RE: I Love an optimist5 Jan 2023 09:35
Casspoet- you don’t know that , I would imagine though a lot of the investors from day one are having a calculated gamble and reducing their average as I am , to be truthful it’s worked really well and only time will tell if I break even but it’s looking very good for me , obviously if we don’t bounce back then I’ve thrown money away but here’s why I think we may be okay.
Target SP for me is now 3p and that I feel is achievable with the RTO , we have cash in the bank and whilst I agree the first year has been a disaster for sales ( I put this at Anna’s doorstep as she said on the webinar last year that she doesn’t want to chase sales as customers should be thankful to buy our products , I will never forget that, we failed to capitalise on customer retention but I feel and see that we have hopefully taken these lessons and moved forward, )
If you sign up to Cannaray they seem a lot more astute with their targeted marketing and commercial adaptation to get a sale from customers, this is what we need.
Let’s not forget distribution and retail outlets that they are already present in , we will benefit greatly from this if we launch correctly.
The cannabis sector has been destroyed this last year ( windows has shown this over the last year with his data ) but in my opinion it will bounce back , the health system in the UK is broken so a lot of people are looking at holistic health and Cannabinoids maybe a part of this.
Have a look at OTCP , I’ve been watching for a while and they had IPO at 5p I think only to drop to 0.5p , they are now trading at 1.10p and growing as they carry out trials soon.
Any business can have a poor year and turn it around , we are commercially only just over a year old with more products to come.
We all laughed and complained that we wish we had a chance to buy in at the 1p level like the other significant shareholders , well now we have so either take a chance or don’t it’s always a personal choice.
Look at ARB and it’s bounce , the markets are gruesome and we have rightly been punished for a lacklustre year of sales but we are showing sales growth and let’s not forget the most important point
THE PRODUCTS ARE FANTASTIC AND HAVE GREAT EFFICACY , if any of you haven’t tried them then try now as the gift packs are on sale and are very cheap.
Good luck