs and also, we haven’t exactly set the local market alight IMO.

A move I agree with, but the same issue exists of CBX low penetration and only really available at Amazon.

Maybe that’s the play - Expand wholly via Amazon.

I even bought back in with a small gamble at 1.9.

Still expectations I’ll have my head in my hands at the end of this.