Member Info for gallini

Yes, they have said a couple of weeks and imminent for about 7 weeks now

Good post JJAL

Yep, nothing to celebrate yet

Buying pressure moving this share into typhoon Hagibis territory sending it into orbit

Just had a look on their Twitter page of the plants growing. Very impressive

NT has his feet firmly on the ground currently, he is not making an wild predictions. I totally agree that anything can go wrong, so a lot of work ahead but I willing to give them the chance to establish the new company.

I think he is communicating a lot better than the old CEO isn't that what we wanted?

Zoetic International PLC (LON:ZOE) surged 7.6% to 4.25p after it said it has adopted a share option scheme.

The vertically integrated cannabidiol (CBD) and natural resources company said that under the scheme, all of the company's employees will be eligible for awards.

The company said it has issued 7.16mln share options that can be exercised at 10p a pop

If the seeds are of good quality then 18p is very achievable imo

The other key points are we were very keen to address some concerns we’ve seen in the market that people felt that we were running out of money or, for some reason, need to do an emergency placing. We disclosed we have cash balances in excess of £1 million as at the half year and we’ve also reminded investors that we have a number of performance bonds with three separate US states. They amount to $360,000 of which we have already received $60,000 back and we expect $140,000 back before the end of the year, we can obtain these refunds as we are moving out of the oil and gas business and focussing on CBD.

We also have done a deal with a company called Diversion which is a company part-owned by our current Chairman and also our former Chairman. Diversion has a small debt that it owes the company of $125,000 and we have, in return for part satisfaction of that debt, agreed to buy back 950,000 ordinary shares in our company from Diversion and also receive $65,000 in cash from Diversion which will go someway to extinguishing that debt. That tidies up the balance sheet and it just brings a little bit more cash into the company as well.

So, those are the main points that we’ve tried to get across in the announcement.

In addition to that, we’ve demonstrated that we’ve very significantly cut costs in the business compared to last year, we are now down to a run rate operating cost of about £2.5 million per annum. That reflects the cost cutting measures we announced in the AGM 6 weeks ago.

https://www.***************************/zoetic-international-qa-high-margins-in-seed-genetics-brands-lonzoe/412794917

With a fast growing business in a huge market we should see regular news now

NT doing things the right way so far. No reward before success.

The price hasn't moved? Really? Come on lets be realistic

I also like the way NT doesn't try and grow too quickly.

Happy with that in general. Clear and precise, a lot of work ahead.

Zoetic International's plans to develop feminised hemp seeds for sale are proceeding satisfactorily, with the first seeds likely to be produced before the end of 2019. Revenues are unlikely to be earned prior to the growing season beginning in the first quarter of 2020, but our assessment of what we have achieved so far is that this project is likely to be successful.


The Company's 33,000 square foot indoor growing facility in DeBeque, Colorado provides ideal conditions for seed production. This facility was bespoke constructed for growing cannabis plants and our ability to control the climate and, importantly, exclude male pollen, provides Zoetic International with a significant competitive advantage in this very high margin segment of the CBD industry.

Yes it was only banter, this current situation is depressing. I will have a good in depth read of the update tomorrow then make a decision.

What a joke. I am not brave enough to buy any more

Who's gonna be the first brave soldier to buy today.

Tomorrow then if true to word.