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Sending this one into hibernation now but that's ok so long as its only one in a portfolio of investments and not a significant component
This could go either way from here as with all things. SP down massively on multiple disappointments, cash calls, down from 1.5p so almost a wipe out. Next sample results, if encouraging, could give this an uplift until the next placing is needed as running costs will rise with new people taken on board. 0.15p-0.2p is possible this year with a bit of luck. This board has a few optimists which is to be expected. Better value elsewhere obviously, GGP being a prime example, proven resources with a JV partner covering the costs. This is what GWMO needs, a very speculative buy, one for big risk takers, don't kid yourself. Good luck with your investment decisions.
Nice to see consolidation at this higher level
and lo and behold, the sp is gaining rapidly now. Hmmmm
up 100%
He's increasingly bullish on this (if that is indeed possible) hence his further investment. Surely such optimism from a closer position on the inside than we are is significant?? The SP does look cheap but is rather static so a lot will depend on the next sample results. Most updates elsewhere are positive ie. SOLG and GGP especially, so need this to come here asap.
''Fantastic RNS out from #GWMO this morning - should be a very good day for holders - new gold asset with solid historical grades, amazing commercial terms & fits into the existing portfolio well from an operational perspective''
Its a good chance it was he who bought at 14p today.
If the definition of a good day here is '' no movement'', maybe we should be a little worried?
Not much volume today and I decided not to put that kind of money on this company after all as I held onto another share I was contemplating selling today. I have 2 shares currently in suspension so maybe time to be especially cautious. This one does seem to be ready for a rise however so my current modest holding (sitting on a loss) will have to do for now.
Mr Webley was previously positive here at 1.5p, then 1.2p, then 1p.......you know the rest, now 0.125p and guess what, he's still positive! Tempted to buy 拢20k here for a short term punt, dead cat bounce, but any more disappointments and that 拢20k will be swiftly become 拢10k. Decisions, decisions.......
Stupid to do so right now IMHO
29 April 2020
Zoetic International plc
("Zoetic" or the "Company")
Board and Strategy Changes, and Trading Update
Zoetic, the London listed vertically integrated CBD company, announces certain operational and organisational changes pursuant to a realignment in the strategic focus of the Company. Given the new strategic focus, Nick Tulloch and Paul Mendell, respectively Chief Executive Officer and Chairman of the Company, have resigned and that Trevor Taylor and Antonio Russo, respectively Chief Strategy Officer and Chief Revenue Officer of the Company, have been appointed as Directors and Co-CEOs.
Highlights
路 Core CBD operations focused on Colorado - primarily the distribution of Chill branded products
路 Trevor Taylor and Antonio Russo appointed Co-CEOs
路 Nick Tulloch will continue to partner with Zoetic by leading a new joint venture in the UK
路 Re-affirmation of the Company's commitment to exit the natural resources business with asset sale discussions well advanced
路 Confirmation that Zoetic's applications for over US$290,000 of Covid-19 loans have been approved
Board and strategy changes
As investors will be aware from previous announcements, Zoetic's largest immediate opportunities are centred on the US distribution prospects of its Chill brand products. To date, the most substantial distribution and revenue agreements come from that brand. Trevor Taylor and Antonio Russo have been able, in a few short months, to create well-received Chill branded product lines. Their ability to quickly secure major distribution contracts for the brand has given the Company great hope for further success.
Given the importance of that business line and the operational focus of Zoetic, the Company considers it beneficial that its senior management should be located in Western Colorado. With travel restrictions as a result of Covid-19 likely to be in place for some time, and with international travel likely to be particularly restricted, the challenges for Mr Tulloch, both professionally and personally, of leading a business remotely are considerable.
The Company's geographical focus in Colorado has to date overshadowed its European operations, although in just nine months Zoetic has established itself as one of the highest profile CBD companies in the UK, with 21 product lines in the range and brand recognition to compete with the more long-standing participants in that market. However, the Company has fallen short of its aspirations to secure distribution of its products to major retailers in Europe. The Board believes that the prospects of this division will be enhanced by a more dedicated focus on local opportunities and so it has asked Mr Tulloch to work alongside Zoetic in a joint venture, effective immediately, to build its brands in Europe and continue grow this division. As a participant in the joint venture, Mr Tulloch will no longer be employed by Zoeti
Its on the Stock Exchange website