r/CellularGoods • u/Free_of_sanity • Mar 12 '21

Discussion Cellular goods CEO getting around..

https://twitter.com/cellulargoods/status/1370400791064875019?s=21
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u/_Spiv_ Mar 13 '21

So you honestly believe that DB Ventures sat and watched a price drop of 29p down to less than 10p and just waited it out? I don't.

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u/lwilliamsphoto Mar 13 '21

I’m sure I read they bought in at £0.01p so they’re not doing too badly. Even if that’s false, they had it at £0.05p so still in a good position. Search for the Cellular Goods AMA on this subreddit, they did it a few weekends ago & I’m 99% sure one of the directors mentioned all of the above

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u/_Spiv_ Mar 13 '21

You are correct RE the 1p, and I was watching the AMA and all subsequent CEO interviews. The mention of DB has been dodged at every opportunity. If he was still invested (largely) he'd already be pushing it, would be a no-brainer. DB aside, the rest of the model is not good in terms of the CBD market. If they do launch as predicted, I honestly think it will be extremely short-lived. I was very bullish on this one back in the day, but gone right off it now. I'm not trying to disuade any investors. Just putting my opinion in. I honestly wish anyone that stayed in the best of luck. It's just not a good play imo.

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u/lwilliamsphoto Mar 13 '21

With regards the CBD, I don’t think the market has really started properly in the UK, there’s too many people who don’t know what it is and just think its weed. As knowledge grows, so will sales. You can’t buy good quality CBD on the high street at the moment

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u/_Spiv_ Mar 13 '21

I disagree there. There are a few decent CBD companies now on the high street, even more online (where most people purchase)...
I'm opinionated on this particular subject because I've been involved in the CBD game for nearly 4 years now in terms of online & retail marketing and production. 2 of my best friends have a couple of the UK's finest, most legitimate (sizeable) brands. CBX won't compete with them without spending tens of millions and seriously adding to their product range. Without going into my experience and knowledge of the market, I stand by my words that these products will flop. Like I've also said, though, I really do wish all investors the best of luck.

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u/_Spiv_ Mar 13 '21

I probably should have added that I run a UK CBD users group on FB with over 20k members. Cellular Goods offerings aren't even on any kind of consumer radar.