Chill Brands Share Discussion Threads

[g1g4lo] 15/3/2022 09:35

As of 30th September 2021 Chill administrative expenses were £1,437,282 being £240k per month.

With cash of £2,079,779 plus receivables of £248,266 being £2,328,045 less payables of £759,989 giving £1,568,056 of cash equivalents if all receivables and payables paid and received.

Always an issue if all the receivables are 100% accurate but sure some monies will not be received especially as the 2 numpties running this POS seem to be sneakily untruthful.

Now assume all bills and invoices paid and received then the £1,568,056 will last 6,5 months so into mid April until they are running insolvent.

Can see auditors needing a minimum of £3m after costs to continue to run for the next 12 months so will be looking for at least £3.5m gross. My view is they will be lucky to raise this at 1p so 350,000,000 shares added to the current 212,000,000 shares currently in issue giving totalling 562,000,000 shares in issue. Even at 1p this gives an MCap of £5.62m and still overvalued.

So let’s wait for the next RNS with the fund raise and an EGM to get the authority to issue these shares. BLOODBATH COMING!!!

[ken chung] 15/3/2022 09:07

A very high quality short.

[g1g4lo] 15/3/2022 08:56

BREAKING: The FCA forces Chill Brands to admit it broke disclosure rules on dodgy & bogus related party pig and pork fraud type “sales”

This is awful. After a number of communications between myself and the FCA, the regulator of the Standard List, the fraud Chill Brands (CHLL) has been forced to come clean on its related party “loan”. And the truth is awful. Chill now admits that nearly all of its H1 sales were in fact booked to a key shareholder which has not paid for the product bought. This is a pig and pork fraud as I suggested in THIS podcast sent to the FCA the other day

[theanalyst1] 15/3/2022 07:54

Echoramp is off plotting his next pump and dump ploy - if anyone finds out which new board he surfaces on please let me know - he is my cash cow.

[terminator101] 15/3/2022 07:44

Apparently their logistics are so poor that it's going to take them over 15 months to ship things. Hilarious. Nothing to do with shipping ox £1 m of goods so they could claim they sold those goods and give the impression they were doing better than they were huh. This share is hilarious. Is there and echo in the room.

[g1g4lo] 15/3/2022 07:26

And many thought £943k cash coming into the bank as a cash loan? Well a loan of inventory and not cash so cash position is even worse then.
Must get this info out as probably under pressure from the FCA and getting it out of the way before they can raise monies. All coming here soon but at what price? Huge huge dilution coming

[cato the elder] 14/3/2022 13:32

1tx, as you do not say whether the figures you quote are comparable to the ones I cited, I am unable to opine on the merits of the figures you employ.

I am, however, happy to confirm that the word I employed was a "snapshot" of the company's finances, as any report must inevitably be for the purposes of a financial report.

Did you mean to type your last sentence as it reads?

"In other vanish for ever shortly after publication to be replaced by other different sales figures for the same period & so on!"


What does "In other vanish" mean, please?

[cato the elder] 14/3/2022 11:45

Kemche,

I believe it reasonable to expect the figure comparable to the one of 320,000 shown in Note 3 of the 2021 Accounts (page 57 0f 78) for "pure" sales of CBD products to be close to 1,300,000.

This figure would reflect the growth in sales, increased brand awareness, but held back by the uneven period over which it took the majority of States to "reopen", and the obvious time delay as an inevitable product of the figures prepared for the accounts to reflect a "snapshot" of a company at a time a few months in the past.

My own estimates only.

[kemche] 13/3/2022 22:40

Cato, What are your expectations for sales for the year to 31st March 2022?

[cato the elder] 13/3/2022 19:13

The level of debate and exchange of information on here continues its normally high standard with Term's last as about the norm!

1tx, if you have been given no information, how do you know the sales figures are in freefall?

[1tx] 11/3/2022 15:52

It is now six weeks since former Mars General Councel Scott E Thompson joined the board of Chill exchanging "A Life on Mars" for a "Chilled State of Mind"!In his opening comments he noted that as a non executive director,my task now is to keep the team accountable and guide the company as it grows.Sadly since appointment Chill appears to have become totally unaccounable & sales,such as those previously announced, are in freefall.We have no clue what they are or what they were or who in reality they have been made to & no financial accountability,why over $1m was given to a related party on favourable terms.Looks more like "Ashes to Ashes" for Chill if this episode continues....

[paddygangster] 10/3/2022 09:22

You have hurt too many people with your vile language and lies so I have put a Gypsies curse on you unless you repent publicly

[3put] 09/3/2022 14:53

6p about to go, is it seatbelt time ?

[bbmsionlypostafter mk2] 09/3/2022 13:27

What business?