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Feels to me that there is a realistic chance that this is going to come good. I have been invested here way too long to think that this is going to be easy, but as others suggest the opportunity and the oil have not disappeared. I think the ex KNOC director now on the BOD and the JV on 3AB could signal the way forward for current assets and could create further opportunities in the future. Watching this with interest yet again....
From $10m MCAP to $1bn in one year and some on here talk about a lack of trust...do you really think that this type of rise in value can be done without a requirement for working capital? PW is way ahead of the curve and always will be. Next challenge is to mine BTC with the least environmental impact and guess what? PW again already ahead of the game...today's SP movement is a caused by some exiting and taking profit and some entering ahead of the next gap up..GLA
First estimates are for 250000 customers which I think is conservative. We've already informed that first product will be available in September....average spend is likely to be £200pa so there is a £50m turnover to start with. The idea that you can manufacture, market and deliver this level of business without a motivated and skilled team in place is ludicrous. CBX is unique for many reasons and todays news is a good start. The terms of a distribution deal should be next up, at which point todays SP is going to look pretty pathetic...
Should see this start to move...some have clearly missed the USP here. Fully synthetic lab manufactured cannabinoid. Peter Wall on the BOD and celebrity endorsed by DB. Next news will be around a distribution deal IMO. Forecasting initial client numbers of 250000 which I think is conservative.
I am well aware of the lack of progress...with a new director formally with KNOC, the company we sold Galaz to for $50m on the BOD I think a JV or sale is more than possible... I am just going to hold what I have and stay positive about a decent outcome...its not being green its being pragmatic.
As the covid situation on mainland Europe remains uncertain it doesn't surprise me that the potential funder has decided to add one or two caveats to the terms they want to offer. TBO I think it is simply a delaying tactic on their behalf, which allows time for the route out of covid to become clearer. The irony is that it is the lack of access for businesses to traditional funding worldwide that makes Supply Me Capital such an interesting opportunity. Today's RNS further reinforces my belief that SYME are the right product at the right time...I've added
O2B the debt for equity deal halved the SP and MCAP...on paper looks like it was good for the balance sheet and removed some uncertainty over Serinus as a going concern....what I don't like is that the directors then increased the size of the placing to allow them to purchase shares at effectively half price...looks opportunist and greedy IMO. Directors there on behalf of the shareholders and I'd like to see them add some genuine value, before rewarding themselves....heavily invested here.