Chill Brands Share Discussion Threads

[purchaseatthetop] 23/6/2024 10:07

It’s going to be very difficult to get them back.

The bald facts are that a proper Board Meeting approved the transfers snd lease back. Going to be very difficult to say it was illegal when it followed proper company policy and processes. The power of a UK Court to reach out to a US Registrar is almost zero. I think the horse has bolted.

[bbmsionlypostafter mk2] 23/6/2024 10:04

They're never coming back, like the company.

[jonesy27] 23/6/2024 09:40

I guess we shall see how diligent the CEO has been by how easy it is to get the damn thing back.

[purchaseatthetop] 23/6/2024 05:45

The rather ironic situation is that the CEO Callum is the staff member who has experience with IP protection but under his watch there were no robust systems or processes to protect Chill Brands IP and that right now both the domain ownership of Chill.com has been transferred to a new registrar completely out of Callum’s control and also Chill brands trademarks have gone walkies. All seemingly approved by a Board Meeting that Callum could not attend because he had managed to get suspended for some aspect of insider information failure.

Anybody who suggests Callum is remotely qualified to be a CEO is being overly supportive. I think that Swanny will dump Callum early doors.

[lionel kipper] 23/6/2024 04:54

Correct Patt

[kemche] 22/6/2024 23:10

Didn't echoridge suggest some ludicrous valuation for it of something like $100 million?

[jonesy27] 22/6/2024 21:11

$1.6 million

[bbmsionlypostafter mk2] 22/6/2024 20:42

Anyone recall what they paid for the Chill domain name?

I see on 23 June 2022 they announced "Following payment of the remaining balance of $800,000, the Company holds full beneficial title to the digital asset around which it continues to build its Chill consumer brand."

I can't see what the total was.

[kemche] 22/6/2024 18:39

"I am only asking you this Kemche because you are the voice of reason in this insane world, but what is the chance of the Toxic Twins and Schrader simply cloning Chill Brands over in the US and cutting the UK and Europe loose? They have the domain, the expertise, the stock, the manufacturing and everything. OK, Callum’s mum would be appalled but do you think they care?"

A very good question Patt. For them to clone Chill assumes there was a business to begin with. Check their yearly and half yearly accounts to see that this was simply a mechanism for the gullible to part with their money. We've had everything from smokes to pouches, Rodeos, Viridian, Ox, Elephant, influencers, tincturables, gummies, creamables, pop up shops, Perth, seeds, patents, Europe, Addis, Middle East, website, first mover advantage, from seed to shelf, vapes, Brixton etc. Then check the revenues. And most importantly check the gross margins.

Business? Give over!

But I shall be averaging down at the next umpteenth fundraise. It's all about 2025!

[lionel kipper] 22/6/2024 16:53

Wow ... eureka.. I've heard this patter before on the ENET board with Patt & snooker40 ( patts other login) So a user only 6 weeks old turns up as a chill investor with loads of knowledge of the company ...doh .. you did me for a while but welcome jonesy patts other login Well done ? I have to applaud you !!

[lionel kipper] 22/6/2024 16:18

You two in the same room ?

[lionel kipper] 22/6/2024 16:12

I'll nick the tescos domain name then be allowed to use it with no repercussions haha

[lionel kipper] 22/6/2024 16:08

This is getting like a fairy tale , do you actually read what you write , it's hilarious!! Steal a site and be allowed to use it ! Fantasies

[purchaseatthetop] 22/6/2024 16:06

Jonesy. It is a possibility. Why else would they transfer the domain. I think there is a very planned series of moves. Callum was set up by the two to be the fall guy. He I think was completely out of his depth. Now this is only my theory and we shall see.

[jonesy27] 22/6/2024 15:52

So in theory, if the domain isn’t recovered, they could just continue the business on their own?

[lionel kipper] 22/6/2024 15:24

You call me childish jonesy lool , Callum's mum haha

[purchaseatthetop] 22/6/2024 15:16

I am only asking you this Kemche because you are the voice of reason in this insane world, but what is the chance of the Toxic Twins and Schrader simply cloning Chill Brands over in the US and cutting the UK and Europe loose? They have the domain, the expertise, the stock, the manufacturing and everything. OK, Callum’s mum would be appalled but do you think they care?

[kemche] 22/6/2024 14:37

The resignation of Schrader is all above board.

[purchaseatthetop] 22/6/2024 14:22

Ox Distribution. There’s a story. Most of CHLL business is in the USA via Ox Distrbution. This deal was cancelled in 2022 because CHLL was supposed to move to micro fulfillment Fabric. But that failed so they went back to Ox. Which is owned and run by the three now Ex Directors and owners.

Accounts to 30/9/22

Note 7
The balance of the note was originally recorded at £943,874 (2021). This value was reduced by deductions relating to product that was not delivered to Ox during 2021. The note was further reduced in line with promotional offers and free fills provided to retailers as part of the Group's rollout strategy.

So….Ox should have paid £943,874.

Accounts to 31/3/23
“As described in the Company's Half-Year Report for the period to 30 September 2022, the original value of the debt was reduced by deductions relating to product that was not delivered to Ox during 2021. The note was further reduced in line with promotional offers and free product fills provided to retailers as part of the Group's retail distribution strategy. Ox repaid a total of US $589,029.54 over the course of the agreement.”

So….Ox actually paid less than half of that £943k. Previously booked as revenue. This is where contracts need to be carefully reviewed. Which is what they are doing while the company is suspended. Do the accounts actually bear any resemblance to reality? You see, a debit in the balance sheet (stock, debtor etc) can be a profit and loss debit just hiding.

[lionel kipper] 22/6/2024 13:51

Cherry was under a hundred 10 packs 2 weeks ago

[lionel kipper] 22/6/2024 13:50

Not selling they say , dusty in Morrisons they would have you believe , vape local a part of phoenix who supply Morrisons Cherry restocked to 1360 x 10 packs ( 13600 vapes) Have a look yourself , Brixton high rd indeed https://vapelocal.co.uk/shop/chillzer0/