Member Info for obstando

mic - I'm sure you know the answer to the question you asked but:-

LIFE y/e 30/06/2020: Revenue £1.69M nett loss £12.6M
ZOE y/e 31/03/2020: Revenue £92.6k nett loss £6.3M

The facts and figures are all there in the public domain.

As you know a lot has happened for both companies since those figures were issued and the next set of accounts will be quite different for both companies

mic - you call me immature for using the term fanboy (again slightly provocative) so you may wish to read the OED definition and possibly explain why that's immature
The definition is: a male fan (in later use) chiefly of comics, film, music, or science fiction), esp. an obsessive one

mic - you seem to suggest that I have a very blinkered view but having re-read my comments to Kev you will see that there were more positives than negatives. That forum is also not in the public domain and if it had been I would not have posted it. I have spoken in the past to Kev and said that I would be happy to donate to his charitable work in the future.

mic - my comments to Phil were in reply to his personal comments about me. Yes I think that Phil's comment about CBD in the UK being aimed at yoga mums wasn't well thought out and flies in the face of what LH have been building. Do you disagree? If I was a yoga mum I would have found it quite condescending. He accused me of not knowing anything about LIFE (which isn't true) and then went on to state that he had no idea what tobacco cessation was and didn't get it. That therefore made ZOE's business plan flawed. That's fine but there's no point in talking a business down if you don't understand what they do.
My ramping posts on the ZOE board? Wow - I'm not sure where you saw those but I wouldn't put my posts in that category. I try to stick to facts and if those come across as rampy then maybe it's because the facts are actually very encouraging. Calling my posts here de-ramping when I post facts is also accepting that the facts I post are not positive. Surely we should all be aware of both positives and negatives when we have money invested or are looking to invest money in listed companies.
As you well know people can see the glass half full or half empty. Both can be right.

...and mic I would suggest you re-read what I wrote about Kev's Sunday Brunch performance as it certainly wasn't slating him. I raised a few things that he might want to be aware of for the next one as people listening may not be familiar with some of the finer details of the business. You seem to have skipped over the positive elements of my comments

mic - I absolutely agree. Everyone should do their own research and if that includes talking to the company then great. Investing in companies in the same sector can be a big advantage and no reason not to invest in others

mic - I generally do not talk about ZOE here but refer to them if people bring them up. If that makes me the ultimate ramper then there must be a few of us around - so be it!
I have an interest in LIFE as I am interested in the CBD market and have investments in the sector - they are a company I have put a lot of research into. The chairman was good enough to give me the time to discuss a possible investment - I did not chase him but was offered the opportunity. I like to meet (those were the days) directors of companies as it's good to look them in the eye and you get a feel for the individual more than you can by the written word only.
Yes of course I was interested in investing or I would not have taken his time or mine to talk. If you are looking to invest serious money in any company then I would expect prospective investotsrs to take the time to talk. Not every conversation results in my investment but that would be true of most investors. The fact that I chose not to at that time does not mean I have ruled it out in the future and I still have an interest to see where the company is going.
Why is reporting what shatner said in the Sunday Roast podcast slating him? I am merely repeating what he stated which I think contradicts the marketing strategy and shows a lack of knowledge about ZOE's primary business. He was the one that claimed I didn't know anything about LIFE so why should I not be able to put my view over? A discussion boards one for discussionnoth positive and negative.Sadly there are many here that just post childish comments that don't warrant acknowledgement let alone a reply.At least shatner is someone that will put proper viewpoints forward and discuss the business.
A very provocative first post but no doubt fired into action by the Telegram fanboys.
Happy Easter

For those that aren't up to speed:-

Less than a year ago there were 145 million shares in issue - as of today there are 487 million (335% increase)
Go onto the worldhighlife website and you can see the number of share placings and the reasons why
Research how many warrants there are outstanding

The March 2020 interim results showed a trading loss of just over £1m
The June 2020 audited results showed a nett loss of £12.6m
The March 2021 interim results showed a trading loss of just under £1m

The company now has to finance the following:-
UFC sponsorship deal
Re-branding, marketing, regulatory compliance and distribution costs for the US
Re-branding, marketing, regulatory compliance and distribution costs for Thailand
Re-branding, marketing, regulatory compliance and distribution costs for Japan
Re-branding for UFC products for UK
Listing on Canadian exchange

The company states that the profit margins are very good but is still trading at a loss in an established market where products are on shelves in High Street shops and available online
Income from the various global roll-outs will be a long way off
Costs for these expansion plans are being incurred now

I'll leave you with a few comments

This exchange AQSE is awful, the spread can be up to 50% some days
Never again will I invest in something on NEX/AQSE unless something is done about this
1bn shares, 2bn couldn't give a rats arse
There are warrants and lots of them

Just be aware that some of the people doing the ramping (both here and elsewhere) are not always doing it for your benefit

Craigy - some things in life are more important than money and you've put things in perspective. I wish you and yours all the very best

I can assure you my investment is not in any way threatened. Why would it be? If LH turn into a billion dollar company that has no effect on the ZOE SP. My average is in single digits so I sleep well at night thanks. You mentioned Ponzi scheme earlier well it seems to me like you are encouraging as many people to invest as you can which is why you got annoyed when I said I wasn’t ready to invest because of the issues I shared with you. You don’t like anyone that challenges the hype and have a brainwashed cabal that hang on your every word. You act like the Pied Piper ready to bail and leave those that bought at a high SP hanging. We’ve all seen those people that say “look at me I’m not selling but buying more” and then bail on a spike. It’s a dog eat dog world so maybe you can understand my skepticism. You say I don’t know anything about the company but you even told me that you found out new things during my meeting with the Chairman. I’ve done plenty of research which is why I’ve asked the questions I have. You know some of the answers but most of your fanboys here don’t have a clue. I find it very funny you accuse me of not knowing anything about the company after that meeting. You know that’s not true! You then go on to talk about ZOE (who you really hate because they are a success) and on a public podcast say you don’t have a clue about tobacco cessation! The cosmetics and edibles is a nice little part of their business but tobacco cessation is huge and why they will very soon be a billion dollar business. Try doing a bit of research before you make more of a fool of yourself on the next podcast. As you say let’s have a talk at the end of the year as it’s going to be a very different year for both of us!

In fairness while you come across as quite desperate to paint the rosy picture and quite angry (try some of the company products) it’s at least nice to be able to discuss the company with someone that a) has some knowledge about it and b) doesn’t resort to childish insults here (obviously Telegram is a different story!)

Yes 141M warrants is a lot! Maybe you won’t exercise yours or maybe you will - it’s in your interest to talk the company up to make a quick buck! Warrants and placing a can be good but when they are issued to clear debt, finance unknown UFC fighters and to finance a UFC deal when your market (as you quoted) is yoga mums. No wonder the company is running at a loss as the marketing is a disaster. The company does not appear to have a clear direction. Yes you’ll do fine out of your warrants but those left holding the baby with over a billion shares on a terrible platform may not be so lucky. I look forward to comparing notes at the end of the year if you’re still invested.

It would have been nice to see some commitment to changing platforms. Aquis is holding the company back and listing on the TSX is not the solution. It has to be on AIM (or main market if the board have genuine belief in the company) to be taken seriously rather than playing catch-up with the competition

FOMO on what? I think the SP will remain static for a while yet.
News on product and distribution deals will need to be provided before any substantial SP can be expected

It would be nice to come up with a different company for comparison as Zak in a recent interview with John Story discussed another company in the CBD sector where it was compared to Fever-Tree with some numbers and comparisons at different stages of the business. It's easy to throw out a successful company and say we are the next x but at least back it up with some substance.
Placings and outstanding warrants are coming as the company has a huge amount of expenditure to finance and are trading at a loss in an established market.
I would have liked to see some more information about how much the UFC deal has cost but that will no doubt come out with an announcement in due course.
The mcap is currently around £21M and raising what could potentially be 2x that figure will not be easy.

..... There is also talk of rolling out to the US market which again will require massive capital investment.
Maybe that was the reason for the UFC deal - again this is a sponsorship deal which, as a high profile sport, will have cost a lot of money. No doubt this cost will be covered by the issuing of more shares.
The US market will be new to the company and may need the recruitment of specialists familiar with that market. There is different competition there with Conor McGregor (the one UFC fighter the average man on the street may have heard of) promoting another brand founded by a high profile sportsman.

The company have made no secret that this will all need funding - my concern is that the issuing of shares to date has been used almost like a credit card - it has cleared existing debt but the root cause of the debt has not been addressed.
More debt (much more than has been spent so far on the UK market) will be required in order to make any impact in Japan, Thailand and the US. We are not just talking about a few million pounds but a massive injection of cash.
This cost is not something that can be covered by any current income and the timescale for products to be profit-generating in these markets will be years not months.

All I tend to see are comments saying that the company are massively undervalued and comparisons are being made to other listed CBD companies but attention should be given to the company fundamentals here. Those other CBD companies may also be over-valued and inflated due to hype. Some are targeting different markets and not comparable.

Love Hemp may well do well and if they get their marketing right and add value rather than un-necessary cost could be very profitable in the future but expect a lot of dilution to follow.

If you are thinking of investing go in with your eyes open and research the financials

Sadly for anyone looking for information about the company a lot of it is being lost because some people here think that throwing insults around is a way to bury information that should be discussed and potential investors should be aware of.

The CBD market as we all know is one of the hottest sectors currently and some business analysts have forecast that it will be the fastest growing sector in the history of economics. I'm not sure I necessarily agree with that but it is certainly a sector with massive growth potential and more and more companies are entering the arena.

Love Hemp are ahead of many and have a range of products currently on sale in some of the major UK stores. They have recently signed a UFC sponsorship deal and have a major UFC fighter (amongst others) as a sponsored ambassador for the company.
The company are in the process of rolling out to Japan and Thailand and following the UFC sponsorship are talking about expansion into the US also as part of their world domination.

A few weeks back I was privileged to have the opportunity to discuss investing into the company with the Chairman and spent a couple of hours going over the business in some depth.
One of my major concerns I had was the level of debt. The company is not currently running at a profit despite profit margins on the products being very good. If you look at the financial statements you can see that in the relatively short time trading the company had run up substantial debt.
This debt was cleared by issuing shares.
Now share placings are not always a bad thing - if they are used to grow the business they can increase the company and shareholder value.

There are a few concerns I have though and if you visit the company website and look at the list of company announcements you will see a long list over a relatively short period of time. A large percentage of those announcements are for issuing of shares and warrants which has led to a lot of dilution.
The talk of the UFC fighter endorsement is not because that fighter loves the product because he is being paid in shares. Now what value does that bring? I'm not convinced that a product that sits in Holland & Barrett, Boots, Sainsbury's etc needs to be spending money on a UFC fighter that 99.9% of customers wouldn't recognise.
Marketing is a powerful tool but even one of the biggest advocates and shareholder of LH stated recently that the target market for CBD products in the UK was for yoga mums (not really a good match to the marketing spend).
Now the primary reason given for the current loss-making situation is marketing - maybe it needs a major review?
The company are now talking about expansion into new markets of Japan and Thailand - more marketing, re-branding and roll-out costs with additional in-situ production facilities possibly required. This will require huge investment.
LH are already in the major UK High Street shops yet are losing money so how are the going to fund this expansion?

The Zoetic products are available on the company website with discounts available (look on this board for codes). Chill products are not available in the UK or EU yet.
Most of the long-term holders here have been using them for a while which may be why the board is so relaxed

billyboy - there is evidence out there that the smokes and pouches are actually selling in the US right now. It means you might have to do some research of your own but feel free to wait for it to be handed to you as by that point the SP will be substantially higher than it is now.

You don't give up fanny do you?
I'm sure Phil will come back with the standard answers which avoid the questions that are too uncomfortable to answer.
I assume you know that he has a vested interest in getting the SP as high as possible - no? Maybe ask him!
It's like talking to a brick wall as i explained why I am here - you don't like it? Well boo hoo
The more you post the more I'll highlight the issues here
I know you're off school at the moment so maybe you can do your own research