Looking at what the assets are that might attract a partner/buyer.
As I understand it if the company goes bankrupt the CE application is paused and unless someone else takes it up it’s back to square one which is tragic.
So if you believe it will eventually be granted there is significant potential future value in that. Then of course the GP service and treat it should be of interest.
Not that I expect to see anything from this but it will be interesting to see how it plays out.
Not only was a 4.30 Friday rns announcement of late accounts poorly timed. We can now compound this with a Monday opening that is being talked about on even the popular broadcasters as entering “correction “ territory.
I really do not think this circumstance could have been less well managed if the narrative had been intended.
So where is all the positives now? Where’s all your exciting posts saying how good the company is doing?
Means nothing when share price is about to go boom
Must be 18 months or more I’ve been saying this will fail! It was too late then for me
Shame this has gone the way it has. I’ve turned 1100 into 80 . But I’ll ride it out to the end. See where we end up. Fortunately not a life changing loss. Chalk it up to a learning experience.
Been saying for a long time the lack of communication and lack of public drive is what has screwed KNB. More investment to garner public interest and this might have been a different scenario. Just my opinion.
You can’t build a customer base if the customers don’t know you exist.
Oh well. Onwards and upwards. On a positive note at least my dabble in crypto worked out……not.
Geoff did you sell out or are you riding the storm
I sold a few but it tanked the SP, down just under £20k.
I hope you are ok dude - and all who hold KNB. I know conversations have been tense in here and whilst I’m out, we all want this to work. I’d be delighted if they sorted out their shaitch1tea.
Not happy but this was always high risk. I may be mistaken but what really does annoy me is the MHRA failing in their duty to provide an efficient service or any service for that matter. But we are talking cannabis here and it has been controlled for self interest for decades and its gradual introduction to the wider public hasn’t changed that.
Maybe they can partner up with someone, they have some very attractive assets. We shall see.
This will be the end of my investing in shares so I wish you all good fortune.
I miss the updates - it’s still wobbling frantically but hasn’t dropped off an entire cliff yet, can’t seem to see any sign of life from internal comms..
As usual it’s absolute silence from the company. No engagement with investors. No updates. No proposals or plans. No social media campaigns. Zero. They haven’t even updated their website to show Sucranie resigning. Stagnant.
I’m wondering if they had put all their hopes and plans on the CE mark and as that’s not panned out they’ve given up. Still elements of the business running but that’ll probably get sold off.
The silence is the most frustrating thing. It always has been.
Asked Grok on X how KNB could improve its shareprice. It came up with the following plan (funny how it also agrees KNB need to improve investor relations/engagement) -
Prioritized Action Plan
- Short-Term (6-12 Months):
- Drive revenue growth through The GP Service and Treat It clinic.
- Launch new products and communicate their financial impact.
- Enhance investor relations with regular updates and analyst engagement.
- Medium-Term (1-2 Years):
- Secure strategic partnerships to boost credibility and distribution.
- Advocate for regulatory changes and explore new markets.
- Optimize costs to extend cash runway without dilution.
- Long-Term (3+ Years):
- Achieve profitability through scaled operations.
- Establish Kanabo as a leader in medicinal cannabis and digital health.
- Pursue clinical validation to differentiate products.
Come back Geoff. We miss your posts
I’m away visiting friends in Crete at the moment. Back in a couple of weeks