Member Info for obstando

It was someone selling 200k at 8.00am and reported late - I'm sure they've had a great day!

I'm not sure why anyone would have an issue with day traders - if you're invested for the long-term then accept that traders will do what they do. They may be happy with a small percentage here and there but the real money is to be made by people that hold for years rather than days. Assuming this goes where many people here are predicting then a few pence here or there is not particularly relevant

So what happened to the September move to the main market? Everyone that was posting it would be end of September has gone quiet on this and it's clear that this has to happen in order to see the SP get back to a sensible level

It's quite ironic how the holders that have substantial investments here are the ones that aren't panicking and run-in g around like headless chickens yet those that aren't invested are the ones with the incontinence issues. Go figure.

For those that have appeared to come and gloat at the SP maybe concentrate on what you are invested in and pop back in a year's time and let's see if you're gloating then.

Enjoy your new board under the management of Kingdick

@dodge - basically the company will issue more shares in order to generate cash. This is very common for new companies that need cash to fund the business (PR agencies, product development, manufacturing costs, distribution costs, advertising, salaries etc).

Many people assume that issuing additional shares is a negative but if the placing comes with a clearly defined plan and is well communicated with the market then it can be a real positive. The cash generated by the placing will effectively add value to the business and be part of the company valuation.

Any placing would normally be at a price that is discounted to the current SP and usually the SP will drift down towards the placing price but will often recover quite quickly provided the raise is for positive growth creation rather than paying off debt.

The only effect it really has on holders from day one is that the percentage of the company they hold is reduced (if they held 1M shares in a company with 100M shares in issue and that company issued an additional 100M shares then they would go from a 1% holding down to 0.5% holding). If the SP remained at the same price then the value of their holding remains unchanged but the value of the company (market cap) has doubled.

Some of the predictions being touted (£2BN+ cap next year) are quite ridiculous and it's no wonder that the board has deteriorated into squabbles. Thankfully there seems to be a number of sensible over the weekend that add a sense of reality. Constant talk of 30p before year end leads to false expectations and inevitable disappointment and bitterness.

The mcap will not reach £2BN any time soon so the sooner people take off their rose tinted glasses the better. The CBD sector is certainly one that will grow and many companies will do well but you don't go from zero to 100mph overnight. Like many other companies in this emerging sector it is a long-term play and those that are prepared to invest for the long-term (3+ years) are the ones who will potentially make the big gains.

The company is in the process of launching products (hopefully next month) which has led to the SP increase this past week and will no doubt lead to further rises up to the launch. Longer term growth and getting to the previous SP highs following the IPO will not come any time soon. To get back to the high 20s there needs to be proven sales and profitability which will not happen overnight.

In order to achieve the sales and exposure required to grow the company and even reach part of the way towards the silly valuations people are hoping for there will need to be massive additional funding. The company have some great people employed now working on that and they won't be cheap. I would not be surprised to see a further placing this year as funds will be needed and needed soon.

....and before the usual rampers go off on one please understand that placings can be a good thing and if the plan is to turn the company into a global brand the company need funds to finance that.

This is not the share for big short term gains which is not what many want to hear (and a number of those persistent rampers have made it clear they are only here for a quick buck and are desperate to talk the SP as high as they can) but if you are happy to invest and hold the potential is certainly there (pending successful launch and positive industry feedback)

There's been some really big news over the last few months but it would make more sense to hold off on some of these announcements until the move to the main market.

You would expect the last few announcements to have had a positive effect on the SP but it seems that positive news is being lost and not moving the SP out of the current trading range.

Is there any indication of when this will happen?

Not sure what your personal beef is and you never want to let it go do you Amran?

I have said there is great potential for the company but a lot of legwork to be done yet. A launch is not a simple switch that's thrown as there is branding (do you know what the brand will be called?) to be done and the sooner the better. It would be nice to get the brand name out there even if it's advertising with a hidden product but a name and some nice words with "coming soon" on it to increase media attention.

You keep posting that you're buying more and that this is cheap at these crazy prices yet you're the one that has gone from posting 50p soon to a more realistic 20p maybe next year. Anyone can look at your posting history and see how you blow with the wind.

You've also made it clear that you are waiting for it to reach a break-even level so that you can bail out and get your money out quick. You'll forgive me for ignoring your incessant ramping which has a very clear agenda.

You call BS because I call you out on the twaddle that you post and rather than respond insights into the company operations or ideas of branding and distributors you throw a tantrum and revert to name-calling.

I assume that every time you mention me it's because you miss me and want me to remind everyone here of your agenda to pump the price allowing you a quick exit. Shame on you.

I'll still be here long after you've run for the hills as you are clearly a trader rather than an investor.

If wanting to know how the company are planning to roll-out to 10,000 stores is keeping you awake at night why not be proactive and drop the company an email rather than ask here?

Probably because it's not really a need to know but more a need to be heard and a need to be disruptive.

Questions that are being asked here repeatedly can be asked of the company - you'll get a definitive answer then rather than getting an answer here that you choose not to believe if it doesn't fit your agenda

@vas - you are confusing store roll-out with company growth. Whilst they are linked they are not the same and the company have always used the non-linear reference to growth and not the store roll-out. The company have said that the roll-out is planned to be at x stores by a certain date and y stores by another date. Others have interpreted that to mean 500 stores per month but that is not what the company have stated.

@dmors - yes the industry is relatively new and these are experts that know the industry inside out. If you can share your industry credentials here I can evaluate whether I consider their knowledge greater than yours and hence take your comments with the pinch of salt you suggest

@billy - why won't you just ask the company? Be proactive for once

@dmors - I will take the comment based on who it came from and their knowledge and history in the industry over an opinion from an anonymous poster on a BB

@billy - My thoughts: no-one here can answer your question definitively - it appears that you have either not read my post or if you have you have completely missed the point. It really isn't about the quarterlies. If it's so important to you to know if the Q3 update is coming I suggest you take a proactive approach and contact the company for an answer rather than asking it here on a daily basis.

I've refrained from getting actively involved here much recently as the board has deteriorated into a toxic kindergarten. Any humour has gone and it has become centred on personal battles. The sooner that changes the better and you'll find that quality of the board will improve.

With regard to a lot of the discussion about the minutiae (quarterly figures, Viridian agreement etc) I think people either didn't listen to the comments at the AGM or have very short memories.

We are lucky enough to have some serious heavyweights working with us and their aim is not to see the SP hitting 60p. These guys see the bigger picture and realise the potential of the industry and where Chill will sit within that industry.

It was made clear that the CBD industry will be larger than alcohol, larger than tobacco and larger than soft drinks. Think about those numbers for a while and let the enormity of that statement sink in. It was also made clear that the people that are now fully behind Chill are not interested in being top 3 in the industry - they are fully focussed on being No.1.

The importance of branding was highlighted and the fact that no other company is targeting the lifestyle market in the way that we are. The Chill brand is fundamental to the business and the industry and gives the company a massive advantage over the existing players. Any newcomers to the industry will be playing catch-up for a long time.

It was emphasised that growth is not linear - this is something that those who are focussing on the quarterly results need to grasp. This business will NOT be going up in a straight line - when it moves it will really move!

We have seen the US investors starting to buy in and this is only going to increase. The drum is banging loudly and the US seem to understand the potential here more than the UK market. The guys driving this now will be opening a lot of doors and a new investor base will be established very quickly.

The main takeaway was that the real focus now is on monetising the company - this is not a long-term play! Trevor and Antonio have made it clear in the past that they do not have the skills nor the experience to take the company to a multi Billion dollar business. Scott made it crystal clear - they have a clear exit strategy in place! In my opinion this will not be in 5 years - this is what Viridian do!

They aren't here for a few million - they are here because they understand what their pay-day could be. This will move quickly and I expect many people that have lost faith in the company or have sat on the sidelines because of all the negativity will have regrets that haunt them for a long time. The people driving this business have made it clear that opportunities like this can be once in a lifetime and I for one intend to enjoy the journey. It's been bumpy and I'm sure there may be a few more bumps to come but from where I'm sitting the future looks very exciting.

As this is your first post could you share with us your geological background and first hand experience of drilling in virgin territories?

@Amran - I completely agree regarding discussing other companies here - both you and R1bo have mentioned them far more than I have so maybe heed your and advice with regard to that.

Again you try and turn it into a personal battle without adding anything of any value yet you call BS when someone raises points for discussion. You say no-one here is interested in my BS yet my post appears to have more recommends than any others today. The truth hurts doesn't it? You'd better rally your buddies and get yours ticked up quickly to ave your blushes!

As you've mentioned before your plan is to get out of this share when it gets to a price you want and have indicated in the past that it would be early 2022. To me that suggests you have a vested interested in ramping this in order to get to the price you need so you'll forgive me for taking anything you say with a pinch of salt. At least you've been honest about your intentions although when I've raised it in the past you deny it. The evidence is there if anyone can be bothered to read your history.

You claim regularly to be having chats with Alexis (or is it Siri?) and hinting at things which you know are complete fabrications as he would not be sharing anything that is market sensitive with you or anyone else.

Stick to facts and constructive dialogue and this board will be a place where people can learn more about the potential of the company.

@Amran/R1bo - if you feel that discussing the company strategy here, the timelines, the advantages/disadvantages of natural v synthetic, the possible demand for CBG or the celebrities promoting other companies then you can ignore my posts rather than turning it into a personal battle. These are pertinent considerations and it would be nice to hear your points of view rather than just shouting them down. You know nothing about me nor anyone else on this anonymous BB.

You seem to be fixated with CHLL and if you wish to discuss them I would suggest you do that on their own board.

I am trying to add a balanced view as I see a lot of ramping with little or no substantiation and all that leads to is a sudden jump in the SP with a re-trace back even further than the start point. Claiming that because another company jumped to a SP of £1+ that can happen here suggests that the way you value a company's potential is naive at best. Back your statements up with something of substance and then we can discuss that rather than "boom it's going to £1+"

It's interesting that you have adopted the mantle of the head of this board and claim to speak for everyone here. Well the last time I checked you weren't and everyone should is entitled to raise an opinion and be heard rather than shouted down. If you don't have the knowledge of this company nor the CBD business then maybe refrain from responding in future as you add very little here.

....I should add that directors buying into their own companies is always good to see so that does suggest the BOD are confident of where they are and what's coming

@R1bo - I know you like to remind everyone that David Beckham is invested but I'm not sure that carries the kudos you think as it is investment only and to date there is no indication that he will actively promote the brand.

There are companies out there selling products today targeting the sports sector with some serious names promoting (not just invested in) these companies - think Anthony Johnson and Conor McGregor for starters!

The company should attract more attention as the launch dates approach and news filters out to the market. Some here have alluded to the fact that the synthetic product gives the company a product that differentiates it from much of the competition but whether that is going to encourage prospective buyers to switch from a natural CBD product remains to be seen. I have used CBD products from many different companies and would not consider synthetic over natural unless there was a huge price differential. Many other users I have spoken to have said the same. The price of these products is not cheap and that is going to be a considerable factor in attracting existing customers to switch. Positioning the brand as a premium product in an already expensive sector as a synthetic product over natural may be harder than many expect.

I thought the CBG angle was an interesting addition to the range but there are already other companies providing CBG now so the opportunity to be first to market with that has been lost.

I would expect to see the SP move towards the teens with news announcements as the launch date approaches but to get back to the highs that followed the IPO is likely to be quite a long way away.

@craig and fred - if you listened to the AGM you would have heard that they addressed that specific question as to why they were still listed under oil and gas.

The regulations did not permit the change until our last set of accounts were approved and published - this has now happened and the change can go ahead.

Things are beginning to change and news will come thick and fast and we will be back on track sooner rather than later.