RE: They Must Be Thinking Of Going Private19 Jul 2023 16:45
That’s a really fair point and your input is much appreciated. From the outside and without knowing me I completely see why you have these ideas about me, I probably would myself.
Let me tell you why and my motives so I can be clear with my intentions. Your post was very articulate so let me try to do the same.
For start I am not a person who invests apart from my pensions and ISAs that are held in management companies, so for me to decide to invest in CBX at IPO and the weeks after was a very big decision and one that I took carefully and with what I thought was very good due diligence, I read the prospectus and felt quite an emotional bond for the journey that Alexis and the team where embarking upon.
A small bit of background information is that 10 years prior to this I invested in Yell.com / HIBU for quite a big amount, the RNS and rhetoric where all positive and I ended up losing it all due to alleged fraud by the BOD.
Not only I have invested my personal funds but I have also been a very active customer and advocate for the company. I truly believed we had a chance.
One thing I promised to myself is that if I ever had an inkling again that a BOD who I had an investment in was following the HIBU / Yell.com path then I would not stand by and be silent.
I am significantly down in this investment by tens of thousands of £. If you took the time to read the post history from me etc then you will see how immensely positive I have been ( I must say thank you for calling me out on being positive as well as my negativity as it is now , very much appreciated)
I presume you have deep dived into CBX and the set up that is KingTide and discovered the very grey areas that are quite very obvious. Does this not concern you ?
Or the complete lack of update on any part of the skincare business , how about the Patent RNS or their lack of traction on retail sales or outlets.
All this could have been avoided if the BOD would have updated as promised.
My investment is a write off now hence my frustration with the lack of engagement from the BOD, I am an emotional person but emotion is not driving this thank you.
My last point to you is this , I am one man with a few shareholders behind me who are in agreement , I have asked numerous times if they want me to stop and have been told no please continue . I have 136 followers on Twitter so my reach is pathetic , nobody reads LSE anymore so this platform has no reach.
If my antics and campaign stifle any form of growth, investment or deal then we really are in serious trouble and shows the lack of influence that the BOD have in the business arena.
Your feedback is most welcome and if my peers tell me to stop then of course I will , why don’t you join our TG group as your points will be greatly appreciated and respected.
Have an amazing evening
Take care
Paul