RE: Negative Posters5 May 2022 20:55
Well said LGO-fan. Too much paranoia on this forum.
Nothing wrong with thinking positive, but as you say, performance is what counts. Only excellent and repeated sales levels will turn the SP around (and there are plenty of companies who start performing well and the SP still remains at low levels).
The constant rampers/de-rampers, MM's holding it back/playing games, CBX is a market disruptor nonsense is getting tedious, as is the the other regular statement about sells showing as buys etc. Or the classic "can't action a buy just now". Nobody is holding it back. It's a tuppenny hapeney share which attracts almost no interest. If anyone genuinely has difficulty trying to buy some shares I suggest changing who you use, because they are easy to buy at all times.
CBX buy in the raw materials. They don't produce them. There is nothing to stop the manufacturer allowing others to use it, maybe now or in the future (not saying they will). You would hope they have an exclusivity clause in the contract, but who knows? At the end of the day, the products just now are more or less the same as all the others in the market (of which there are far too many and nowhere near enough buyers interested). The made in the lab statement which is used regularly means hee-haw to most buyers (probably puts some off) if we are being realistic. It's also a bit hypocritical when CBX had the original intention of growing their own plants for use (maybe still do have that planned).
For Sharebel, the IPO was oversubscribed for one reason only, because it was open to all and sundry, rather than just institutions. This is very rare. People put money in to make a quick buck and unfortunately, some of them got carried away by the hype, especially on here at the time (it's heading for £1 etc) and didn't sell quickly enough. Also, some of them had trouble with their dealing platform and couldn't sell quickly. The SP just after the IPO was nowhere near realistic. Hence, this share is not "cheap" just now, or "a bargain". The SP now is probably where it should be, although I would say it is still overvalued. The SP has no logical right to be back at those levels in the short term (doesn't mean it can't be though, as SP's can be very unpredictable (please don't believe any of the chartist nonsense), but I can't see it).
As for DB, ABG own DBV now (majority share). He has no control over their share holding and very likely not remotely interested in CBX, if he ever was.
I hope CBX turn it around, but as I have said many times, it will be a long and hard road.
I find it comical when the SP rises in the morning and almost immediately someone is on saying "boom" or "off it pops" and "never be at these levels again" etc., when in the real world, the SP heads ever further south by the week. Or, maybe what they really mean is that the SP will drop even further and never get back to the current levels!
Good luck everyone. It's tough out there and only going to get wors