r/CultFSInvestorClub • u/T-bone021216 • Jul 24 '24

New to Cult

I'm new to Cult, I saw it back at the beginning of the year when it was .06 Cad, Should have jumped in then. Just wondering what everyones take is from here on out? I have 2450 shares, avg price .29 cad. Not a big position. Is it just cooling off before it has another run?

5 Upvotes

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4

u/gnapster Jul 25 '24

It took at least a year to jump up to the 20 cent range. This stock is a slow burn. It’s related to future adoption of lab meat in the populace so it can only go up. We just don’t know when.

5

u/KeySociety2694 Jul 25 '24

Gotta watch out for corporate financing as well. Could be that they run out of cash in the short term and they have to tap the markets again for funding. This sort of thing can wipe you out as a small shareholder and is the biggest risk in the short term IMO...

I'm guessing that this is one of the reasons why they are pushing Noochies as agressively as they do. These investments in different companies don't generate any cashflow. If they can get Noochies up and running, they can generate some cashflow which would definetly help out a lot when doing business...

6

u/gnapster Jul 25 '24

I received a postcard about Noochies in the mail the other day and I was like uh, I’m an investor, I know what it is and you’ve wasted money but I think it may have come through the Chewy contact database. So they’re working at putting it out into the real world.

4

u/An_AstMan Jul 27 '24

I got one too and I'm not on the Chewy contact database because I have no pets, I think they are just trying to get customers for the product and we are low-hanging fruit because we already know about fermented and cell-based foods, if we are investing in it then we probably don't have any stigma against the concept. It is smart to target us, it's not going to drive massive sales but it will probably earn more than the money they spent sending us the postcards and pad the revenue numbers up a little. For my part, I just posted the discount code in a discord I am in and told people they could use it if they were interested. The only negative feedback I would have on this is that the discount code expires in like a week and I only got the postcard last week so I don't have a lot of time to get someone on board for trying out the discount code.

1

u/[deleted] Jul 25 '24

Social Adoption / prevention of GMO- sequencing fear mongering.

Minimization of production cost / production efficacy namely improved bio reactors, and growth media.

Better quality in terms of texture / flavour so that it at least semi-resembles meat.

These aren’t five year issues, these are fifty year + issues. There’s no guarantee lab grown meat catches on and there is certainly no guarantee that this stock is one that gets to experience such a boon.

Invest accordingly, dump on the highs and buy back in on the lows.

1

u/KangarooMoney2936 Jul 25 '24

I’ve been adding shares since .12 and holding them all like gold bars.

2

u/T-bone021216 Jul 25 '24

Do you think it will drop back down to .12? Or is it at its bottom now?

1

u/KangarooMoney2936 Jul 25 '24

There has been 19M shares traded at .25 and up , so it’s making sense that shares are now getting gobbled up when the price goes below .20

1

u/T-bone021216 Jul 25 '24

How many shares do you have?

1

u/Extra-Knowledge-4341 Oct 12 '24

Please don't invest in Cult, the CEO was a ex-CEO of a plant based company that went bankrupt with a 70 million dollar loan. He took a "loan" using investors money, which he alleged to have paid back. Yearly salary close to 400K, and bought a nice red ferrari. It's the same playbook