Member Info for obstando

"To level the playing field : I came in at 23. 47 .for 63k"

You couldn't have been much of an investment banker if that represents 75% of investment pot

Most here would hold substantially more than that

....are the schools on holiday this week?

Nearly a billion shares in issue and still loads of warrants outstanding.
£7M raised 6 weeks ago and now another £2M raised for admin purposes and marketing!
Where's the money gone?
An "everything must go sale" won't be adding much to the bottom line. How much profit did they make from the fire sale?
If you think your money is safe there then good for you but it's still very high risk and until they stop trading on a Mickey Mouse market the SP has no chance of much upward movement. People were shouting what a great buy it was at 7p, 6p, 5p, 4p etc

So another £2M raised on top of the £7M raised 6 weeks ago for admin purposes and marketing.
How much do these fighters cost and what's happened to the £7M in 6 weeks?

You can work out roughly what their monthly costs are to date so run that to autumn and then add in the cost of raw materials, production costs, packaging, marketing and distribution. There won't be any income for a good few months after launch so therefore I expect another raise.
It's all well and good saying that product development and growth will come from sales but reality is that the company won't be in a profitable situation for at least 12-18 months if not longer.
What form of debt are you referring to Amran? You may find that a cash raise is a far better solution than debt.
When anyone mentions a cash raise everyone gets scared - it isn't necessarily a bad thing and if there is a clear plan then the market may even see it as a positive.
The reason they didn't accept the over-subscription I guess was because they were hoping the SP would be substantially higher than it is now allowing a raise at a higher price.

Guys please stop engaging with the trolls - it's what they crave and thrive on
By asking for email addresses or posting something contentious they know someone will rise to the bait
The board was great when they were ignored and the sooner we put them all in the bin AGAIN and ignore them the better it will be

STOP ENGAGING WITH THE TROLLS!!!!

lutefisk - they are a company "planning" to acquire thousands of low-value wells (>0.5% Helium) in Canada.
I think I'll stick with the world's largest Helium resource (c.10% Helium) that will have the first drill turning within 2 weeks - thanks

noob - why? The company will RNS it when it happens and you won't find anything out of any worth before that point. Relax and go for a walk in the rain!!

benboro "is there anyway that a P.I. can search for upcoming warrants outstanding before investing?"

Yes you can do your research by reading company RNS's.
It's usually better to do this prior to buying in rather than being surprised by something that is fully in the public domain.
The market is always aware of the warrant situation and readjusts accordingly so you have nothing to worry about and as has been stated it is a very minimal dilution in this instance

Fred - Steelers Wheel if I'm not mistaken

All this double-guessing about whether the sales are to new stores or whether they are re-stocking existing stores is slightly irrelevant at this stages as the company will be busy doing both and they aren't mutually incompatible.
The bigger picture is that the RNS clearly demonstrates scalability and profitability and the stores in play now are just the tip of the iceberg.
The figures represent only a few thousand US stores out of approx 90,000 that have been mentioned. If the products demonstrate consistent sales then that number of outlets will far exceed 100,000.
Factor in the company comment that they will be rolling out to every continent and do the calculations.
EU/UK to follow with the UK official launch to be announced shortly.
The next update will be in July which will add more meat to the bones with the quarterly figures thereafter.

Exciting times ahead for those that genuinely hold and for those that don't your comments make no difference here as the wheels are well and truly in motion

craigy - maybe you could actually do some of your own research. You have asked the same question again and again and it sounds like you may have an agenda. You have already been given a good answer which you appear to have ignored.
A recent RNS confirmed the company have passed the initial check if you look.
Only 4 companies are on the FSA approved list so far. You could research other CBD companies to see if they have issued an RNS confirming that they have passed the initial approval if you are that concerned.

https://businesscann.com/over-60-of-uk-cbd-novel-food-applications-have-hit-the-buffers-or-been-withdrawn/

I guess it's a positive that those that constantly finding fault with the company aren't spouting 5p per share as some have done in the past. That suggests that sentiment has changed.

If the sales figures were announced and the numbers averaged just 5 sales per store per day and the number of stores stocking the products was 3500 then the SP would not be sat at 63.5p

The sales figures have not been released yet but based on the information that the company has released to date via RNS, interviews and presentations those invested or are looking to invest can decide whether they believe the forecasts from the company or they don't.

The comparison is often made with Fevertree so if we use that as a benchmark you can see that those who invested early made the largest returns on their investments. If all goes as most here hope then those who invest early are set to make the largest returns.

I daresay there were people claiming that the Fevertree company projections were rubbish and were talking the company down but those that did their research and trusted the company reaped the rewards.

Lightning does strike twice and I for one believe the company, have done a lot of research and am not overly worried about the daily SP movements.

Unlike many companies the ball is well and truly in motion and we are not waiting on drilling rigs striking oil, extracting, refining and delivering it to market. We have already have the oil and it's being sold every minute of every day in more and more stores.

Believe if you wish or not

Yes happy to do that

Billy if you really believe the SP will be around 60p but maximum 80p by this time next year I will happily take a wager with you that the SP will be over 80p on 13th May 2022. The loser to pay £1000 to a charity of the other's choice

Has there been any update yet from the FSA whether the application has passed the first administrative check?
It looks like 4 companies have already received validation, 317 have progressed to the next stage and 486 are still outstanding.

https://businesscann.com/over-60-of-uk-cbd-novel-food-applications-have-hit-the-buffers-or-been-withdrawn/

wow - someone is craving attention. I guess you have something missing in your life if it's important to have anonymous people thanking you for your prediction!
Yes you are the greatest share analyst and we should all listen to everything you say - we are in the presence of a genius.
Comedy gold!!

For those that missed it the presentation is now online - well worth watching

https://www.investormeetcompany.com/investor/meeting/investor-presentation-49

What a fantastic presentation! I actually topped up whilst watching it - very exciting times!

Billy - "The two products a week was quoted from a store...."

Which store was that?
I believe that was something you quoted as "having heard" from an anonymous source with absolutely no substantiation so please don't use that as a basis for your calculations.
You seem to be resorting to moving away from facts recently which smacks of clutching at straws and my guess is you are fabricating material to try and hide the information posted here that is based on hard facts.