RE: Moving forward8 Jul 2023 08:43
Message to the amazing members of our TG group this morning who only want the company to engage them.
Good morning all , thank you for the kind words , let me make my case again and let me know your thoughts.
If we take emotion out of the equation then we can all agree we have an amazing product range which should be successful, but if this keeps following the same trajectory then we will end up either massively diluted and lose even more ( don’t forget we have already lost 15% to Matthew lodge) or we go out of business.
This really hurts me too as I absolutely loved this business from day one.
We have no money left , the cash burn has left us with no
1. Budget for advertising
2. Budget to expand new geographical areas
3. Budget to release new ranges
4. Budgets to fund R&D
Sales are absolutely dismal and haven’t increased , the only time we get more than one sale per day is when give free products away.
The SP is now in the 0.7s and there is no reason why is should not just go even lower.
For ages I was blind to this and expected a decent increase but as I have been trading other companies and watched the market I have seen lots of companies go bust or into administration, this could easily happen to us , we are not special.
We have a CEO who is part time and spends most of his effort on his other role , we do not have any other active directors, they are all NED and by the looks of it have delivered nothing of value to shareholders.
This Kingtide deal has no substance whatsoever behind it , if it did they would have least released some information, they cannot even answer the simple questions.
What I need is all of us to start shouting loud , we need to make them respond by social media accountability, if not they will keep ignoring us and we lose out.
We have seen how the SP bounces so let’s make them talk and get a bounce , you maybe able to get a decent amount for your shares before we all lose everything.
Please believe me in that this is not what I wanted to happen but it’s a been over 2.5 years and we are languishing in the pits with no chance at the minute unless we push.
Have an amazing day
Take care
Paul