Response to Investor Relations27 May 2023 07:12
I know some of you may be bored of me posting now but I’m not giving up on getting answers , please see below my latest email to IR
Good morning Darcy
Hope you are well , thank you for the email. Support will be unconditional from me and a lot of the original investors from IPO time.
There has to be a level of understanding and empathy from the company for these investors. From day one we have witnessed the slow decline of our investment and growth of the company.
We are not naive, we do realise business is tough and we have to take a pragmatic approach, investments go up and down we have to accept that.
What we do not want to accept is how the company engages its smaller retail investors.
You have been there since day one and witnessed the IPO and primary bid launch , it’s was aggressively targeted to smaller retail investors and that seems to be have been forgotten now.
Take a pragmatic approach and read all the RNS since day one and media news , we have promised so much hence retail investors are upset and confused at where the business currently sits.
We all know skincare will not deliver a financially viable business short to mid term , we are not placing blame and again have to accept this.
We have now acquired a business in Kingtide which has cost 15% of the business, when investors have delved deeper there is no substance to anything , the questions on Twitter are really easy to answer and share in an engaging way with investors.
We are not asking for in depth detail , just share some photos etc and give investors some faith that we can trust the company, is this too much to ask ?
Cellular Goods decided on the retail investor approach to raise the capital and should have the integrity to engage.
Good luck
Paul
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