Hey mate hows it going? What the hell happened to Ci1? Looks like a bunch of people who bought in along that 10c climb off very light news. Recall that Facebook page "Luxury Boss" pumping all the BNPL penny stocks and Ci1 catching flight.
Thought we'd come down to earth with a share price in the 2c range but coming in here and wading through all the garbage posts. Good grief will be hard pressed to find any due diligence or posts with any sense here.
Really disliked the move into BNPL - noted at the time it work away from Ci1's strengths as a distressed debt manager. The CH2 acquisition was positive but then we've not seen any developments there instead lots of fireworks and boat parties but no deep business building.
Jimmies LinkedIn posts were unique at the start but now looks like they've degenerated into a bad version of Twitter. Not going to generate investor enthusiasm just posting pictures of being in the office/meetings or explaining what stock manipulation, downramping and pump 'n' dumps are. Either he was complicit in the YOZO related pump or he was naive about them. Either way as you say better for him to stay off LinkedIn and focus on his business.
If Jimmie has what it takes the businesses will be able to grow and develop with the capital they've got. However, if they need more capital he's going to have a very hard time getting it from the market. Might turn into a complete loss here similar to a lot of other backlisted HK based companies on the ASX. Good luck if you're still holding. I did buy in a small amount as I told you a few months back around the 2-2.4c mark but it looks like management are acting like a lemonade stand not a respectable business. GL to you (and other new investors).
CI1 Price at posting:
1.3¢ Sentiment: Sell Disclosure: Held
(20min delay)