Congratulations to the board of Cellular on seeing the share price through the 1 penny barrier
Itās only going to get worse. If it survives another year, Iāll be amazed. Specially when Germany have legalised cannabis, but canāt advertise. Another skin cream just got amazing bundle deal and press. Beckham backing did he-haw for this product apart from making him Ā£5m at IPO
Here is an idea sell it for a price people will pay not £80 a small pot. And rename it from its dumb name.
I sold out my last few shares. Made a profit overall but the whole thingās been hugely disappointing, and not to mention a little sus.
Itās a shame as the product seems good (if too expensive) but the share price has been shocking. Is there any chance of a bounce next year or am I just dreaming to think so? Their small Christmas gift packaging was good, so theres a chance they sold a few of them (it sodding tiny in the flesh though btw) but Iām guessing they would have to sell all of them to stop the stock price from its current free fall. Anyone got any rays of light to cheer us up this Christmas?
I agree. Thereās something not quite right about the launch price, the spike and then the sustained decline. It doesnāt hang together. Even taking into account the incompetent management and absence of strategy, there appears to still be no inherent value in the company which is at odds with the claims at IPO.
The Beckham investment vehicle stuff also whiffs a bit. Been difficult to find out if they held on to any of their stake, or confirm how much they made from the spike. I donāt suppose they have to declare that, but the complete silence from the company over the past year on the involvement of DB Ventures is in stark contrast to the fanfare around it at launch.
Down 21% today but donāt worry about it.
21% of nowt is nowt .
Merry Christmas
Iām a total of 96% down on this investment
Oooo youāre beating me, 90.39% for me
Are we going to give up and sell them all at a massive loss or is anyone out there think they are worth hanging on to?
Good question. With the collapse in price I imagine selling up is barely worth the cost of a takeaway for most, but still worth thinking about.
They had healthy reserves when they launched but must be burning through those with the brand acquisition, ācelebā endorsements and failed product launches. Personally, with no financial evidence or research and just a view about how the company has been run this far, I think insolvency is the most likely end point. Thereās nothing really there for anyone to buy in a rescue, since the brand hasnāt established and the USPs they talked about at launch turned out to be bull.
My current investment is worth Ā£30 (having bought back in a few months ago with Ā£100 when I thought theyād reached rock bottom!). Iām sticking around because I donāt need that Ā£30 and enjoy the show! If it was a financial decision Iād be out in a flash.
who knows where it will go, but I am staying for the ride ! what value I have left is not worth cashing in Just incase it comes good
Its on the way up ! Iām only 86% down now what will 2023 bring
Same, 96
Setting barriers to end my time with Freetrade. At Ā£120/year. Itās interesting.
However, setting shares to sell at certain price seems a good time to let it run as normal user.
There is no coming back in this share
Is this company past the point of no return I wonder? I have 5000 Shares and Iam now down about 90%. Im baffled by the level of inactivity and incompetentance of those appointed as heads of the business. It almost seems like it was a con all along.
Same, Iām 87% down on this on slightly more shares. Iām really disappointed with the company, easily my worst performing stock in the last 2 years, followed closely by Kanabo.
1,600 shares down 90%, Iāve wrote that money off.
If anything comes of this it will be a bonus.
I have. those 2 as well -