RE: Christmas is make or break28 Oct 2022 17:32
So, after all the puffing, blowing, arguments, swearing & ridiculous week end price targets by Pholi ( 3 - 3.5p ), what actually happened to the share price this week ?
Absolutely nothing, it is the same price now as it was on Monday morning!
The fantastic news CBX is listing on Debenhams online, the new xmas gift sets, the imminent launch of the movement range, did nothing for the value of CBX
The market is waiting for the details of the RTO, I am sure Cannarary are now knocking on doors looking for additional funding, which they desperately need to close this deal, as Cupid has already highlighted. If this process takes much longer, I would be concerned
A question on my mind is what happens to the CBX share price if this deal does not materialise?
Their audited year-end results are due out in 4 week’s time which will show another huge loss & more importantly another huge cash burn, they will have zero chance of raising cash independently
Instead of guessing the outcome, why not wait for it, if its fantastic news miss out on the first 30% of share price rise and catch the next 1000 %.
If it’s bad news you haven’t thrown even more of your cash down the drain
Just my thoughts