RE: Has the company given up ?10 Sep 2023 09:43
Freese - I agree and I’ve said it’s all my opinion but let’s look at it factually again , most of us LTHS are 90% down , we have no active marketing anymore now , let me paste my original post below. How can you blame shareholders for not thinking the worse when Darcy and his team refuse to update or engage in a timely manner , we are not even marketing and somebody is selling their holding at an alarming rate , does that not worry you ??? It certainly does me
1. Poor sales which cannot sustain the business
2. Cost cutting which has resulted in delayed recovery range launch, which had been promised for over 18 months
3. Part Time CEO
4. 15% dilution for acquisition of Kingtide which is still a pipe dream , acquired in May , now September and nobody any clearer on strategy
5. All marketing put on hold , no social media presence anymore or marketing emails in over 2 weeks
6. Patents looking like not being granted for Skincare range , almost 18 months since patent submission and company refuses to update either way.
7. SP almost at historic low
8. No news on any innovation happening with the brand
9. Past history of poor decision making, almost £13m spent in 3 years to reach this point with the facts above
10. Key seed investors involved in WealthGreen and Ora Carbon , with our acquisition of Kingtide Carbon it looks from the outside as the boys club lining each others pocket.
11. Significant shareholders selling out at a time when we are being promised a bright future with Kingtide launch ? They are all connected so obviously not as bright as Darcy and his limited rhetoric is promising.
12. Matthew Lodge able to start selling his 95m shares from November 5th, that will play havoc with SP
13. BOD that refuse to update apart from flimsy scripted videos on Twitter
All the list could go on so don’t let the likes of Freese ( who it seems is connected to CBX) tell you all is okay and the future is bright.
The majority of us are 80-90% down on our significant investments, do CBX care ? The above suggests not at all.
To me it all suggests
1. Sale of Skincare brand , hence no marketing or sales
2. RTO again with no knows this time
3. Raise and more dilution for existing investors
4. Administration, I really hope not