Member Info for Dodge10299

Mel - monetary value through selling carbon credits

https://8billiontrees.com/carbon-offsets-credits/carbon-credit-price-per-ton/

Similar business that is quite advanced https://www.runningtide.com/

Mel - you are not stupid at all , neither can I but it’s certainly interesting, this is why we live in Cornwall away from all the big players lol , let’s keep life simple and enjoy the ride

Also it has been said numerous times that we have no chance in the skin care business as it stands ( LGO yesterday stated this ) it’s highly competitive and needs huge investment.

This new venture allows us to continue growing the skincare whilst generating income from another source ( please don’t ask me how but there is obviously a business case )

Look around at how other businesses diversify and it has shown fruition , I agree it will really help , don’t particularly understand the move but it certainly will create interest and it is a very hot topic carbon capture

If you look at the advisors this seems to be the common thread https://www.algalearth.com/

Https://www.kingtidecarbon.com/

Mel- I didn’t expect this stranger a thing lol , in all seriousness it’s very outside the box but we do need a different approach , we maybe evolving into a very different business model now , it can’t be any worse than the situation we were previously in so let’s see how this grows, who knows it maybe a great move.

As for all the negativity around let’s just ignore it now and watch with interest , it also gives a very different investor appeal to the company.

Good luck to them and all of you

Https://www.theatlantic.com/science/archive/2022/05/kelp-running-tide-carbon-removal/638421/

It seems to me that they are pivoting within the parameters of what the prospectus would permit.If there is substance to Kingtide it ( ocean based solutions ) is a very exciting space that is getting a lot of attention within the all ready red hot carbon capture sector. See ventures like: https://bit.ly/3NSmuCO

I’m thinking the company needs to engage their shareholders to give some clarity , I have no idea on this move , could be a very interesting time , maybe expect an RNS stating the skin care portfolio has been sold off , who knows

Absolutely, never give up , stranger things have happened

I have to agree , been watching OCTP, HELD, KNB and CHILL for a long time now. Our time will come just when nobody knows.

LGO- your point is true but I think the Cannabinoid factor is no longer the main point , if the efficacy of the product is proven then we have an amazing chance at breaking into the skin care market, the ingredient no longer concerns me anymore it’s all about if customers find the products to work, if this happens then we can be a very successful small player in an incredibly big market.

Had a good think about CBX over the last 24 hours and my views are below , not sure if you agree but it’s only a view.

We are burning £1.3m in 6 months ( taken the £600k one off cost out) so we have 12 months from end of February at current reduced cost burn before we run out of capital .

Sales are nowhere near strong enough or showing growth to cover anything , we need sales of £1m+ just to give us a fighting chance .

It’s seems like we are just treading water and holding out for a deal / takeover to land which will enable us to drive the business forward.

The question for me is regarding capability of BOD to get a new deal , do they have a big enough network to generate interest in the company ?

The product base is very good but way to small and we have spent all of our money which allows RD and marketing , we need serious help in breaking into this market which I feel we have the potential to do.

It’s a shame the first 18 months haven’t gone to plan but we need serious help now and let’s hope the BOD have the connections and influence to generate a deal to help the business and shareholders move forward

I still am supportive of this company as a customer and investor but business is tough and we need help

It’s easy to criticise ( I do it as well ) , we are in a strong position.

Imagine a new business with a small presence but great products coming to market , they had £2.5m in the bank and had the benefit of hindsight ( last 18 months failure )

You would all love it

Let’s take a breath and re-evaluate.

Very poor first year with massive cash burn and no sales.

Second year sales growth ( maybe small but growth is growth ) and reduced cash burn.

£2.5m in the bank so no debt.

All it takes is a new strategy and CEO when they decide , just look at Chill , a new CEO and strategy plus they have had to raise.

This can still come good , but I do understand the negativity

https://www.proactiveinvestors.co.uk/companies/news/1014240/cellular-goods-ramp-up-revenues-streamlines-costs-in-first-half-1014240.html

Still a good place to be in , lots of companies have made mistakes and run out of money , at least we still have money left to go again , my apologies for posting the incorrect cash figure , good luck to them , I’ve had my blip and will continue to buy product.

Agree - at least the company has taken fiscal responsibility which is more than can be said when Anna launched the outdoor campaign and spent millions.

I maybe disappointed today but almost £3m in cash is still a lot and if spent wisely ( which looks like the plan) then gives the company a chance.

They have a small presence now and a lot of learnings , £3m in cash and small but growing sales so a positive there.

We all expected so much and have just watched our investments capitulate, we have a chance so let’s keep positive.

£3m cash
Sales growth
Recovery range good to go , just needs a responsible strategy

I’m thinking we may get hammered on SP again now , really poor RNS , no clear direction , the Cannaray deal really derailed any plans.

£5k per month sales is poor , I wouldn’t mind but they are still not engaging existing customers who are obviously loyal ( mainly investors )

I hope they have something up their sleeve soon as we cannot goon like this , sub £100k sales for year 2 doesn’t even pay for one salary.

https://polaris.brighterir.com/public/cellular_goods/news/rns/story/rm4d6vr