Member Info for Scribbler

Cheers. I've been banking that Johnson and Biden won't be brave enough to upset BlackRock lol.

Hi all, at what price did BlackRock load up? I've heard various figures between £3 and £7 - anyone know for sure?

Well done, good price imo

Thanks IdleGuy - just got them!

HL told me I would have shares by close of play today, but still not seen them.

I don’t doubt this will recover in time but after going into this as an SOP holder and watching 50 per cent of my potential profit evaporate from the 50 peak I’ve thrown in the towel for now. I had promised myself I would hold until the CBX float but thought it best to lock in what I had made after over three years of waiting. I still believe in this company and the huge potential of this market, but I think the wider market is correcting slightly and that the market cap here creates downside risk in the near term. For me to hold through these falls in the hope it will suddenly double would be greed on my part, as my buy in is low enough for me to be happy to exit at this point after few days spent watching how this share is behaving. That said, I do not blame anybody for continuing to hold after buying in higher. Anyone who has been investing a while knows how much can be lost from selling too early and panicking at volatility and I’ve seen many shares recover after I’ve quit! I intend to jump back in when I’m confident this has stabilised. For now, best wishes to anyone who is underwater! We all know what it’s like, it’s just the know-it-alls wagging their fingers are too full of bravado to admit they’ve been in exactly the same position many a time. That’s the nature of AIM. GLA

Ashstash you are up and down more than this share mate! One minute you’re pumping it, the next the world is ending, the next you’re telling everyone to stay calm and hold... Are you looking to pick up more on the cheap from spreading FUD?

MGC and Zoetic both had good days today, which suggests investors in the nascent cannabis space are moving profits around. Each new CBD listing will act as positive catalysts for these shares, each of which is hovering around 150m market cap. Each time the US cannabis sector rebounds it will spark interest in the U.K. sector. Look at how Eve Sleep shot up on at the mere mention of CBD news! At the same time a lot of hot US small caps have retraced today in what has been an overheated market. In short, it is far too early in this story to panic. If this drops to the twenties folk will back up the truck, and even if we get no news between now and then, the CBX listing in March will give us a boot. Selling discipline takes time to perfect but so does holding strong. Both are as important as the other!

Hi investin, where have you read about the lock-in period? I’m also interested in CBX but understood from the prospectus there was no restriction on the free transfer of shares?

Haha! Buy low, sell high, stay high to coin a phrase...

Agree with much of what you say Enrico but I’m an SOP holder who is still holding. A lot of us went into SOP expecting to own more than 8 per cent of the company we RTO’d, so we’re only seeing value for our time and initial risk now. I don’t doubt plenty will have top sliced, derisked or sold out completely, but I know there are others like me who know patience pays and are quietly confident there’s more to come here.

If this gets to 60p today I’ll be overjoyed. If it gets to a £1 by Friday even more so. But a consolidation in the forties or thirties is no bad thing. It will bring in a fresh wave of buyers who have been waiting for the dust to settle, and it will most likely double off the first decent RNS to at least 60p. The thing with this share is that a lot of retail holders have been in since it was a cash shell looking for a distressed oil company to RTO! That’s three-and-a-half years of waiting, much of it with the cash frozen, that now expects a decent return. A week isn’t a long time if you’ve been waiting that long, a lot of us are holding tight for many bags. Then there are the 40p buyers who need their bag. Then there are the HNW and so-called sophisticated investors who got on board before float, who are looking for a big return in the longer term. So while this looks like a traders’ share at the mo, I’m confident a combination of tight hands, positive news flow and optimism about the reopening of the economy will do our work for us in 2021. The U.K. sees cannabis as a post-Brexit opportunity, so let’s not sweat every move on the SP. GLA, fortune favours the brave!

Interested to see the effect allowing retail investors to take part in the IPO will have on demand when CBX is finally available to trade. I like the market cap, the publicity Beckham’s involvement will bring, and the relationship with Argo.

First bought this at 50p, sold at £1.50 and regretted it. Bought back in around £2.75p, got stopped out when the owner liquidated some, and regretted it again. Now I'm back in at £2.88 for a long term hold. The simple truth is the High Street is stuffed, and shopping is no longer fun, but bars are back open, women like clothes, and Boohoo's outfits would still be cheap at double the price. There are families across the UK who do all their non-supermarket shopping online now, especially when WFH means you will be in for the delivery. This is an opportunity for Boohoo to cut ties with dodgy suppliers, be more ethical in its practices and carry on growing as bricks and mortar retail continues to decline. There are companies across the UK who have done far worse than this, so I'll be topping up on any more bad news.

Thanks Groover. Lesson in patience there for me. Got stopped out of TXP when it dipped to 10p and missed the stellar rise!

Having seen 40 per cent profit vanish on the way down from the 90s I sold out completely today with a small gain. Still a believer but too much pressure on the SP at present. Hope to get back in when the seller has cleared and sentiment is improved. Already way down in Hur and too underwater to do anything but wait there, so felt it best to get out here in case this runs down further. Good luck all LTH and hope to be joining you in this story again soon.

I admire your optimism. But I'm thankful I don't share it.

To be honest the best way to make money from this share at present is to play the swings. As it touches a new low there will be a bounce, but LTH suffer serious attrition as the lows and highs get lower. Sentiment drives SP and sentiment has shifted to low sulphur producers, of which we are, at present, neither. If Carapa is light and sweet this will rocket, but we don't know how low it will have sunk by then.

I've heard 'good progress' is being made and that there will be an update on RNS soon. Fingers crossed.

If it was a 'what's not to like' situation the CEO wouldn't have sat on the true nature of the find for months and the market wouldn't have marked us down so severely when Tullow broke the news. It's always possible that there has been an elaborate conspiracy to transfer shares from PIs to instis by making a mountain out of a molehill. But it's more likely that Eco's find is just not as worth as much as everyone had hoped.