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Are you serious Raymond? You say he's reactionary and not ahead of the game, and yet without missing a beat he produced a prototype pod device. There's no note of desperation, try talking to him about it yourself he always responds.
UK sales figures won't be out yet, because UK sales haven't started yet. US is in pilot phase from what Eric Schrader's tweets show. I recall he said stores were selling through well.
Looks like they already have things covered. In Callum’s response this morning on Twitter he said the following
“ At #CHLL we're already speaking to potential recycling scheme partners + working on non-disposable prototypes to expand choices for adult users. I know responsible peers are too.”
CBD is no longer the company’s focus. They are first and foremost a nicotine free vape company. Chill.com will also be used to sell products from external brands and they have a good few on there. Check the US version of the site too. I wouldn’t be surprised if they move away from the gummies all together. It’s not the priority.
Q1 doesn't finish for another month. I too am not expecting any revolutionary figures at this stage. Chill was born again this year after Callum and co cleared out and cleaned up the company during 2022. It's all about the potential of these vapes and the marketplace on Chill.com. I'm not holding my breath for any real success on Zoetic or the CBD products either. Callum has been very clear that CBD is a tough gig and we can see other companies in that space dropping like flys. We have pivoted and we have survived.
Turnaround is not based on CBD. Chill is diversified now. Nicotine free vapes, marketplace brands in wellness, not just CBD products. Adapt to survive which is exactly what Chill has done.
This is healthy. The stock is up 36% over 5 days, 50% the last month, almost 200% so far in 2023. It can't always be rising and this has been a good recovery for a company that was close to death a year ago. I personally am optimistic over the longer term. The company has lots of cash plus a product that is in a hot category and a much wider play with their chill.com marketplace. All of that is going to take time to build into revenue and results so whether we're 20% up or 50% down, I'm happy to sit tight.
He doesn't have his shares yet.
From the RNS: (1) a Subscription for 25,000,000 new ordinary shares of 1 pence each ("Ordinary Shares") at a price of 4 pence per Ordinary Share for a total of £1,000,000 (the "New Shares") to be admitted from 15 May 2023; and
(2) the issue by the Company of convertible unsecured loan notes ("Convertible Loan Notes") with a value of £1.6 million. The Convertible Loan Notes carry a coupon of 12% per annum for a term of three years from the date of issue on 3 April 2023, and will be convertible into Ordinary Shares at 8 pence per Ordinary Share.
Very optimistic about this company. The CEO has raised good money at a difficult time and now has a solid runway. I also believe that over the long run the Chill.com marketplace and these vapes will perform very well. We should be cautious about getting to a pound though after the last time. Once the prospectus is out that target would be a huge MCAP. We've got to be realistic after essentially starting from scratch in 2022.
This feels like a healthy pullback as happens a lot after a run of positive news/excitement. It's now down to the company delivering and growing, which will take longer. Hopefully, we'll see some traction on vapes and other things soon. Another investor I speak to regularly introduced a brand to Callum and has since said they were very positive about joining the site so obviously things are happening.
Very happy with last night's review by Callum. I would say only that he did not say we would be in profit he talked about aiming to be cash flow positive so I'm not expecting a remarkable profit figure. We'll probably keep seeing the steady growth that we have for the last few months and I for one am more than happy with that in this economic market .
I'm pretty certain that Callum mentioned a returning customer figure around that 40% on a podcast. If so that is very good indeed but will require them to increase site traffic and conversions to have a meaningful impact on the money they can generate. Clearly that is another thing that they are working on through SEO/ marketing/ other means. I expect the marketplace concept will help with this and the new brands from this week look very well put together.
Damned if you do and damned if you don't by that logic.
If CHLL didn't raise any money they'd be criticised for having a shoddy balance sheet and no runway. The shorts would continue to shout 'death spiral' 'bailout placing' 'going bust'.
Then when they do raise money with minimal discount they get criticised for that too. In this market 12.5% is not a bad deal. Now those p***ing into the tent shout 'letting the city in on the cheap' 'mates rates' 'tree shake'.
And then if the markets turned and they found themselves unable to raise money, we'd be right back to square one with 'going bust' except without the possibility of a bailout. So better they get on with it and get themselves secure while things are looking bright.
The most facile claim of all is that a company is doing something 'before news' as if it's some kind of clever trickery. There is ALWAYS news on the way at varying intervals. I say crack on CHLL. Vapes and more to come. Anyone waving their fist at this is missing the point.