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It is like Groundhog Day here. The SP on a sustained downward path and yet as soon as there is a brief rise, all the idiots come out with the classic guff about MM's playing games, or buy in the dip, or SP will never be this low again, or how the SP will almost certainly be in double figures within weeks (and their predicted SP keeps getting lower each time), or wait until the magical sports products appear (yeah, because the whole world is just desperate to fritter away their hard earned precious cash on sports products). Or, that the American's will go crazy for CBX products (sure they will), especially if DB gets behind them.

How long is a piece of string?

2 x the length from the centre to either end.

I feel for you smartpee. It's almost like they are only interested in the London market and nowhere else (not a wise move). Not everyone in London is minted anyway.

You just have to sit tight and hope they start to get it together as a company and improve over the longer term. Fingers crossed they do and you can get your money back. Good luck

I think some people are pinning their hopes now on the sports range, but I wouldn't. It's like they think it is the last big saviour after everything else has flopped. CBX can't afford to sponsor sports teams of any note and if they plan to sell the products at the same inflated prices, then next to nobody will buy them. Repeating myself, but charging a high price does not make you a premium brand, it just prices you out of the market and the way the economy is heading they couldn't have picked a worse time. There aren't nearly enough high net worth individuals out there to sustain all the companies like CBX. That part of the consumer market is too small and very few of these type of companies do/will survive.

Not so long ago that certain posters were insisting that the SP would never drop below 7p and 6p etc., and constantly claiming they were topping up (of course they were). They fail to grasp the fundamentals. This was always going to be a long hard slog in a very competitive and saturated market. There is nothing unique about the end product. Whether it comes out of a lab or a field, it does the same job. Implying that non lab products may be contaminated is nonsense as well. The field grown stuff is rigourously tested. If CBX were on Dragons' Den you can almost hear the Dragons' saying "so you buy in all the ingredients, some of which are lab made, others not and you basically re-package it and sell it on at almost double the price of the competition. You don't have any exclusivity deal with the manufacturer of the key ingredients and next to nobody has heard of the brand (a poor brand name as well) and you value the company at how much?"

I should have trusted my instinct and stayed out of CBX. The way this is going, the SP will be at 1p in a matter of weeks. Of course, certain posters will be claiming yet again that they are topping up when it does.

Willy66,

Exactly. The problem here is that premium brands usually take years and shed loads of money to become premium.

Some people think that charging a high price in relation to the competition makes your product premium. It doesn't. It just makes it overpriced and eventually the stock ends up in the likes of TK Maxx. Happens so many times, especially with companies who push the product at high net worth individuals rather than a wider market. It will work for a select few, but these high net worth individuals are not sitting waiting with cash in hand on an endless range of overpriced products.

If our so called amazingly talented experienced experts running CBX are not going for the wider market, then they need to make the products premium and promote them this way. So far all I see is mixed messages and nothing premium about the products.

Not looking good.

I should also say, if the new launch doesn't go well, then heaven help us? The SP will plummet and remain in the doldrums.

As for DB, I would not waste any money paying him to promote the products. His appeal is grossly overrated. The money could be better spent in other ways. Why do you think he is selling (or has by now) the majority stake in DBV? It's to pay off debt (and probably also to pour even more money into bailing out the pretend business that VB owns).

Fingers crossed CBX get the 'new' launch right, but I still worry about the price of the products. Disposable income is going to be hammered from all sides in the immediate future and the first thing to suffer will be extravagant purchases and CBX products are very expensive for what you get. I think they should target the baby boomer generation. They might be the only large group who can afford extravagant purchases the way the economy is going.

dancingqueen1976.

There is no such thing as resistance point. It's chartist nonsense. You either think this share will do well or you don't and take the gamble. There is no chart which will tell anyone how the share will do. I am not giving advice here (other than don't pay any attention to the chart mumbo jumbo), but if CBX get the impending promotion right, then the SP is likely to rise and some will take a profit, but I don't personally see it getting near 12p, so you won't need to invest more. I think 12p is a long way off and will only be achieved if sales are really good. Good luck anyway. It would be great if it did hit 12p or more and I would probably bail out and invest in some other prospects.

JimboDean,

I see the SP lingering at these levels for a good while and if sales figures are poor, it will drop far lower.

Like some have said, it is the usual tosh still posted here about top management, unique products, every household will use the stuff, you'll never get it below 7p again, the Beckham factor etc. All irrelevant guff. All that matters is that the general public buy the stuff and until that happens there is no reason why the SP will shoot northwards and unfortunately, the general public have still never heard of CBX. Hopefully this changes when they actually do some real promotion. Maybe one of the locked in original investors has now off loaded their holding.

If you say anything other than pie in the sky ramping style comments here, then certain posters slate you. A huge dose of reality now kicking in for some of them.

Also, why would any tie up with Inter Miami boost the SP to anywhere near 20p? More than treble the SP. Ain't going to happen. It would be great, but huge dose of realism need again on this forum.

I get investors frustrations with lack of action, but it does seem like some go looking for links to something which they think will dramatically affect the SP and when, inevitably, nothing happens, they look for some other link and then imply that this will be the one.

The latest one seems to be Inter Miami, as though this will be the 'new' saviour. I wouldn't get too excited about any link up with Inter Miami. They don't have a large following (average attendance less than 14k) and outside of Miami (and probably in Miami to be fair) I very much doubt anyone pays them any attention.

The more attention and promotion CBX get the better and it all helps, but this one isn't going to make much impact.

Nothing contradictory gjh_.

DB would be an expensive choice and I don't personally think he would add any value. How is that contradictory? Being expensive doesn't mean it is adding value. I don't think most of these celebs and sports stars add much value to product sales. People buy the products because they like the product or the brand. Companies or people running them just like to be associated with these celebs and importantly, it is tax deductible. I have never bought anything because some celeb promoted it.

Correct gjh_

It's not an endorsement in any form by DB. It merely states that his investment company (which he is supposedly trying to offload the controlling share in) has a shareholding in CBX.

The only way DB will endorse anything is if he is paid handsomely to do so and I doubt CBX could afford his fees. It would be a waste of money anyway. There is little benefit to be had from him promoting anything (other than his bank account).

I don't see the SP dropping much more, unless one of the big investors who were tied in for an initial period start off-loading their shareholding.

However, I also don't see it rising much until CBX start racking up the sales.

The rest of my last post (if you are even remotely interested).

...as I am aware, there is no scientific evidence to back up the effectiveness of externally used products, like skin creams. In fact, they are believed to be a complete waste of time. However, if there are enough fools willing to part with their hard earned cash, who are we to question it? I knew there was a reason why I bothered to invest in CBX.

The biggest problem with CBX for some investors was the IPO hype. They bought in on the first day at silly prices and have been desperately talking up every snippet of info or tenuous link about CBX and how it would skyrocket the SP in the hope that it would actually come true and they could get their money back. Almost constant whining from some because the SP isn't hitting 40p or 50p etc., as if they have been robbed and the SP should be at those levels and it's the MM's playing games, yada, yada, yada.

As I have said before, take most of what is posted on here with a hefty pinch of salt. Anyone can claim they have lumped in big time, doesn't mean any of it is true. Amran (now AM01) regularly claimed he was topping up every time the SP dropped. Maybe some believed him, but I didn't and still don't. He, like some others, claim the company is doing this, that and the next thing, as though they somehow know, but it's all guesswork, usually pie in the sky.

Some posts are funny, but it does get tedious sometimes reading the same repeated nonsense (so I'll repeat them some more, sorry) which the posters claim will boost the SP for sure. Things like "the SP will rocket when DB starts posting a few comments" or "wait until the US market opens" or referring to some made up "wellness" month just because some fat slobs used to buy fitness DVD's or exercise equipment which never made it out the box. Or the recent one about how ABG will take CBX to a new level and crack the US market. Or referring to some upcoming celebration, like Christmas or valentine's day or mother's day and how CBX can make a killing if they target the gift givers. Or quoting some opinion on how large the sector is projected to be in future years and that these products will be in every household in the near future.

I am getting tedious now, but the SP is where it should be and where it will remain until someone at CBX actually markets the company and the products. Nobody knows who CBX are and nobody ever will if they don't start using the supposed amazing talents of those running the company (that some posters regularly claim they have) to promote it.

This market is saturated and if you look at it in simple terms, CBX are way behind the many competitors. They are very expensive. They have a very limited range of products, so far. They do not offer medicinal products, so cannot make any claims about effectiveness. They don't even make the ingredients they use, it's bought in. They would be laughed out of Dragons Den if they went on it. They are running out of time to make this company a success.

I am still not convinced that this market will be sustainable long term at a level high enough to support all the players. I still wonder if it will be another fad. The effectiveness of the oral products is questionable, unless higher doses are used and there is a worry in the science based community that it may be damaging to the liver if a higher dose is used. Also, as far a

Love Hemp products are not cheap. They are comparable to most of the other brands. Like most of the brands, they offer different strengths and this affects the price.

CBX's products are expensive compared to the other brands for the same strength of product. As I have mentioned before, charging a high price doesn't make you a premium brand, it just makes you uncompetitive. You have to earn the right to be a premium brand.

The SP is where it should be. If you stood in say Piccadilly Circus in London and asked a thousand people to name a brand in the CBD market, I would be amazed if anyone mentioned CBX . Basically, nobody has heard of us. If you asked the same people if they had heard of CBX, again I would be amazed if anyone said yes.

Nothing will change here until CBX make the general public aware of the brand and products. This is what they need to concentrate on, not relying on some high net worth individuals for the majority of sales. That won't sustain the business.

As for Mr Beckham, I still can't see why he would show any interest in CBX, unless we pay him to do so. It was his DBV company which bought into CBX and I don't think he takes much of an active part in the management of it. He just takes the money. If ABG do buy the majority share of DBV, then he will have no real interest or say in it either.

I actually seen one of the Cannaray adverts the other day on TV and they are in Asda and Waitrose now. That's where CBX need to be, not aiming at the likes of just Selfridges (they only have 4 UK stores).

They need to get their finger out (not to skyrocket the SP in the short term), but to promote the business before they are left well and truly behind.

Dodge, I like the bit about the private group where you stated that "...all that we asked was that posters were respectful to each other..."

It was Amran who derided anyone who didn't agree with his view that everything was rosy and the SP would rocket to the moon. If you put forward a realistic view of CBX he, and a few others, didn't like it. They were the disrespectful posters.

Incidentally, why did he and others change their username recently?

Still waiting on the SP to get anywhere near the silly levels that were predicted. It's like they are bitter because they were daft enough to buy in at the vastly overinflated SP just after launch day and they don't like it if anyone dare to suggest that it will take years to get anywhere near those levels again, if it ever does.

As a few have reiterated recently, with the exception of investors and a handful of others, nobody has ever heard of CBX. They need to get their finger out and promote the products to the mainstream. So called influencers will make little impact and whilst articles in the likes of Marie Claire are a help, it needs to reach out to the general public. They need a high level of sales. It's not a niche product.

Cupid, employees do not need to work any notice. Yeah, you might be in breach of contract, but companies don't take any action. It's a waste of time and money for them and the end result is the same. Rarely would they take any legal action.

ShareGuru22 - you think the SP is going to hit over 40p? That's some increase.

Our local Asda started selling Vitality CBD products a while back and now they also sell Cannaray. They have dedicated areas next to the vitamin and painkiller section for both brands. I assume this is the same in all larger Asda stores. They are also significantly cheaper than CBX. That's always been and still is my big worry, that CBX are way overpriced. Charging a high price doesn't make you a premium brand. It takes years of effort and a ton of money to get the premium image. Way more money than CBX have spare just now. CBX are unknown, but then I am not sure the consumer really cares much about the brand. I personally think they will just buy whatever is shoved in front of them and more importantly, whatever is at a reasonable price. If that's the case, then CBX need to get their products on the high street and rapid and see if the public show any interest. Trying to promote the products via social media is not anywhere near as effective as some think it is.

I am still intrigued as to what this "Omni channel launch" is going to be. I have a horrible feeling that it is all hot air and is going to be really disappointing.

Fortunately I bought in to CBX at a low SP, so I am unlikely to lose out. I genuinely feel for the investors who bought in after the launch at the stupidly hyped SP because I don't see the SP ever getting back to those levels. I don't mean to be nasty to anyone here, but I think some investors are deluded when they try to predict what the SP will be later in the year.

I hate to say it, but CBX are starting to look like one of the teams on the Apprentice. They think they are amazing business people, but the reality is completely different.

Fingers crossed they do know what they are doing now. If not, I will be selling up soon, which I am sure will please some of the posters on here. Like some say, if you are not foaming at the mouth about how amazing CBX are and about how they have such an amazing team of experts, then you just get abuse.

Good luck all.