Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Openheimer two things to correct:
1) This did not happen under Callum's watch. They suspended him on false allegations so they could get him out of the way to be able to do this while he wasn't able to stop them.
2) More directors are not being fired. Eric Schrader has resigned, I wonder if he is involved with Russo and Taylor?
Neil I agree that sentiment is bad but aside from that what argument are looking to be addressed?
The media reports on a vaping tax talk about it relating to nicotine strength and Chill's existing product is nicotine free so I'm not sure that's a problem and could in fact be very positive for the business.
The news on vaping is now out, so the damage is done. The implementation itself will not be a new negative event and looks to be way off in 2025 if the Scottish draft law is correct.
Neil as I've said before, they raised money in January. Announced here: https://www.londonstockexchange.com/news-article/CHLL/equity-fundraising/16305255
So the raise has been and gone. Yes there is bad sentiment around the vaping industry, but they've communicated what they plan to do with the release of their pod devices.
I passed through Heathrow airport last week and saw Chill Zero in the WH Smiths there. I thought that it was extremely clear from the packaging that these products have more puffs. To the point someone else made, I also think that the fact it says ZERO NICOTINE in bold rather than "THIS PRODUCT CONTAINS NICOTINE WHICH IS EXTREMELY ADDICTIVE" really does make it attractive on the shelf.
DA can you please clarify what exactly you are referring to? What relevance do prior borrowing arrangements from years ago have to the business today that is focused on different products and has delivered in new markets.
David Ash: a major reason Supreme went up is that it is majority owned by one person, its CEO. There is a tiny free float, and they announced a £1m share buy back. That is what drove the movement.
They are different companies entirely. "Too many restarts" is not the reason for the company's share price as it stands. Changing strategies is what has ultimately saved this business and allowed it to remain in operation today. Pivoting does not have to be a costly affair. In this case it has caused the company to generate more revenue than it ever has in the past.
I'm not sure what point exactly you are trying to make, but the comparison to SUP is not a particularly effective one.
Yes they have signalled this before and in the RNS yesterday:
"As part of this range extension, the Company intends to introduce products that will provide users with a means to gradually reduce their nicotine intake. Chill Brands' expansion into the nicotine category is expected to dramatically increase the size of the total addressable market served by the Company's products."
I don't think he sounded shaken at all, but rather like somebody who had spent a long time on the phone and was defiantly making his point.
The market won't have reduced at all. What may reduce is competition as some of the overseas led brands that are after a quick and easy buck will just look elsewhere.
It's made very clear in the announcement, and from everything else we've seen, that they are growing at a rate they wouldn't be able to cope with without taking on some additional funds here. We know from Callum that these major retail deals are hard on the cash flow to start with because it could be 2-3 months before you get paid. This is NOTHING like Zoetic, because there are actual sales and obvious growth. As for Amazon, they've been out of stock on lots of it until very recently. You don't go out of stock without selling...
Are you mad Roger? Read the announcements. They launched a new product, which has almost immediately gotten deals for Morrisons, WH Smith, Shell, Esso, BP and more. Disappointed in the progress of the share price, sure. But disappointed in the company, no way!
Chill is becoming more and more visible every day, which means consumers will see it, try it and start to build the brand recognition. I don't think the fact that your local stores don't know them means anything yet, but I'm sure they will do. The products first came out in August 2023 and they've been building their distribution channels, but the brand is only now launching into the mainstream with Morrisons, WH Smith, etc etc. this quarter.
The share price will do what it does. That doesn't change the fact that this business is growing in the right direction and one day the market will realise it. There may be bumps along the way, but we've already had a taste of the success to come with retailers and sales jumping up in 2023.
Lostmoney you keep banging on about Amazon sales in the last month. The only thing we can tell from the Amazon system is that for a decent number of the products it says "100+ bought in the last month". If you know anything about Amazon, you will understand that that's very good indeed for a product that I believe only went onto Amazon in November time. It takes time to get into their algorithm and scale. Chill is already doing that very well on the site.
Oh and not to mention, how about sales to WHSmith or Esso, or Shell, or BP, or independent stores, or a top 5 supermarket? This is not hype, I'm regurgitating what we know from recent RNSs.