Member Info for SpectralBlue

Accurate AND submissible

Battle, though I consider myself a seasoned investor, I'm not an expert in what or what cant be communicated to the market. Kromek seem to have a pretty good narrative. In this market it is a matter of having a steady nerve and plenty of patience!

Another PCR testing company worth looking at is Adaltis owned by BATM (BVC), did very well out of Covid tests, but market hasn't woken up yet to them on this outbreak at yet.

I’m expecting the SP to open where we were before Callum’s suspension. Clearly it should be higher and maybe so on solid Financials

Thanks Lionel I should have looked properly down the thread before replying to NB. Noted will do.

You're choosing to misrepresent what I said. Why would that be? I am referring to the bottom line as you know rather than the crime itself. Chill are not refusing to issue financials, I am sure they are being prepared as we speak. These reports have to be prepared by accountants and signed off. Typically this can take a min of 3 weeks to a month. Once these are released the share price should rise, an outcome you probably don't want.

Newbie. I know you are a self certified 'new person' and I get that. My point was when you 'fire' two senior directors/founders, severance pay would always need to accounted for. They decided to award themselves it before any official payment. Completely wrong, but in both the outcomes the accounting bottom line would be the same. At no point did I say this was a minor point. In the medium term, as a result of their removal, there will be significant savings in senior management pay which will more than make up for the short term 'hit.'

HK how did you vote? Did you vote for the 2 to go? If you did they were always going to be paid off. The bottom line would have been the same. The asset value of the domain will be recovered.

Final point I’m making on the $400,000 taken from the account. I am making no excuses about how this was done but it is probably the exact amount their contracts state if they were to be removed. So they would have received this anyway after they were fired. But officially instead. The company is no more worse off than expected. In fact if the monies are recovered and their contracts voided the company may end up better off. The company may get legal awarded fees too. The domain name recovery will happen but i am sure this will take a while to go through due process. Looking forward the company has a far rosier future than before all this nonsense.

One obvious point when moving forward, despite the temporary $400K black hole, the management cost base of the company will be less moving forward. The duo were always over remunerated due to their position as founders. Lifting this cost yoke will make figures later in the year look highly attractive.

Mr Bridge dont listen to Newbie of course they will still be able to release accounts/or a trading update. The stolen $400k was clearly R+T given themselves severance pay as they most likely didnt think they would get it otherwise. It can be recovered but most likely will take a while.

As we await for the trading update — anyone know how long this may take? We should see a solid price rise once active trading commences. I’m hoping no further land mines are uncovered left by the duo. News on asset recovery would also be useful.

Newbie. You cant just sign over a domain to yourself without board approval. It is theft and the domain will be recovered. The website is up and running and will continue without interruption. Please remember Chill are omnichannel and are not just reliant on the online channel, retail is the most important.

Whilst as shareholders, we are all too aware of recent events, for the average consumer they will be blissfully unaware or what has gone on. They will continue to purchase Chill because they are cool brands with a growing following.

I think there is a lot of confusion here. Whilst ownership of the domain is being recovered, which is a legal matter and black and white. Chill brands can continue to use the URL as they host the website. No no disruption to online business. Basically Chill brands have been victims of fraud. This will not impact trading in any way.

I have no doubt we will see a significant rise but not sure to that degree. It also depends on how long it will take to get the trading update prepared for the suspension to be lifted. If this can be done for next week the positive buzz will still be present. Timing is everything

Has anyone got a view on how long the share suspension will remain? Now we have clarity it would be good to make a further small investment

Doubt it very much. More likely a last gasp stunt by A&T. Get the resolution passed and this should all go away

The nonsense of a complete ban. If the new Govt did that they would have to ban cigarettes too. Not going to happen, scare mongering by shorters.

Good buy prices RKB