RE: 60% down in 5 months2 Aug 2021 16:46
I posted a few of my own thoughts on Friday while in "conversation" with Obstando - yet it was reported and the post was taken down. There was nothing wrong with the post, just my views.
All i said in a nut shell was this
Investors are slowly realising that at this present time Zoetic have nothing in their gift to offer Investors that will change the course of the share price.
The main bet for most investors was the US CHILL rollout - 10,000 by next May target. However, we learnt that the US CHILL rollout results were very disappointingly behind schedule due to covid.
I then posted a link that demonstrated that during the past six months the covid situation in US was getting better but recently has taken an alarming down trend ( Delta variant) and now there are many reports that say from this autumn and throughout winter there will be a fourth wave, or is it third significant wave. Distribution Magazines are talking about disruption to supply lines of basic foods etc etc...so if this is the case and becomes reality then CHILL will suffer a similar distribution fate as seen these past six months. Therefore, people are losing confidence on meeting the target of 10,000 for mid next year.
The European rollout will take as long as it takes and last i heard was it was all paper work, and submitting documentation etc etc ..so no one knows the timeline. Then they will still have to roll it out in a Covid Europe. The same with the UK CHILL rollout ( we had the launch party ages ago), and now again we are at the mercy of a bureaucratic UK government department amidst a pandemic.
Until we get an announcement that any of these are back on track, followed by say six months of a roll out / pilot which finally produces some significant revenue ... then the SP will drift lower, work itself around a range, whatever .....just to add I was surprised to see the sp fall below the gap - which is normally a good support.
Sentiment has changed here ( and markets generally) and its going to take a lot more effort by the rampers of this share to get it any where near £1 than previously , where a gang of investors advised everyone just to just chill and hold for five years so to receive their £25 a share.
If your in the money, think hard...This is not something that has just happened over night....most here have not made a penny since March 21. Just a few shorters and those who were lucky enough to have found themselves in this share at the beginning.