Member Info for HopefulDave

I imagine the underwater is in reference to the fact the BOD themselves bought 500,000 shares at 39 pence each before they had even rolled to any significant number of stores, and here we are in 2500+

“Blind loyalty”’ I gave perfectly valid reasons for why I’m voting how I’m voting RKB.

If you think I’m happy with the way the initial results RNS was handled and the corresponding SP action (aside from ability to add more shares) then you are clearly mistaken.

In “happy clappy land” as your new friends refer to it, I’ve made it clear it wasn’t handled well as we can see by the SP and also to them I’ve made mine and others feelings clear also.

However it hasn’t changed the fundamentals of the company, nor the investment case as far as Chill or its products go, nor my opinion on their ability to deliver what they need to deliver.

We will get a new chair and a new FD and a BOD of 4 + NEDS, it is all coming. And that will tick that box.

I just don’t see the need for the crusade to clip wings as productive, far from it…

I think you'll find you have too many conspiracy theory pills RKB.

The LSE website is toilet, and the posts keep disappearing on my screen and re-appearing....

It has nothing to do with the bod, or a conspiracy, good god man get a grip...

I'll be voting for all resolutions, as will my family.

Have no concerns on issuing of shares. The company had an almost 2/1 oversubscribed placing at 60p and chose not to issue more shares than they did at that point in time, they only took what they needed.

They aren't a share confetti machine, if they were they would have taken the lot then.....On the off-chance later on in the entire year, something comes up that would benefit from any issue, I'd not have an issue with the company doing the right thing....

Just my two cents..

Because it is standard accounting practice look it up...

They haven't put ANY comments around the prelims, which again are last year, not this year, not ongoing costs etc....... which is the main reason the SP is here....

It was a bad RNS to release without context, as it basically gave the people like you the ability to rant and rave and point fingers and make up all kinds of rubbish, for lack of detail to explain it.

However as I do understand it, I'm more than happy to have added on this drop... (as also explained before!)

BB2 - It is an accounting practice to record share based payments as expenses.

They are recorded as NON CASH expenses.

However it is clearly too much for you to understand (or doesn't suit your agenda) as you will not listen to anyone who has mentioned this despite it being mentioned over and over again.... But there it is again.

It will no doubt be explained with the audited accounts...

I didn't bite back? why? Because I don't really care if someone calls me a name, I'm not 5 years old.

And all the time you boys are bashing the company I'm adding shares.

I have more than I have ever held, picked up some at 27.x yesterday (thanks again)

Also, if a person doesn't understand how to read accounts (something which you constantly fail to correct them on) and seems to be very confused over actual cash out V accounting practices of how you account for shares issued under operating expenses, as an example.

Why would I even respond to them?

PS - Keep asking the same question, as per all your history here, if answered you will just ask it again.... So why would I bother answering that!

I've added shares and I continue to add shares, that is the only answer you need to know.

What a surprise, VAS's career waffle managed to get in "distribution business" "covid" and "only a few orders a week" into his career waffle..... Utterly priceless!!!!!

And remember sales in Q1 with only 2500+ stores were £1.45m .....

To be fair the calculations make about as much sense as BB2 continuing to spout on about losses as if they are cash losses and have any resemblance to the current running costs of the company, but hey, you won't find "invested" Vascular putting him right on that either... Why is that I wonder?

The abacus is reborn!

Why focus on that.

Why not focus on the rollout starting properly post the year end and the fact they already have £1.45m revenue in Q1 this year….

Antha, why are you so concerned with what you believe is in my ISA & SIPP, or the house in which I live. I'm good!

And again, every troll seems to insist on valuing a company based on where it was between a period of 17 months ago to 5 months ago with zero forward looking whatsoever, and more to the point, not even looking where it currently is.....

It is since that period in 2,500+ stores. It will continue to roll to more. It's revenues will grow.

Now, you can wait, sit on the sidelines, and then invest when it is in 10,000+ stores.... But it will be a lot higher than it has ever been, when it is.

On that basis, the number of shares one continues to accumulate, is very much of relevance now, and going forwards, and I will continue to add more and more and more on that basis...

PS - I will have even more soon thanks to those still selling.

Antha, just like the delicious Chill Smokes.... Hush.

Told you before, I'm doing fine thanks. I've got more shares than before. And that's all you need to know.

It's a growth company, it should be valued as such accordingly......

If its sales were flat for 4 quarters which they will not be, it would be $8m for the year....

In Q1 it rolled into 2000+ stores and in July it rolled into 500+ in Florida. It is growing.... It will roll to more, it will increase quarterly earnings, it won't have flat $8m earnings at the end of the year, it will be in 8-10k+ stores in its last quarter.....

Last years accounts:

The actual cash out of the business last year was around £1.5m...that is all....
£2.6m of non-cash admin costs are the already known about share issues which have to be accounted for as "loss" and "expenditure"
£1.2m of the "loss" is because they have accounted the termination fee of the (yes it was bad) LDA finance deal...

Cash in Bank:

The company had £330k odd in the back at the end of the financial year 31st March 2021.
They have since netted £4.5m from the placing at SIXTY pence.
Sales (at 30%+ GP) in Q1 alone were £1.45m from distributors.

Sales:

Total for last year starting out was only £320,875.
Already this year in Q1 the company has booked $2m (circa £1.45m) at a 30% GP margin.

Selling in physical stores:

The company has now reached 2500+ stores at last communicate count.
It is selling in the number 1 smoke shop chain in the USA and it is rolling (still) to the entire SF network.
AATAC is still committed to 10,000 stores initially with full store rollout after to be scoped from that point.
Additional distributors remain committed for their rollouts also.

Covid:

As per UK Covid has hit the US and UK - you can see it in our own supermarkets and shops here, so the rollout is not as far (or wasn't at last being told) as along as expected but still 2500+ physical stores and still rolled out over 500+ stores in Florida in July alone, most of these are new additions since March 31st.

So whist this may have slowed down things, it is by no means preventing the company from moving forwards...

MCAP Valuation:

If you take Q1 and flat it out for the year with NO GROWTH you get to $2m * 4 = $8m * 10 and a valuation of where we are now...

This however takes zero growth into consideration, and no value to the online business which will grow with the chill domain...

What has been bad:

IR and Comms have been atrocious. If the last RNS had this *factual* write up attached to it, then we'd probably still be in 35-40p and awaiting positive news flow. It wasn't and without any context it is bad, hence the SP opportunity that is here right now....

The finance deal. It was cancelled and cost the company a chunk, which has nicely been accounted for in last years accounts.

What is good / to come:

BOD appointments - Chairperson and FD. With these on board, the IR writing / RNS stance will certainly change for starters and free up T&A to proceed with growth opportunities.
More Rollout information - Stores increasing.
More Sales Data - There will be more sales to add to the £1.45m already made.
USA Ticker Change - Corporate Website up and then....
More IR / PR - Just keep an eye on the USA for IR events....

In short: I'd like to thank the trolls, and those who have panicked sold for the opportunity to now own more shares than had before.

The story hasn't changed here, its just been badly told to date, but that's about to change....

last time I looked today was still today.

Yep it's still today....

Not changed there....yet....

Fantastic opportunity to get into a Global Brand in the making here.

Rolled out to over 2500 stores within 2 years of product launches.

Distribution deals in U.K. Europe and USA.

FSA approval will see Chill products moving into U.K. stores.

USA continues to roll out with some of the biggest distributors in the country.

New products will launch before long.

Smoking cessation is a multi ten-billion dollar industry and growing.

CBD is a multi billion dollar industry and growing.

This is going to be an absolute monster of a company….