I sold CBX at a loss a few months back at around 6p. There were a few people on here saying it was a mistake (you know who you are!) but I just couldn’t see them turning things around and was/am exasperated by the management, the evasive public announcements and the apparent lack of strategy. That’s personal opinion of course, but the stats don’t lie.
Anyway, I sold up, lost about £800 or so, but obviously that would have been a lot worse now. I’m in now for a hundred quid as I find them an interesting share and I enjoy this forum! I figured it would be weird to keep this level of interest and not have any money at stake, right?!
This thread makes an interesting read if you’re wondering what to do now. Some people have said ‘stick around’ at virtually every price, from 20p to 2p. I have to say that there seem to be fewer people thinking it’s worth getting out at this stage. There could be a consensus that 1.5p is pretty much the lowest it would go and from there it’s either upwards or bust.
Personally, I think it’s bottomed out (ish) and that the current strategy of partnering up and selling on Amazon is so un-ambitious and low risk that insolvency is unlikely. They still have cash reserves left too. Sales are low though, so I’d be surprised if growth was stellar. I can’t honestly see a basis on which they could reach 4p in the next six months, but people with more time and sense have said so, so who am I to question it. On which note, stick the normal caveats here that I haven’t done much research and am by no means knowledgeable about this sort of thing. It’s all opinion, mostly based on Google.
Should you sell out now? My view would be only if you have something better to invest in (sounds like you do) or really think CBX will go bust (guesswork for most of us).
Another way to look at it is to see your investment for what it’s worth in cash, right now, because that is what you’re really holding. It’s not a lump of stock that’s lost you money; it’s a pile of money. If someone gave you that money to invest right now, would you put it in CBX?
But I’m letting my ‘free’ money ride on it as I bought at the IPO price, cashed in enough shares at the beginning to make my money back plus £100 or so, and I’m letting the rest see where they go.
CBX will probably never recover back beyond 3p. It was always going to be a high risk and bad risk in my opinion. Early starter and I doubt bill see a return before the decade is out. I sound morbid, well yeah it’s gone down and down since ipo. Balanced at This price 0.16 and will remain for very long time
I wonder how long my FB post will stay before it’s taken down and I go to FB jail.
Please sign this petition because well-known online companies are policing this misunderstood industry by placing these non-psychoactive products in an erroneous group (psychoactive drugs) thus enforcing a blanket ban on their advertising. This means that people can’t access the facts and make up their own minds. These products do not contain a “high” because they contain no THC (the part that creates the high). Big Pharma is probably quite happy but we have a right to make our own choices and access information to make our own informed choices.
Just beem on to the LinkedIn page and left a comment, lets see if this gets any sort of notice.
As someone who holds 11k + shares since last year your advertising campaign has been really REALLY bad. My share price is down 89.05%. You guys need to swing things around like yesterday. You have a great product but it ses you are advertising to the very well off and not just the the normal people who can no justify the price’s. Please look again at your marketing ibsay this as someone who wants you guys to do well as it is in my interest too.
really bad marketing that I think