The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Bobat - dont expect anything soon from BOD , they have shown the utter contempt for the very investors who bought in at IPO and helped raise the £13m , now they can’t even be bothered with us
Don’t get so depressed about it , we win some and lose some , CBX maybe a struggling but keep some faith and fingers crossed that we can get something back.
The skincare brand has lost another member of staff again , that’s 2 in the last month , I think this leaves the company with about 5 employees and most of them are either part time or NEDs. I think this shows the skincare brand is dead now so let’s hope the diversification to Carbon capture / Trading has some traction when Darcy decides to update investors
Q&A regarding capital restructure
https://www.oxcantech.com/userfiles/files/FAQs%20for%20Investors%20on%20Capital%20Reorganisation.pdf
Very kind my friend , I actively encourage people to call me out just to make sure I am being thorough in my thoughts and feedback.
I agree you can make some good profit if you day trade CBX now but unfortunately we aren’t in that boat anymore
Absolutely Freese - I appreciate a gamble has been taken which may not pay off , but I for one will not take poor leadership lying down , if I lose all of my money so be it but it won’t be quietly.
I know my rantings achieve nothing and thank you for your concern about my health but honestly I’m not stressing about it anymore so my health is hopefully perfectly fine thank you.
For me this is about integrity and delivering on what you say you are going to deliver , times maybe hard but be honest with your investors and stop treating them as imbeciles, just come out and say we are struggling and trying rather than the bullsxxx that keeps being released.
Freese - we could go on for ever me and you and we will never agree on this , I think it’s a disaster and you think all is rosy and the BOD are delivering , let’s agree to disagree and hopefully we will both get a decent ROI some time in the future.
One last point , Darcy is employed by the shareholders for the shareholders, without us they wouldn’t have raised the £13m , never forget that and when poor performance continues they should be held accountable as in any other walk of business life
Freese- good afternoon , until about 6 months ago I was very emotionally attached to CBX then I had a chat with Darcy on the back of an email I sent regarding customer service and retention and it all changed.
I found Darcy very respectful and if you look at his CV etc he is a very successful business man but from the limited conversation we had I had a moment of realisation that I had been wearing very rose tinted glasses.
I can accept a poor ROI and have done on many occasions in pensions and ISA et, CBX was only my second venture into an investment outside of the mainstream portfolios etc.
I have done a lot of reading pre and post IPO into how they are running and executing the business plan for CBX and what I have posted are my true beliefs.
The fact you say it is not fair on other investors I say should be reversed back onto the company itself.
I haven’t taken the £13m and delivered a 90% ROI
I haven’t decided to liquidate all investors by 15% and fail completely to update and give belief.
I haven’t delivered a poor commercial rate of sales which has resulted in cost cutting to the point that all marketing and future product launches have been cancelled.
Freese I could go on with my THEORIES as you say but you have to understand I am frustrated and seriously annoyed with the lack of clarity on my investment, i any other line of work I could hold people accountable but unfortunately on the stock market you cannot and this is my only form of releasing my anger to the way they have treated our hard earned money.
Now if you have invested in the last 12 months then you have a very good chance of making a healthy return but for the LTHs we have no chance.
You have absolutely no idea how the LTHs are feeling ( no disrespect meant to you btw) if you did you too would be shouting where is my investment and why have you stopped everything.
Freese we will just have to agree to disagree but I will keep making my points as loud as I can until Darcy and the BOD show some integrity towards it shareholders.
Have an amazing evening all and good luck
All - ive been here since day one , invested 10s of £ks which is significantly down , spent almost £3k on products since launch to support the brand, was once one of the most loyal supporters on forums against a lot of negativity, still really want the brand to be successful.
So I please ask call me out on my recent negativity and show me I’m wrong to be concerned , if I am biased or wrong then I will gladly admit my mistake.
I want this is to be successful but I’m not blind to what I can see happening over the last 12 months.
I’m ready to brought back to positivity if someone can just show me the way please
Plus I asked a question on their webchat on Friday morning before I spend another £150 on product and it’s now Sunday and no reply
Again does this fill you with confidence that all is well ??? Even the most positive which I used to be must be having serious concerns
Tell me I am wrong and all is rosy
Freese - I agree and I’ve said it’s all my opinion but let’s look at it factually again , most of us LTHS are 90% down , we have no active marketing anymore now , let me paste my original post below. How can you blame shareholders for not thinking the worse when Darcy and his team refuse to update or engage in a timely manner , we are not even marketing and somebody is selling their holding at an alarming rate , does that not worry you ??? It certainly does me
1. Poor sales which cannot sustain the business
2. Cost cutting which has resulted in delayed recovery range launch, which had been promised for over 18 months
3. Part Time CEO
4. 15% dilution for acquisition of Kingtide which is still a pipe dream , acquired in May , now September and nobody any clearer on strategy
5. All marketing put on hold , no social media presence anymore or marketing emails in over 2 weeks
6. Patents looking like not being granted for Skincare range , almost 18 months since patent submission and company refuses to update either way.
7. SP almost at historic low
8. No news on any innovation happening with the brand
9. Past history of poor decision making, almost £13m spent in 3 years to reach this point with the facts above
10. Key seed investors involved in WealthGreen and Ora Carbon , with our acquisition of Kingtide Carbon it looks from the outside as the boys club lining each others pocket.
11. Significant shareholders selling out at a time when we are being promised a bright future with Kingtide launch ? They are all connected so obviously not as bright as Darcy and his limited rhetoric is promising.
12. Matthew Lodge able to start selling his 95m shares from November 5th, that will play havoc with SP
13. BOD that refuse to update apart from flimsy scripted videos on Twitter
All the list could go on so don’t let the likes of Freese ( who it seems is connected to CBX) tell you all is okay and the future is bright.
The majority of us are 80-90% down on our significant investments, do CBX care ? The above suggests not at all.
To me it all suggests
1. Sale of Skincare brand , hence no marketing or sales
2. RTO again with no knows this time
3. Raise and more dilution for existing investors
4. Administration, I really hope not
Just to prove a point I asked a question yesterday on their webchat about a discount code I have , wanted to make sure it was still active before I placed an order.
It’s now 24 hours later and still no reply !!! That’s how we know they have given up , not going to place my order now as probably won’t get delivered.
Does it not scare investors that’s someone is selling 2m shares for a massive loss , it certainly does me , this is all corrupt and stinks of insider trading , the BOD really need to update shareholders , you would not sell 2m when the rhetoric from Darcy is that all is looking good for delivering shareholder value in the long term , they are screwing all shareholders over ( apart from their friends )
We have a really good idea that the skincare range is being wound down and sold off but if you follow Ora Carbon and Wealthgreen they are all starting to push for launch very soon.
All 3 companies are interconnected so maybe we have a silver lining. Mike Edwards who is personally advertising Ora Carbon on IG was also an original investor in CBX and ARB, Derrick Dao who founded Wealthgreen is President of KingTide.
This is all too interconnected to be a coincidence so as sad as it is for us to lose the Skincare we may get our chance on a bounce to get some money back when the Carbon Capture story starts.
Still a Novice - I’ll post my views below , the facts are correct but the rest is just speculative due to the spineless nature of our current BOD
RE: Has the company given up ?6 Sep 2023 03:48
To be honest I’m only speculating which happens when a company goes radio silent. Let’s look at the facts we have at present
1. Poor sales which cannot sustain the business
2. Cost cutting which has resulted in delayed recovery range launch, which had been promised for over 18 months
3. Part Time CEO
4. 15% dilution for acquisition of Kingtide which is still a pipe dream , acquired in May , now September and nobody any clearer on strategy
5. All marketing put on hold , no social media presence anymore or marketing emails in over 2 weeks
6. Patents looking like not being granted for Skincare range , almost 18 months since patent submission and company refuses to update either way.
7. SP almost at historic low
8. No news on any innovation happening with the brand
9. Past history of poor decision making, almost £13m spent in 3 years to reach this point with the facts above
10. Key seed investors involved in WealthGreen and Ora Carbon , with our acquisition of Kingtide Carbon it looks from the outside as the boys club lining each others pocket.
11. Significant shareholders selling out at a time when we are being promised a bright future with Kingtide launch ? They are all connected so obviously not as bright as Darcy and his limited rhetoric is promising.
12. Matthew Lodge able to start selling his 95m shares from November 5th, that will play havoc with SP
13. BOD that refuse to update apart from flimsy scripted videos on Twitter
All the list could go on so don’t let the likes of Freese ( who it seems is connected to CBX) tell you all is okay and the future is bright.
The majority of us are 80-90% down on our significant investments, do CBX care ? The above suggests not at all.
To me it all suggests
1. Sale of Skincare brand , hence no marketing or sales
2. RTO again with no knows this time
3. Raise and more dilution for existing investors
4. Administration, I really hope not
Don’t forget we have the LSE listing which in itself is worth a fair bit of money , my guess is on an RTO once the skincare has gone , I presume it will have to go through the FCA with a prospectus etc.
If only we could have foreseen this 2 years ago , shame on the current BOD for hiding and failing to update , it’s a dereliction of duty.
It is very interesting who they will sell too and makes complete sense that they have wound everything down , no social media , no DTC emails , this means no loose ends when it transfer over to the new owners and CBX becomes a Carbon Capture/ Trading platform with Ora Carbon , should be very interesting.
Who do we think will but the skincare brand ? I hope it’s a decent company as the product is amazing and deserves to be continued , the team who innovated the range should be allowed to carry on with their great work.
All we might as well just give up , they have even stopped all marketing now , this so surly the end and they are selling or going into administration.
The only way to stop this rhetoric is for Darcy or somebody else from the BOD to step up and update either way , it’s a disgrace and shows the utter contempt for shareholders.
If this ever goes to a raise then stay away , they have showed their true colours and how they value investors , this should be a major red flag for any investors who may think about investing
Bobat - do you believe RNS ? Have a read over the RNS history from CBX and you will soon see it’s full of false promises and projections , this is not me being negative but factual , read them all in detail and let me know your thoughts
No need to buy in when you have been gifted 95m shares , the other BOD are either NED or part time , nobody really leading the company , directionless now
They have taken all our money and don’t have the decency as leaders to update with integrity , shameful behaviour