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Do we think the BOD will take this opportunity to raise money for funding?
Hope not but is quite common after such large rises and momentum.
But I may revise my estimate of £1 depending on the sp by this Friday.
I mean revise it upwards.
Once you understand the business model and technology then the potential is clear.
A year ago I dithered when #ZOE was about the same price as it is now, about 4p. I eventually bought in at 10p.
I have not made the same mistake here. Bought in 2 days ago.
But even at current price of 3.90p, this is very very cheap.
In a year from now this will be at least £1.
GLA.
'Drilling has reached 1,340 feet now, that's another 90 feet since the ASX announcement this morning. All going to plan atm'.
This is hardly the statement of a BOD that are trying to dampen down the flames. Another 90 feet....
They'd love to see it go up as much as we would.
Probably through a combination of good foresight, good planning, changing the business model, luck, this company are now in exactly the right place at the right time with the right products.
Personally I think at some point in the near future one of the large tobacco companies will have us in their sights and will make an offer that is too good to turn down. I think this will happen within two years, once we have 3 or 4 sets of results from the new distribution network Sales results under our belts, and the trend of sales can clearly be seen.
Then you can take your guess at the SP, but it will be many multiples of where we are now.
Breaking the £1 barrier will be a great achievement, especially for the LTH who saw it drop from £1 down to pence.
All best.
If anyone was in need of a confidence boost in the company, which is unlikely based on the great planning and progress in the last 12 months, then todays RNS provides it.
Great news. Don't sell a bean yet unless you really have to.
Correct.
The Smart money is waiting on the side lines, to pick this off at below 10p.
Without significant official news via an RNS then this will keep drifting down.
Momentum and sentiment alone will not keep at this sp.
Look what happened to MXC and KNB. Eventual retrace back to IPO.
Many PI's taking their profits and banging into #ARB for upcoming 3-4 bagger when they get NASDAQ listing.
Which is what I have just done.
At the moment #CBX has funding but no products or business sales.
I will look to return in 6 months when they should be about to start selling something and generating cashflow.
GLA.
Thankfully I sold my IPO last Friday for 23p. Over 3 bags.
I will now wait for 10p.
The patient take money off the impatient.
Disaster for the weekend Rampers.
Only 40% of IPO PIs were able to sell last Friday due to trading platform issues and they've all arrived today.
MM''s have now wrestled back control and will take it wherever they want to take it.
Not sure why people are moaning about Rampers or Derampers.
At the moment this share is dog eat dog. It is a trading share and a chance to make quick money, and alot of it, potentuially.
The company has no office, no product and no Sales until October.
Until then its a trading share. Most people will be looking to sell as quickly as possible to make money or waiting to make money before it inevitably drops back down after the excitement of the first few trading days, as KNB and MXC.
That's what I am doing. If you cant stand the heat..........
Of course it becomes a longer term share if any official announcements about big On-line and high street partnerships which would rocket the share, even before any sales and fundamentals.
Until then, its a trading dogfight.
GLA.
This is just the next Cannabis con. No product and no Sales until Autumn.
Such a shame so many decent people are being conned by MM's on here with sp figures of 50p (yeah by when?) and £8 (yeah by when and based on what?) Ridiculous.
Cannot even compare to Zoe. Zoe was at 9p and it had an oil business and start of a CBD business. It has taken a long time to get CBD sales outlets and new markets.
All these rampers will be selling as soon as they can do so, so that they can get 3 times their allocation price, while telling others its going to £8, just you watch.
Momemtum dripping away. A poor increase compared to the gains with MXC and KNB.
Very disappointing. :(
Who's going to blink first before the next sell-off.
Unfortunately can see it retracing all the way back today. Needs lots of news.
How can FUM manipulate the price upwards without at least releasing any RNS even if it was all BS?
I'd be interested to know.
If any company could manipulate the price upwards without releasing any news then all bets would be off.
Astonishing, superb, magnificent news!!!
This BOD are clearly on the ball.
Great news for shareholders.
Not in here yet.
Was looking to buy last week but ended up putting my money elsewhere which is just aswell.
From research it seems to have a lot of potential. But reading comments on here it seems the CEO wants the price to go down. Very poor communication will just let it slide.
Seems it may have further to slide.
I'm going to wait for £5.