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?
